Discussoin

Hello Class! For this discussion please respond to BOTH of the following questions:

Question A

• Tell us about yourself so you can meet and greet with other fellow Grantham University students within your course. Include what you believe to be your current knowledge level of this course topic and what you hope to learn before the course is over.

Question B

Compare and contrast the I/O Model of Above-Average Returns with the Resource-Based Model of Above-Average Returns. Understand the assumptions of each before answering the discussion question.  

Note:  These models challenge the manager to seek out the greatest profit potential and then learn how to use their resources to implement value-creating strategies given the characteristics of the industry.  

But to use these strategies it is assumed that the decision makers (managers and leaders) are rational and committed to acting in thefirm's best interests.  

• If you were the manager implementing these models how could you use them in the firm's best interests?  Could managers use them "against the firm's best interests". If you saw these models being implemented in an unethical way, what would you do?  
• Finally, explain how these models affect the strategic management process of the firm.