Question: What is strategy? Why is it important to have a business strategy for success? Make sure to use real business case examples to substantiate your

What is strategy? Why is it important to have a business strategy for success? Make sure to use real business case examples to substantiate your answers.

What is strategic positioning of a business? Discuss the importance of strategic positioning and strategic competition for sustainable competitive advantages of a business. Make sure to examples to substantiate your answers

Michael Porter (1996) stated that Sustainable strategic position requires trade-offs. Discuss different trade-offs that are needed for a sustainable strategy. Make sure to include examples of different trade-offs.

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