Book: Essentials of Strategic Management the Quest for Competitive Advantage Question1) Three Paragr
Book: Essentials of Strategic Management the Quest for Competitive Advantage Question1) Three Paragr
Book: Essentials of Strategic Management the Quest for Competitive AdvantageQuestion1) Three Paragraphs one each questionsMaterial from Chapters 1 and 2 and the two articles introduce fundamental issues for understanding the importance of strategy and how leaders create and manage the strategic process for their organization. The article ”The New Psychology of Strategic Leadership” introduces the term cognitively distant opportunities.https://hbr.org/2011/07/the-new-psychology-of-strategic-leadership/ar/1Post a response to the following:•Discuss the concept of cognitively distant opportunities.•Share an example of a past or recent innovation that you believe qualifies as a cognitively distant opportunity successfully seized by a leader or an organization.•Explain why you believe this innovation to be a cognitively distant opportunity.Question 2) Two ParagraphsTo provide you with a more real-world strategy experience, a business simulation has been integrated into the course as part of the course requirements. You will be assigned to run a company that competes against companies run by other class members. This will help you gain valuable experience experimenting with various strategy options.https://www2.gsu.edu/~mgtcan/PlayersGuide.pdf is supposed to be 2011 editionRead the Players Guide to “The Business Strategy Game” simulation. Answer the following three questions:•Where are we now? (Is your company in a good, average, or weak competitive position with regard to its rivals?)•Where do we want to go? (Where would you like your company to be after the first five decision rounds? By how much would you like to increase total profits by the end of the simulation exercise?)•How are we going to get there? (Which of the basic strategic and competitive approaches discussed in the first chapter do you think makes the most sense to pursue? What kind of competitive advantage over rivals do you intend to build?)Rubric:Well-organized, clearly and concisely written. The posts are easy to read and free of spelling and grammatical errors. Sources are present and cited correctlyResponses are substantive, introduce new ideas and advance the discussion by incorporating course materials and concepts or throughSubstantial evidence and critical thought are provided to justify the claims made within post.
