(Solved): Ch 1 . What is Strategy - Explain the Analysis, Formulation, Implementation (AFI) Strategy Framewo ...

Ch 1 . What is Strategy - Explain the Analysis, Formulation, Implementation (AFI) Strategy Framework in detail. What are the primary aspects of the AFI Strategy Framework? (Note: You may reference specific chapters from the text in formulating your response.) - Write an essay explaining why businesses are becoming increasingly concerned with sustainable competitive advantage. Provide a suitable example. Ch 2 Strategic leadership: Managing the strategy process - How does a mission statement differ from a firm's vision? Provide a suitable example. - What is the central idea of upper-echelons theory? Ch 3 External Analysis: Industry structures, competitive forces and strategic groups - List and explain the Porter's Five Forces model. What are the two key insights that form the basis of Michael Porter's seminal five forces model? - Explain why it is important for organizations to analyze and understand the external environment in the context of COVID-19 crisis. Provide a suitable example. Ch 4 Internal Analysis: Resources, capabilities and core competencies - Describe the importance of internal analysis to the strategic success of a firm. Should not-forprofit organizations perform internal analyses? Why or why not? - Elaborate on the resource-based view of competitive advantage. Please also discuss and describe the two assumptions of the resource-based view. Ch 5 Competitive advantage, firm performance and business models - What is balance score card? Discuss the four key questions managers need to answer when using the balanced scorecard to develop strategic objectives. - What are the three financial ratios that constitute return on revenue, and what do they tell us?