- What is competitive advantage, and how does it relate to a companyâs business model?
- Describe the strategic planning model, and who is involved in the strategy-making process
- Describe the SWOT analysis, its components, and how it aids a company in making strategic decisions. Provide examples of each component in the SWOT analysis.
- What are the various levels of management, and how do they participate in the process of strategic decision making?
Chapter 2 Questions:
- Define âIndustryâ, âBusinessâ and âSectorâ. How are these related?
- How can Porterâs five-forces model aid in strategic decision making?
- Describe how âRisk of Entryâ, âBargaining Power of Buyersâ, âBargaining Power of Suppliersâ, and industry competition (âThreat of Substitutesâ) affect the external threats a company faces. Provide examples of each.
- Describe the industry life cycle, what strategic groups are, and what mobility barriers are.
Sample Solution
wing mung beans, and to determine which type of liquid is better for the mung bean to grow in. Background Information As I am studying the biomass of growing mung beans I have decided to incorporate a period of germination. Mung beans only need a 24-hour period of germination where the growth of the bean will begin. Germination requires certain factors for successful growth, these factors being water which begins the growth of the embryo, oxygen for the release of energy and warmth so the germination improves. Germination is âthe process by which the embryo grows and develops, eventually becoming a fully mature plantâ. () Plants begin as seeds, or beans begin sprouting after the germination period, therefore the main aspects to look at in this experiment would be the radicle and the plumule of the growing mung bean. The radicle the is the primary organ that first appears after the germination process as it grows downwards to plant itself into the soil and then emerge. The incorporation of the apparatus cotton pad will allow the seed to dig its roots and stabilize to grow. The plumule is a part of the embryo, where the shoot develops consisting of leaves, flowers and stem. The size of the plumule ranges from small to large according to the cotyledons which holds the seeds. âIf much food be stored, either in cotyledons or endosperm, the plumule may be small. On the other hand, if little food be provided, the plant must early shift for itself, and so the plumule may have several well-formed leaves, wanting only exposure to>
wing mung beans, and to determine which type of liquid is better for the mung bean to grow in. Background Information As I am studying the biomass of growing mung beans I have decided to incorporate a period of germination. Mung beans only need a 24-hour period of germination where the growth of the bean will begin. Germination requires certain factors for successful growth, these factors being water which begins the growth of the embryo, oxygen for the release of energy and warmth so the germination improves. Germination is âthe process by which the embryo grows and develops, eventually becoming a fully mature plantâ. () Plants begin as seeds, or beans begin sprouting after the germination period, therefore the main aspects to look at in this experiment would be the radicle and the plumule of the growing mung bean. The radicle the is the primary organ that first appears after the germination process as it grows downwards to plant itself into the soil and then emerge. The incorporation of the apparatus cotton pad will allow the seed to dig its roots and stabilize to grow. The plumule is a part of the embryo, where the shoot develops consisting of leaves, flowers and stem. The size of the plumule ranges from small to large according to the cotyledons which holds the seeds. âIf much food be stored, either in cotyledons or endosperm, the plumule may be small. On the other hand, if little food be provided, the plant must early shift for itself, and so the plumule may have several well-formed leaves, wanting only exposure to>
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