Answers with fewer than 75 words will have deductions. Use your own words. No direct quotes from the text. Outside sources are not permitted. Use terms and concepts from our discussions, lessons and text.
1.) What are the four stages of an industry life cycle? Explain them.
2.) What are the three main themes of “strategy statements”? What is the recommended word count for a strategy statement based on the suggestion by Collis and Rukstad?
3.) Describe Michael Porter’s five competitive forces.
4.) What is benchmarking and why is it done?
5.) What are the SMART Objectives and what do they mean?