answer following questions

In order to complete this assignment, please undertake two tasks.

First, read Don Hambrick's paper entitled, "Are you sure you have a strategy?" He suggests that strategy as it related to companies should be thought of in terms of arenas, vehicles, differentiators staging, and economic logic.

Second, glance at the list of the document (online information source) provided to you as part of this course.

Please complete the following tasks:

• In two paragraphs and in your own words, explain Hambrick's notion of strategy as well as the five strategy elements.
• Using  Whirlpool Corporation  as an example, please define each element (arena, vehicles, differentiators, staging and economic logic) using online information sources. Each element should be defined in this manner in one separate paragraph. In other words,
  • What is the Arena for this company?
  • What are the Vehicles for this company?
  • What are the Differentiators for this company?
  • What are the Staging elements for this company? (use Whirlpool Corporation operate at  South Korea market as an example)
  • What is the Economic Logic that drives the activities of this company?

Hints:

Online information sources may include but are not limited to company websites. for example:

News aggregators such as News.Google (http://news.google.com) 

Sites hosting industry overviews such as 

High Beam Business (http://business.highbeam.com/industry-reports)or Plunkett Research (http://www.plunkettresearch.com/)

Industry association websites 

Government regulator websites, etc.

Please limit your response to this assignment to three single spaced, typed pages. Cite your sources in the text and reference them at the end of your assignment. Please end your write–up with one paragraph that summarizes what you think is the importance of this assignment.