Describe the relationship between a distinctive competency, a competitive advantage, and a sustained competitive advantage.
Answer to relevant QuestionsList and describe Porter’s generic strategies and the Miles and Snow typology of strategies. Interview a manager and categorize the business- and corporate-level strategies of his or her organization according to Porter’s generic strategies, the Miles and Snow typology, and extent of diversification. Describe the behavioral nature of decision making. Be certain to provide some detail about political forces, risk propensity, ethics, and commitment in your description. In your experience, have you found that decision-making groups tend toward groupthink? If so, what factors contributed to this tendency? If not, what factors helped to prevent it? Consider the four major reasons for new business failure. What actions can entrepreneurs take to minimize or avoid each cause of failure?
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