Question: 1. The strategic management process involves analysis and choices for organizations to choose a good strategy that ultimately provides them with competitive advantage. Describe the

1. The strategic management process involves analysis and choices for organizations to choose a good strategy that ultimately provides them with competitive advantage. Describe the FIVE (5) processes that you will go through if you are opening a new Korean restaurant in Petaling Jaya.

(10 marks)

2. The Porter Five-forces model of competition serves as an external assessment tool for organizations. Explain any FIVE (5) entry barriers that your new Korean restaurant business may face with.

(10marks)

3. The resource-based view (RBV) approach is a model of firm performance that focuses on the resources & capabilities by a firm as sources of competitive advantage. Assess any FIVE (5) implications of the RBV approach.

(10 marks)

4. As the first major online bookstore, Amazon is known as the first mover in the industry. Evaluate FIVE (5) advantages of Amazon having such recognition.

(10 marks)

5. There are various organizational structures that suit different type of business and/or industry. Describe FIVE (5) weaknesses of a functional structure.

(10 marks)

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