Competitive Advantage, Strategic-Management, and Groupthink

Do some research and answer the following critical thinking questions from this week’s readings in an essay format. Ensure you have a good introduction, body, and conclusion in your essay. In your analysis, cite a minimum of three (3) references from different sources.

Apply the VRIO framework to assess whether an employer has a sustainable source of competitive advantage. Describe the five steps of the strategic-management process. Which step of the strategic-management process do is the most important? Defend your position. Discuss why groupthink is dangerous and identify some best used to help employees or colleagues avoid falling victim to groupthink. In the workplace, how does groupthink affect how decisions are made and the outcomes from those decisions in the organization?

 

 

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