Integrated Strategic ExperienceChapter 1 Study GuidePages 1-31 in the textTermsStrategic competitivenessStrategyCompetitive advantageAbove-average returnsRiskAverage returnsStrategic management processGlobal economyDisruptive technologyTechnology diffusionStrategic flexibilityResourcesCapabilitiesCore competenciesVisionMissionStakeholdersStrategic leadersOrganizational cultureProfit poolCapital market stakeholdersProduct market stakeholderOrganizational stakeholdersHypercompetitionLeading indicatorsLagging indicatorsReview Questions1. How do firms achieve strategic effectiveness?2. What are the three different types of positioning?3. Why is growth often problematic and what makes it difficult?4. What is the difference between business level strategy and corporate level strategy?5. What are the 6 characteristics of a good objective?6. Compare and contrast the I/O and Resource-Based View models. What are their assumptions and what does each model say?Practical SkillsUpon completion of this chapter, you should be able to:a) Access the strategic effectiveness of a firm. Here you will be given a narrative about a company. You will have to apply the strategic effectiveness model to the scenario.b) Write/evaluate written strategic and financial objectives. Here you will be given a scenario about a department or firm. You will be asked to write objectives to fit the setting
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