Vision statements articulate the reason why a company exists.

Today the automobile industry is merging with the technology industry as cars now come equipped with a variety of sensors, computers, and various technologies that enhance the performance of the vehicle.  When two or more unrelated industries begin to satisfy the same customer need we call this _______________.  

Rooms at the Stephanie Inn at Cannon Beach Oregon range in price from $750 to $950 per night.  The Inn offers spacious rooms with views of the rugged Pacific coast.  The Inn provides a complimentary gourmet breakfast, free happy hour at 5, warm cookies delivered to the room at 9:00pm, free shuttle service into town in their luxury SUV, and other amenities.  The Stephanie Inn only has the one facility.  We would say they are competing on which generic strategy?

Research shows that managers have far greater control over the ______ environment.

Which of the following was one of Michael Porter’s 5 Forces?

The process of transforming raw materials to finished products and the supporting services that go with it are known as the value chain.

From the article and class discussion on Twinkies which statement is FALSE?

Based on your knowledge of the Rusche College of Business and the field of strategic management, create a new strategy for the Rusche College of Business.  Be as specific as possible in discussing the components of the strategy.  Also, discuss any changes that you think need to be made in the RCOB.  

Strategic management is a ….

We have spent half the semester discussing what a strategy is and what it is composed of.  Please answer all three parts of this question: a) What is a strategy? b) What are the components of a strategy? c) How does a strategy impact an organization’s performance?