(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? (6)...

Question Answers        4
QUESTION ANSWERS
Table of Contents
(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?    3
(6) Within the framework of the Five-Forces Model of Competition, describe the competitive force of the bargaining power of suppliers. What are some of the factors that increase supplier bargaining power? What conditions would decrease supplier bargaining power?    4
8) What is a company’s business model? Why is it so important that a company get its business model right? How have some companies adapted their business model to survive in the wake of the COVID-19 global pandemic?    5
(12) What do we mean by the term competitive strategy? What are the five basic options that a company has for a competitive strategy? What are some basic ways that a company executes its competitive strategy? How has the COVID-19 global pandemic affected company competitive strategies.    6
References    8
(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?
An organization's technique is a planned series of measures taken by its supervisor to beat its rivals and create more prominent benefit (Gamble, 2021). To acquire an upper hand and separate itself separated from contenders, an organization's technique should be one of a kind. It's basic to have an alternate methodology since duplicating an effective adversary's strategy only occasionally works. An unmistakable and unique procedure recognizes a firm from its rivals and gives a strategic advantage; it is additionally the most trustworthy method for making better than expected income (Gamble, 2021).
Following COVID-19, obviously business leaders should confront the real factors of their serious climate, as well as the secret obstacles that have delivered their organizations' methods wasteful. While most systems advance over the long run, significant methodology alterations are expected in the post-pandemic period on the grounds that modern circumstances have modified emphatically (Gamble, 2021). As organizations embrace methodology advances, they ought to be on the watch for the accompanying secret obstructions: indistinct qualities, an ineffectual senior group, an incapable initiative style, unfortunate coordination, deficient administration improvement, and inadequate vertical correspondence (Beer, 2020).
The primary secret obstacle that organizations are supposed to face in the consequence of COVID-19 is a conflict of standards and needs. The essential issue here is that the whole group comes up short on technique. As indicated by Beer, authoritative clearness and commitment are difficult to accomplish until the whole labor force is involved (Beer, 2020). A senior group that is ineffective is the second secret hindrance. Inadequacy emerges because of senior...