Strategic Management

Assignment 4

BU470 Strategic Management

Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

Part A

The questions in Part A refer to the material discussed in Lesson 1 of this course. Respond to the following.

1. Describe the strategic      management process. What does it mean to manage strategically? 
2. What are the three types      of organizational strategies and how are they different? 
3. The Sarbanes-Oxley Act of      2002 (SOX) has had a significant impact on strategic management practices      and strategies. Discuss how the Sarbanes-Oxley Act of 2002 reformed      corporate governance.

Part B

The questions in Part B refer to the material discussed in Lesson 2 of this course. Respond to the following.

1. Compare and contrast the      industrial organization (I/O) and resource-based views (RBV) on      competitive advantage. 

1. How does each develop a       competitive advantage?
2. What is their focus?
3. What are their       determinants of profitability?

1. What makes organizational      resource-based views unique?