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Explain how an organization can create a competitive
advantage at the corporate strategy level and at the
business-unit strategy level
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- Give an example for why a firm would pursue each of the three grand strategies.Discuss, How can organizations effectively manage conflicting objectives and interests during the strategic planning process?Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.
- In what areas do the industry characteristics influence the managementpractices in H&T organizations? In what situations can strategic management help H&T organizations?List the main generic types of corporate strategies and competitive strategies. give examplesHow do managers develop strategic plans, and what factors do they consider when evaluating the external and internal environment of the organization? Discuss the key components of a strategic plan, and describe the potential benefits and drawbacks of different strategic planning approaches.