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Business Questions

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75-150 words per question (as needed)

QUESTION 1

  • Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war?

QUESTION 2

  • What do you think are the sources of sustained superior profitability?

QUESTION 3

  • Is it possible for a company to be the lowest cost producer in its industry and simultaneously have an output that is most valued by customers?

QUESTION 4

  • Evaluate the accuracy of the following statement: Formal strategic planning systems are irrelevant for firms competing in high-technology industries where the pace of change is so rapid that plans are routinely made obsolete by unforeseen events.

QUESTION 5

  • Which is more important in explaining the success and failure of companies: strategizing or luck?

QUESTION 6

  • When is a company’s competitive advantage most likely to endure over time?

QUESTION 7

  • What are the strengths of formal strategic planning? What are its weaknesses?

QUESTION 8

  • Why is it important to understand the drivers of profitability, as measured by the return on invested capital?

QUESTION 9

  • From what perspective might innovation be called the single most important building block of competitive advantage?

QUESTION 10

  • What role can top management play in helping a company achieve superior efficiency, quality, innovation, and responsiveness to customers?
Phyllis Mugure

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