Advanced Strategic Management Assignment

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Responses to each question should fully answer and explore the question, may be less than or around 250- 300 words each, and should be supported with scholarly research from your textbook and also often from outside internet sources, excluding wiki sources. Remember that well-written responses do not need to be excessively wordy.

Book: Pearce, J. A., & Robinson, R. B. (2015). Strategic Management (14th ed.). New York: McGraw-Hill/Irwin. (ISBN: 9780077862510)

1. Discuss in scholarly detail how organization can influence or impact both long term objectives and business strategies.

2. What strategy is being used when the firm acquires other firms that supply it with inputs or are customers for its outputs? Describe the reasons for choosing this strategy in scholarly detail.

3. To achieve long-term prosperity, strategic planners commonly establish long-term objectives in many different areas. Describe some of these areas in scholarly detail.

4. Discuss in scholarly detail concepts behind differentiation and evaluate a business's differentiation opportunities using skills, resources and organizational requirements. In addition, and expanding on these concepts, what potential risks must managers take into account as they evaluate differentiation based advantages?

5. Discuss in scholarly detail the model of Grand Strategy Clusters.