(a) The fundamental nature of global competitiveness points to scarcity of capital and market volatility which requires strategists to constantly use innovative means to attaining vision of a Company. Using the industrial organization (I/O) Model and the strategic management process, explain what Ghanaian firms can do to achieve Above-Average- Returns (AAR) under a regime of global hyper competition in the 21st Century.

(b) In this case, you have been hired as a strategist with a mandate to apply Resource Based Model (RBM) of AAR, explain what a Ghanaian firm can do to achieve Above-Average- Returns (AAR) taking into consideration the impact of COVID-19 on that industry of your choice.

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A broad variety of fields cover the internal sources of competitive advantage The major competitive advantages behind a company are not necessarily de... View the full answer