ADMN 4606N Module 8 Name: Answer from Ch 6 two pages maximum by inserting answers: 1. How does a hypercompetitive environment change the strategic approach for a company? 2. Explain how our understanding of the three generic strategic approaches available to companies can be used to direct the efforts of all employees at those companies. 3. What industry forces might cause a propitious niche to appear or disappear 4. What does a business have to consider when trying to follow a cost leadership strategy and a differentiation strategy simultaneously? Can you name a company doing this? 5. How can a company achieve a sustainable competitive advantage when its industry becomes hypercompetitive? 6. Why are many strategic alliances temporary?