Question: 1. Summarize Michael Porter's views on strategy. Is strategy different from operational - effectiveness? Explain by including real life situations.
2. Evaluate the role of leadership in strategic planning. Give examples. What are the limitations of formal planning?
3. What alternative planning strategies a company might pursue in an uncertain environment? Explain by including real life examples.
4. What docs Porter's FIVE FORCES model tell us about industry competitive structure? Briefly implement the model of the FIVE FORCES model and examine its implications.
5. All companies would like to sustain their competitive advantage. What they must do to achieve a sustained competitive advantage? Explain by including examples.