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What is going on in the world? Find a current event (within last six months) that is relevant to one of the concepts covered in
What is going on in the world? Find a current event (within last six months) that is relevant to one of the concepts covered in lecture. Please include a link to the article and thorough explanation of why it is relevant, what business concepts it is demonstrates, and the significance of the news. This is NOT a summary of the news; this is where you practice and demonstrate critical thinking (a key learning objective of the class). You only need to thoroughly and thoughtfully address one of the concepts covered in lecture per discussion board. The topics covered this week were: Strategic Management and Competitive Advantage Competitive advantage Industrial organization model Resource-based view Stakeholder groups Setting the Firm's Direction: Mission and Goals Mission statements Goal setting Leading Strategically Strategic leadership. Managerial succession Strategizing for competitive advantage Level 5 leadership pyramid The Internal Environment: Turning Resources into Competitive Advantage Resources, capabilities, and core competencies and explain their relationships. Characteristics of competitive advantage: Valuable, Rare, Inimitable, Non-substitutable
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