ECO/415 ECO 415 ECO415 Week 4 Individual Assignment - Hello, I'm Your Motivational Speaker - A+ & Original Guaranteed!

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ECO/415 ECO 415 ECO415 Week 4 Individual Assignment - Hello, I'm Your Motivational Speaker - A+ & Original Guaranteed!

 

ECO/415 ECO 415 ECO415 Applied Economics in Business

University of Phoenix

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Hello, I’m Your Motivational Speaker

You are renowned business guru and motivational speaker Mai Biz. You have been contracted by a prestigious national business organization to deliver a two part seminar on a couple of today’s hottest business topics: competitive advantage and international business.

 

Create a full 1,750- to 2,100-word transcript of your planned speech to meet the organization’s request.

Address the following questions for each topic:

 

Topic 1: Achieving Competitive Advantage

 

·         How does the creation of value lead to competitive advantage?

·         How may a firm achieve competitive advantage? Consider strategies of cost leadership, benefit leadership, and degrees of focus.

·         How does the price elasticity of demand affect a firm’s strategic positioning for competitive advantage?

·         What factors and strategies allow a firm to sustain competitive advantage? Cite at least one real life example of success and one real life example of failure in your explanation.

 

Topic 2: International Business

 

·         What additional risks do multinational corporations face, and what additional opportunities do they enjoy when compared with domestic firms?

·         What strategies may a multinational corporation use to best take advantage of the opportunities discussed above?

·         What strategies may a multinational corporation use to best mitigate the risks discussed above?

·         How does achieving competitive advantage at an international level differ from achieving competitive advantage at a domestic level? How may a firm strategically position itself for international competitive advantage? Cite at least one example or strategyspecific to international business.

 

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