Mgt 498 Week 3 Complete Uop Exam Assignment

MGT 498 Week 3 Complete

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DQ 1. What is a corporate strategy? Why is it important for a small business to identify a corporate strategy? What are possible consequences that a small business may experience if it does not have a defined corporate strategy?

DQ 2. How has the growth in globalization affected corporate strategy in the United States? Consider this growth from perspectives such as outsourcing, taxes, competition, finances, and so forth.

DQ 3. Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan?

Individual Assignment

Write a 1,050- to 1,400-word paper in which you complete the following:

Research and describe the internal and external environments of 2 to 3 real-world companies using an environmental scan.

Determine what competitive advantages each company has and what strategies each company is using.

How does each company create value and sustain competitive advantage through business strategy?

What measurement guidelines is each company using to verify its strategic effectiveness?

How effective are the measurement guidelines that each company is using?

Learning Team Reflection

Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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