MGT 488 Week 1 DQs

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MGT 488 Week 1 DQs

What is a strategic business plan? Why is this plan important to an organizations long-term success? What role does innovation play in developing a strategic business plan?

Why is the internal organizational analysis important to strategic management planning? What are various sources of internal organization dynamics that influence strategic business planning? How might nonsubstitutable capabilities affect strategic management planning?

What are the components that comprise a sustainable competitive advantage for a firm? How might these components vary for different industries?

What are the risk factors involved if a firm fails to maintain a competitive advantage?

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