In the midst of this chaos, there are strategic opportunities for those firms positioned to take advantage of the new environment. What might some of those opportunities be?
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In the midst of this chaos, there are strategic opportunities for those firms positioned to take advantage of the new environment. What might some of those opportunities be?
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- Why are some organizations facing difficulties to sustain competitive advantage?Your new company must plan for adaptability and alignment both internally and externally due to a crisis and other unexpected events, such as a mortgage crisis, a fire, IT system failure, loss of a major customer, loss of suppliers, union strikes, or terrorist attacks. How do you identify a crisis that Kibbles and Bits may experience, and explain how Kibbles and Bits would adapt and align in this crisis?How can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?
- How can we develop strategies to manage potential disruptions, such as natural disasters, economic crises, or pandemics, in the business environment?How can an organization assess and develop its strategic capability to effectively compete in a dynamic and constantly changing business environment?Colleges and universities, like all business, have strengths, weaknesses, and competitors. Who would be the competitors to online universities?
- Do all firms have some form of competitive advantage?Colleges and universities, like all businesses, have strengths, weaknesses, and competitors. What would be considered to be an online university's internal strengths and weaknesses? Why? who would be the competitors to online universities? What are three external opportunities and three external threats?Should a business stick to its competitive strategy all throughout its life cycle?
- What are the strategic options for a firm facing game-changing technology?Is it possible for businesses to formulate long term business strategies given the rapid changes in the external environment?Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university's internal strengths and weaknesses?