MGT 498 (Strategic Management)Week 3 Complete DQ's & Assignments

What do we mean by a sustainability strategy? How do we determine what we want to sustain? Is it profits, competitiveness, the environment or what?

Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan? How do you identify risk?  What measures should you use?

Based upon plan preparation, how would one assess the impacts of organizational strengths and weaknesses related to the development of long-term objectives?

Describe at least four sustainability strategies. Review the Virtual Organization Riordan Manufacturing, which can be accessed through this course’s reading from University of Phoenix student Web site. Which sustainability strategies would be most appropriate for Riordan Manufacturing and why?

Assume that you are a risk adverse manager in an industry experiencing rapid technological innovations. Which of the generic strategies would you be inclined to favor to mitigate risk? Why?

How does your organization select generic and grand strategies?