Question: 1 . Explain the now - familiar analytical tools and concepts of industry and competitive analysis and demonstrate the importance of tailoring a strategy to

1. Explain the now-familiar analytical tools and concepts of industry and competitive analysis and demonstrate the importance of tailoring a strategy to fit the circumstances of a companys industry and competitive environment.
2. Using practical examples, discuss the importance of doing solid company/organisational situation analysis to match strategy to organisational resources, competencies, and competitive capabilities.
3. Discuss key concepts and analytical tools required to understand why a companys strategy must be well-matched to its internal resources and competitive capabilities. That is the role of core competencies, organisational resources, and capabilities in creating customer value and helping build competitive advantage.
4. Using examples, explain the meaning and how to apply the following strategic analysis standard tools of value chain analysis, strategic cost analysis, benchmarking, and competitive strength assessments to evaluate a companys relative cost position and competitive standing vis-a-vis rivals.
5. Explain how a company can achieve or defend competitive advantage through strategy and how it manages value chain activities.
6. Which issues do companies face in crafting strategies suitable for multinational and globally competitive market environments? Why does it often make good strategic sense for a company to expand beyond domestic boundaries?
7.Discuss with examples the major strategic options for entering and competing in foreign markets

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