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More:Reflective Journal - Prepare a reflective journal in which you provide one solid paragraph for each of the eight weeks that states the most important marketing concept or application you learned that week and how you plan to apply it. 1. Explain how the general environment and industry environment are highly related. How can such interrelationships affect the profitability of a firm or industry? Give a specific business example. 2. How can managers create value by establishing important relationships among the value chain activities both within their firm and between the firms customers and suppliers? Give a specific business example. 3. - Why is the concept of competitive advantage is central to the study of strategic management? Give a specific business example by researching a company, stating briefly what the competitive advantage is and relate three strategic management decision that stemmed from it. 4.Why is it important for managers to carefully consider the type of organization structure that they use to implement their strategies? How can corporate culture thwart implementation of strategy? Give an example. 5. What are some of the important mechanisms for promoting ethics in a firm? Give an example of how strategy Health Policy"
This question was answered on: Feb 21, 2020
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