Question: 1. What is strategy? How would you define it according to the readings? 2. What are the five competitive forces that shape strategy? Identify and

1. What is strategy? How would you define it according to the readings?

2. What are the five competitive forces that shape strategy? Identify and explain.

3. What are the elements of a successful business model?

4. According to the article, when is a new business model needed?

5. Reinventing the business model- takes creating a clear strategy; according to the article, what are the steps in successfully reinventing the business model?

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