Captstone Strategic Business Mgmt - Week 1 - Discussion 1

Week 1 Discussions

Discussion 1: Learning Objectives for the Strategic Management Process

Each week, you will explore and discuss one of the week’s key Learning Objectives. A selection of three topics will be provided and you will select one of the three for a detailed post. Your initial post should be 225–250 words and follow APA style and formatting requirements (including bold headings, full citations, and references at the end of your post). Check all posts and responses for spelling and grammar.

Post by Day 3 (Wednesday)
Respond by Day 6 (Saturday)

For Discussion 1, choose one of the following three discussion topics. Your post should be 225–250 words and APA formatted.

1. Explain the concept of “strategy” and the connection between strategic planning and competitive advantage.
2. Explain the concept of a “business model” and why a company's business model is important.
3. Explain why a company's strategy needs to pass ethical scrutiny.

Please use the Week 1 Discussion 1 Template located in the Week 1 Learning Resources to draft your post.

After your initial post, engage with colleagues and the Instructor in clarifying and mastering any concepts not fully understood. Points to explore in the first discussion topic could include:

• How is the concept(s) used in your current or past place of employment and/or career?
• How does the concept(s) relate to other concepts in the Learning Objectives?
• Why is it important for you to know and master these concept(s)?

Be specific, using Bloom’s Taxonomy for Critical Thinking. Please refer to the Bloom’s Taxonomy document in your Learning Resources.

Your responses to colleagues should be a minimum of 100–125 words each.

You must post to Discussion 1 no later than Day 3, and complete your responses no later than Day 6.

Business Strategy Game (BSG) Simulation website:

Thompson, A. A., Jr., Reidenback, M. A., Stappenbeck, G. J., Harms, C. C., & Thrasher, I. F. (2014). The Business Strategy Game: Competing in a global marketplace. Retrieved from https://www.bsg-online.com/

Visit this website to read Chapters 1 and 2 of the course e-book course.  **I will provide login info**

Required Resources

Readings

• Thompson, A. A. (2014–2015). Strategy: Core concepts and analytical approaches(3rd ed.) [BSG electronic edition]. Burr Ridge, IL: McGraw-Hill Education.
  • Chapter 1, “What Is Strategy and Why Is It Important?” (pp. 1–11)
  • Chapter 2, “ Charting a Company's Long-Term Direction: Vision, Mission, Objectives, and Strategy” (pp. 12–31)