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I need to pick one of the four questions below and provide a 250 word response. The discussion of the evolution of business strategy (From
I need to pick one of the four questions below and provide a 250 word response.
- The discussion of the evolution of business strategy (From corporate planning to strategic management) established that the characteristics of a firms strategic plans and its strategic planning process are strongly influenced by the volatility and unpredictability of its external environment. On this basis, what differences would you expect in the strategic plans and strategic planning processes of Coca-Cola Company and Google?
- Select a high-profit industry and a low-profit industry. From what you know if the structure of your selected industry, use the five forces framework to explain why profitability has been either high or low.
- Using the five forces framework explain why is the U.S. smokeless tobacco industry so profitable (as indicated by the profitability of its dominant firm).
- In November 2005, six of Pariss most luxurious hotels were fined for colluding on room rates. Using the prisoners dilemma model, explain why the hotels were able to collude over their listed rates but not over discounts.
These questions are based on Grant's book titled Contemporary Strategic Analysis. Chapters 1,3 and 4.
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