1. (10 pts.) Briefly discuss the difference between the strategizing and economizing in obtaining the competitive advantage. This notion of distinction can also be used in personal level. In your case, in competing with your peers (at the school or the workplace), which was your primary mode of becoming more competitive? 2. (10 pts.) Thinking of your experiences in a company/organization that you have worked/served in the past (or an organization you are familiar with). How does the organization realize there is something wrong with the process they rely on the generate the outcome? What techniques or methods have you seen they are using?