Describe a STRATEGIC BUSINESS trend (that means NO fashion or social media) that you find interesting. Think of ideas like mergers & acquisitions, stock market, sectors or areas that are burgeoning, doing well or failing - you get the idea. Also, WHY is it interesting? Share a link, post or image the demonstrates this trend in action.
PART II: THERE's MORE…Please read these detailed instructions for your Ch. 6 assessment:
Chapter 6 is all about strengthening a company's strategic position. Read the chapter before attempting this board. The chapter covers categories (and concepts) to compete that include (but are not limited to):
• Offensive & Defensive Actions - the deck (& book) list many examples, you can only choose 2 out of this category
• Scope of Operations Along the Industry's Value Chain
o Vertical Integration
o Outsourcing
o Forward Integration
o Backward Integration
• Timing
o First-mover Advantage
o Late-mover Advantage
• Mergers & Acquisitions
After reading the chapter, take a look at the company you are following and the strategic problems you've uncovered and suggest THREE strategies (detailing the problem and a solution) that is based on one of the concepts in the listed above.
RULES & FORMAT:
- State the strategic problem
- Propose a solution
A. State the concept you will use
B. Detail your recommended solution that puts the concept into action
C. Briefly describe how your proposed solution solves the problem (3-4 sentences)