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"Strategy is about making choices, trade-offs; it’s about deliberately choosing to be different."
What Michael Porter mean about this statement?
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- Write an essay of no more than 2-2 1⁄2 pages in which you discuss the steps in the process of strategy evaluation and control.Explain the differences between corporate, business strategy and functional strategy. How each of the strategy types is connected with each other? (500-600 words)Peter Drucker is quoted as having once said “Culture eats strategy for breakfast”. Outline the shared values, norms and beliefs have contributed to the success or failure of your organisation’s strategy?
- what is the type of strategy Peter need to adopt(2)b: With the aid of a diagram, discuss THREE (3) activities in a strategy evaluation framework.Note : give your won answer in 400 wordWhat internal and external key factors should BreadTalk Group consider when formulatingits strategy for BreadTalk?Hints: - Students can use SWOT to present BreadTalk Group’s internal strengths and weaknesses, as well as its external opportunities and threats- Students should complement the SWOT analysis with Porter’s 5-Forces to structurally analyze the industry landscape from an incumbent’s (i.e., BreadTalk’s) perspective