Competency 2 Develop business strategies to create sustainable competitive advantage for an organization.
This reflection activity is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.
This competency focuses on external environment scanning and strategic choice and evaluation.
Factors Influencing Strategic Planning
Consider a company you are familiar with. Discuss what might be in the organizations external, general, or industryenvironment that would influence strategic planning for that company.
Business Level Strategy vs. Corporate Level Strategy
Discuss the differences and relationshipbetween a business-level strategy and a corporate-level strategy.Use examples from your own company(or a company you’re familiar with) to illustrate this differencesand relationship.