Assignment: Strategic Management
N.B. Support your arguments and conclusions. Explain your answers thoroughly.
I. How have recent changes in technology (for example, robots, 3-D printing, artificial intelligence (AI), Virtual reality (VR), blockchain) affected the four major business-level strategies - overall low-cost, differentiation, focused, and hybrid or combination strategies? How does this relate to the creation of sustainable competitive advantage for a firm?
II. If a firm is successful domestically, it is likely to be successful internationally? Why or why not?
III. What determines the level of competitive intensity in an industry?
IV. Marcus Aurelius Antoninus said: "Time is a river of passing events, and strong is its current; no sooner is a thing brought to sight then it is swept by and another takes its place, and this too will be swept away." Explain what you think this statement means and what are its implications for managing strategically.
V. It is widely recognized that changes in technology and competition have diminished many of the traditional roles of location. Resources, capital, technology, and other inputs can be efficiently sourced in global markets. Firms can access immobile inputs via corporate networks. It is no longer necessary to locate near large markets to serve them. Governments are widely seen as losing their influence over competition to global forces. It is easy to conclude, then, that location is diminishing in importance. Do you agree or disagree with the statement that location is diminishing in importance in the global economy? Support your conclusions.
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.