The following questions discuss the concepts covered in Chapters 5-8 in
the text
The following questions discuss the concepts covered in Chapters 5-8 in the textbook. Be
certain to place your name on your submission and label each answer correspondingly.
Remember to cite your work and list references. Using the same company, you used in the
first assignment, answer the following questions (limit one page per question):1.
Summarize what the company views as the reasons for its success (past or expected in the
future). Provide both quantitative and qualitative success factors. You may gather this
information from annual reports, the company’s website, or interview with the CEO. Please
be sure and site your source for the information.2. Discuss your company’s competitive
advantage.3. Strategy is a set of goal-directed actions a firm takes to gain and sustain
superior performance relative to competitors or the industry average. The translation of
strategy into action takes place in the firm’s business model. The business model details the
firm’s competitive tactics and initiatives: it explains how the firm intends to make money
(Rothaermel, 2021)). Describe the business model used by the organization. How does the
company’s business model put their strategy into action?4. Business-level strategy details
the goal-directed actions managers take for competitive advantage when competing in a
single product market (Rothaermel, 2021). Answer the following questions for your
selected company:Who-which customer segments-will we serve?What customer needs,
wishes, and desires will we satisfy?Why do we want to satisfy them?How will we satisfy our
customer’s needs?5. Define the four types of innovation (radical, incremental, disruptive or
architectural). Which does your company use? Explain your rationale for selecting this
type.6. Discuss the company’s diversification strategy and the effect it has on the
organization’s competitive advantage.Cite All Sources, and Please use Rubric That is
Attached! Thank You.