Question: 1. Define competitive advantage. 2. List and explain the forces that shape competition in a global industry. 3. Explain the differences between a strategic plan

1. Define competitive advantage. 2. List and explain the forces that shape competition in a global industry. 3. Explain the differences between a strategic plan vs. a business plan (You will need to use other sources to answer this question) a. Define strategy, strategic planning, and strategic plan 4. Explain the key components of the conceptual frameworks that guide decision makers in the strategic planning process. 5. List and explain the forces that may be present in a national "diamond" 6. Describe / explain the following. a. Porter's five force model vs. Rugman and D'Aveni b. Hamel and Prahalad model for competitive advantage

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