ESSAY EXAM DUE 11/06/2022@ 5PM CST - Sample attached on how the essay should look and be formatted
Each answer should be at least 500-600 words long, and you must cite our assigned readings (e.g., assigned HBR or WSJ articles and our textbook) at least 4 times per answer (in APA format, with cites in blue). A minimum of two (2) of these citations must come from assigned readings besides the textbook, e.g., 4 HBR citations is fine, 2 HBR citations plus 2 textbook citations is fine, etc. -REFERENCES ARE LISTED BELOW THAT SHOULD BE USED
INSTRUCTIONS
Format:
Short essay, FIVE questions (500-600 WORDS FOR EACH QUESTION), APA STYLE
Expectations:
Each answer should be three full, substantive paragraphs or longer, where you display your ability to combine lessons from our textbook AND assigned readings while applying these lessons to real-world scenarios.
(1) What is strategy? Why is having a distinct strategy important? What are some barriers that companies face as they attempt to execute their strategy in the wake of the COVID-19 global pandemic?500 WORDS
(4) Briefly outline and describe the five generic competitive strategies. Illustrate a specific example of each generic strategy in your description.500 WORDS
(7) Within the framework of the Five-Forces Model of Competition, describe the competitive force of buyer bargaining power. What are some of the factors that influence the degree of buyer bargaining leverage? What competitive conditions would give buyers the maximum bargaining power in an industry?500 WORDS
(11) Define and describe resources and capabilities. How do companies determine the competitive power of a company’s resources and capabilities? How do dynamic capabilities fit into your definitions of resources and capabilities?500 WORDS
(12) Explain the differences between multidomestic, global, and transnational strategies. What are the pros and cons of each? Pick three items from this list of the bestselling products on Amazon and make an argument for why one should adopt a multidomestic strategy, another should adopt a global strategy, and the last one should adopt a transnational strategy.500 WORDS
https://www.bestproducts.com/lifestyle/g3486/best-selling-products-on-amazon/
REFERENCES
Gamble, J., Peteraf, M., & Thompson, A. (2021). Essentials of Strategic Management, 7th Edition. NY, NY: McGraw-Hill.