Business Competition Strategies
November 8, 2010
Firms Position / Core Issue
Business Level Strategy
Among top two discoun
Strategic Business Continuity and Internal Risk Assessment
Identify key firm capabilities.
Describe the components of sustainable competitive advantage.
Analyze the influence of the organization on strategic business continuity.
Strategic Business Plan
Strategic Business Plan: Riordan Manufacturing
In todays competitive marketplace, an organizations strategic business plan is essential
to obtain and maintain competitive advantage. Developing a framework involves unde
Running head: RIORDAN MANUFACTURING
Riordan Manufacturing: Strategic Business Plan Outline
Introduction: Company History
A. Michael Riordan, Ph.D., President and CEO (Apollo Group, Inc., 2009, p. 1)
B. Riordan Plast
Based on your readings and discussions from this week . What is a businesslevel strategy?
According to Hitt, Ireland, & Hoskisson (2009), A business-level strategy is an integrated and
coordinated set of commitments and actions the firm uses to
Who are stakeholders?
Stakeholders are the individuals and groups who can affect the vision and mission of the firm,
are affected by the strategic outcomes achieved, and have enforceable claims on a firms
performance (Hitt, Ireland, & Hoskisson
What role do ethics play in competitor intelligence gathering?
Ethics are an important part of competitor intelligence gathering. James Bond and corporate
espionage are often synonymous with competitor intelligence gathering. Competitors have
What are the components that comprise a sustainable competitive advantage for
Four components comprise a sustainable competitive advantage. According to Hitt, Ireland, &
Hoskisson (2009), the criteria is as follows:
Valuable: allow the
Why is the internal organizational analysis important to strategic management
When developing a strategic business plan, a company must analyze internal and external
environments to be effective. A company can reduce the time needed t
What is a strategic business plan?
A strategic business plan is defined as, A roadmap that competitively differentiates a company's
products and services, target markets, customers, competition and resources needed to deliver
What is the role of leadership in strategic implementation?
The role of leadership encompasses many factors. Leader help create the reputation of a
company. Therefore, the actions of leaders directly reflect strategic implementation and the
What is strategic entrepreneurship?
Strategic entrepreneurship is taking entrepreneurial actions using a strategic perspective (Hitt,
Ireland, & Hoskisson, 2009, p. 368).
How might the leadership of a firm use strategic entrepreneurship to incr
What is the effect of Sarbanes-Oxley Act of 2002 on corporate governance? How
has the increased focus on corporate governance affected American
The Sarbanes-Oxley Act (SOX) was developed to reduce scandals occurring throughout
What is the role of competitive dynamics within the context of strategic business
Competitive dynamics refers to all competitive behaviorsthat is, the total set of actions and
responses taken by all firms competing within a market (Hi
What are the key elements of a strategic business continuity plan?
Creating a strategic business continuity plan entails evaluating possible risks. Some key elements
include a contingency plan that details employees, data, and equipment that ma
What is the importance of an organizations mission?
A mission statement provides a motivational declaration of the companys purpose for operating.
This statement is a reference for employees to aid in maintaining focus to achieve the companys
From your readings and thoughts this week what are some external influences on
a firms external environment is divided into three major areas: the general, industry, and
competitor environments (Hitt, Ireland, & Hoskisson, 2009,
What are the risk factors involved if a firm fails to maintain a competitive
If a firm fails to maintain competitive advantage, the company will lose its customers, which will
decrease sales, and eventually the product or company wil
What is the relationship between strategy and structure within the context of
Strategy and Structure have a mutual association. The general nature of the strategy/structure
relationship means that changes to the firms