1. Discuss the various types of competitive dynamics in an industry. Where does your industry fall?
2. Instructions: From the 6 questions below, please choose 3 questions to answer completely.
- What must strategic leaders do to develop and sustain an effective organizational structure?
- Why are strategic and financial controls an important aspect of strategic leadership?
- Give and provide an example of corporate entrepreneurship.
- What are invention, innovation and imitation? How are these concepts interrelated?
- How do firms develop innovations internally?
- Discuss the reasons the innovations implemented by JC Penney failed (p. 436).

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