Strategic Management

Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.

Part A

The questions in Part A refer to the material discussed in Lesson 1 of this course. Respond to the following.

1. Describe the strategic management process. What does it mean to manage strategically?
2. What are the three types of organizational strategies and how are they different?
3. The Sarbanes-Oxley Act of 2002 (SOX) has had a significant impact on strategic management practices and strategies. Discuss how the Sarbanes-Oxley Act of 2002 reformed corporate governance.

Part B

The questions in Part B refer to the material discussed in Lesson 2 of this course. Respond to the following.

1. Compare and contrast the industrial organization (I/O) and resource-based views (RBV) on competitive advantage.
   1. How does each develop a competitive advantage?
   2. What is their focus?
   3. What are their determinants of profitability?

1. What makes organizational resource-based views unique?