Lesson 03 – Discussion
Choose (2) of the available prompts below:
1. What are the primary implications of the
material discussed in this chapter for strategy formulation?
2. When is a company’s competitive advantage most
likely to be sustained over time?
3. It is possible for a company to be the
lowest-cost producer in its industry and simultaneously have an output that is
the most valued by customers. Discuss this statement.
4. Why is it important to understand the drivers
of profitability as measured by the return on invested capital?
5. Which is more important in explaining the
success and failure of companies: strategizing to create valuable resources, or
luck?
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