WK1 DS1

For Discussion 1, choose one of the following three discussion topics. Your post should be 250–300 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.

These resources or other relevant references to be used/cited in response:

· 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)

·  Overbaugh, R.C.,& Schultz, L. (n.d) Bloom's Taxonomy. Retrieved from https://www.fitnyc.edu/files/pdfs/CET_TL_BloomsTaxonomy.pdf