Discussion Post: Strategic Management
• Describe Michael Porter's view on competitive advantage. How do the three strategies differ from each other? Give an example of each.
• Explain "strategic drift" and give examples of how it happens.
• What is benchmarking and why is it done?
• What is a strategic grouping of companies? Why are they useful? Name several companies in a grouping.
• What are the SMART Objectives and what do they mean?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.