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In your role as a senior strategy analyst at Smithfield Custom Furniture, CEO Joan Smithfield has requested you to provide to her a memorandum that
In your role as a senior strategy analyst at Smithfield Custom Furniture, CEO Joan Smithfield has requested you to provide to her a memorandum that addresses A-C below. A. Explain, using the link provided below to Porter's Competitive Advantage Model, how Porter's Competitive Advantage model applies to the Smithfield's Board of Directors' issue of deciding to produce a very exclusive furniture line or a mass-produced, mass-marketed furniture product line. Use in-text citations as appropriate. https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/stages-and-types-of-strategy/ B. Select the best strategy for the Smithfield company to pursue from the two strategies the Board is considering based on the strategies Porter presents in his model and explain why that particular strategy is better than the alternative. C. Using this week's course readings, assuming Joan Smithfield accepts your recommendation, what is the next action she should take to determine if your recommendation is correct? Be specific. Use in-text citations and list references from course readings as required
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