Learning Goal: I’m working on a business law question and need an explanation and answer to help me learn.
A) Based on your analysis of Educational Development Corporation’s strengths and weaknesses, which generic strategy would you recommend for the firm? Develop a brief strategic proposal for the firm and explain how your answer provides the best possible fit with the firm’s strengths and weaknesses.
B) Analyze the industry environment for the firm of your choice (excluding Airlines and Brewing Companies). What factors have a significant influence on each of the five forces? Why? What are the KSFs for the industry? Be sure to define your industry clearly.
C) Discuss the PROCESS of strategic management (i.e., discuss what specific things you should do in developing a strategic plan and when and how you should do them).
D) Does Nucor have a source of sustainable competitive advantage? If so, what is it? Justify your answer using the criteria for a resource or capability to be a source of SCA and the criteria for inimitability. If not, how do you explain why competitors have not been able to duplicate Nucor’s resources and achieve the same level of performance?
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