assignment 2-professor

400 words

Unit 4 is primarily devoted to finance and operations. You will examine the use and practice of strategic financial models and concepts that emphasize the critical nature of financial decision making in the strategic process. The goal is to underscore the importance of realism and resource allocation in the strategic process using financial analysis and decision making techniques.

Objectives:

• Explain competitive positioning and the tradeoffs between differentiation, cost, and pricing options
• Discuss Porter’s generic strategies of cost leadership, differentiation, and focus—and the opposite, being stuck in the middle
• Explain the combined cost leadership/differentiation strategy
• Compare and contrast Porter’s generic strategies, and give examples of ways in which a company can use the strategies to achieve results
• Review the role of financial management in the strategic thinking process