Short Term Strategic Management Solution Answer all the following questions: Resource-Based View
1. Briefly compare and contrast the following: i) Unique resources – Threshold resources ii) Cost drivers- value drivers iii) Resources- capabilities iv) Strategic fit- strategic stretch v) Market-based view- resource-based view vi) VIRO analysis- Financial ratio analysis 2. Can a core competence be brought in as a short-term strategic solution or does it have to be developed over a long term? Use examples to support your answer. 3. When is a company’s competitive advantage likely to endure over time? Support your answer with examples. 4. Explain by examples, the different types of linkages and how they can underpin sustainable competitive advantage Organizational Based View 1. How appropriate is the “Stakeholder Management “ in implementing successful strategies in dynamic markets? Illustrate your answer by giving examples. 2. What are the reasons for and consequences of “strategic drift”? Explain your answer by giving examples. Market-Based View 1. Briefly compare and contrast the following: i) Business strategy- corporate strategy ii) Competitive advantage- sustainable competitive advantage iii) Entry barriers- exit barriers iv) Consolidated industry– fragmented industry v) Growing industry- declining industry vi) Econ of scale – econ of learning vii) Market segmentation- strategic groups 2. What makes an industry fragmented? Can fragmentation be overcome? If so, how? Explain your answer by giving examples from various industries 3. What are the key problems in maintaining a competitive advantage in mature industries? What are the dangers associated with being a leader in mature industries? 4. Is the evolution of industry structure from an emerging industry to a mature industry to declining industry inevitable? why or why not?
