You are a strategic analyst at a successful hotel enterprise that has been generating substantial excess cash flow. Your CEO instructed you to analyze the competitive structure of closely related industries to find one that the company could enter, using its cash reserve to build up a sustainable position. Your analysis, using the competitive forces model, suggests that the highest opportunities are to be found in the gambling industry. You realize that it might be possible to add casinos to several of your existing hotels, lowering entry costs into this industry. However, you personally have strong moral objections to gambling. Should your own personal beliefs influence your recommendations to the CEO? Company A is pursuing a low-cost strategy. As result of its pressures on suppliers to reduce prices, many of them have outsourced manufacturing to low-wage countries such as China. This may have contributed to the \"hollowing out\" of the manufacturing base in the County X. Are Company A's actions ethical? Discuss your answer thoroughly. You are a manager for a major music record label. Last year, music sales declined by 10%, primarily because of very high piracy rates for DVDs. Your boss has asked you to develop a strategy for reducing piracy rates. What would you suggest that the company do? Discuss the five main steps of the formal strategic planning process What does strategic leadership means