Strategic Management

If markets are so efficient, why are there so many alternate forms of transaction?

MT1 tutorial essay question: "A clever strategy is essential for achieving high performance." Do you believe that this hypothesis provides a good explanation of the data on firm performance?

MT2 tutorial essay question: "Profitability simply stems from having a superior product. Rather than spending time on strategizing, firms should spend time on developing better products." Discuss.

MT8 tutorial essay question: “Developing prescriptive theories of strategy, i.e., theories would tell managers what to do in order to achieve high profits, is impossible because achieving high profits requires doing something different, new, and even unexpected and there can be no recipe for such innovations”. Discuss.

MT6 tutorial essay question: Why is diversification often problematic? How might it be managed successfully?