Corporate leaders are responsible for setting the firm’s strategies to gain and sustain a competitive advantage. Should managers be only concerned about the company’s financial performance? What responsibility do company managers have for other consequences of their strategies? For example, should Walmart try to mitigate the negative impact its arrival in communities can have on small locally owned stores? Should Apple be concerned about the working conditions at Foxconn (the company that manufactures Apple’s devices such as the iPhone and the iPad in China)? Why or why not? Explain.
Answer to relevant QuestionsOther than Whole Foods, think of company examples where “doing things right” and acting in the interests of broader stakeholders (rather than just stockholders alone) have produced a stronger competitive advantage. Why ...This chapter introduces three different levels appropriate for strategic considerations (see Exhibit 2.5). In what situations would some of these levels be more important than others? For example, what issues might be ...1. Which PESTEL factors will be most important for the electric vehicle segment of the car industry? Do you see a future for electric vehicles in the U.S.? Why or why not?2. Looking at Porter’s five forces of competition, ...1. The case indicates that Nike’s core competency is to create heroes. What does this mean? How did Nike build its core competency? Does it obey the VRIO attributes?2. What would it take for Nike’s approach to turn from ...How does this issue play out when comparing brick-and-mortar stores to online businesses (for example, Best Buy versus Amazon; Barnes & Noble versus Amazon; Blockbuster versus Netflix)? What conclusions do you draw?
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