What was the purpose of your teacher sharing the story of the Mann Gulch Fire event in Montana in 1949?

Invisible barriers that prevent one company from moving from one strategic group to another are known as switching costs. 

From the article and class discussion on Twinkies which statement is FALSE?

The process of transforming raw materials to finished products and the supporting services that go with it are known as the value chain.

Which of the following statements about Simon Sinek’s TED Talk on Start with Why is true?

Dr. Jay Barney and his Resource-based View of the Firm argue that a company’s performance is largely determined by…

Today the automobile industry is merging with the technology industry as cars now come equipped with a variety of sensors, computers, and various technologies that enhance the performance of the vehicle.  When two or more unrelated industries begin to satisfy the same customer need we call this _______________.  

We have spent half the semester discussing what a strategy is and what it is composed of.  Please answer all three parts of this question: a) What is a strategy? b) What are the components of a strategy? c) How does a strategy impact an organization’s performance?

An organization is said to have a competitive advantage when it…..

In every industry only one firm can compete on a low-cost strategy.