Corporate strategy addresses “where to compete” and business strategy addresses “how to compete” (Rothaermel, 2021, p. 313).
Choose one business from chapters 7 and 8 and describe one aspect of this business where you see a failure of management. In other words, what is one thing the strategic managers of this firm should have or could have done differently to help move the company forward.
Be sure and include in your discussion how this firm addresses “where” to compete and how this firm addresses “how” to compete. Is there a failure in the “where” to compete or is there a failure in ‘how” to compete?
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Analyze that failure and offer a solution that you as the strategic manager would have implemented.
This case may be based on your opinion. However, you must back up your opinion with sound research. All the rules for a discussion apply to this assignment except responding to your classmates.
The post should be a minimum of 500 words. The thoughts and opinions expressed in your thread must be substantiated by research and literature. A minimum of two, reputable, external sources are required in the post. All in text references should be in correct APA style format and the references should be in APA format at the bottom of your post.
All original threads should: 1. Bring clarity to the issues being discussed. 2. Raise new and novel (yet relevant) points. 3. Rationally defend your stated position.
Each initial post in the class should be considered a mini case analysis. Pages 460-465 of the text is a review of How to Conduct a Case Analysis. In your initial post and in your responses to your classmates, you should follow the steps of the strategic management process. You should include (1) analysis of the problem; (2) proposal of one or more alternate solutions; and (3) justification for which solution you believe is best and why.