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BS6100 Strategic Management

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Questions:

Answer the following three questions using examples to support and illustrate your discussion.

Define critical success factors, resources and competences. Using examples to illustrate your answer, discuss how understanding and managing these different elements can create sustainable competitive advantage.     

Why might organic (or internal) development be recommended as an appropriate method for strategic development? With examples highlight the risks and benefits associated with this strategic method of development.

Discuss the contrasting characteristics and objectives of a cost leadership strategy and a differentiation strategy. How do Porter (1980) and Bowman (1995) differ in their view on combining these approaches to competitive strategy?

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