Instructions Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question responses should be both grammatically and mechanically correct, and formatted in the same fashion as the questions themselves. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your responses and document in a bibliography using APA style.
Explain how a firm that does not hold a competitive advantage (called a “late-mover”) may establish one by attempting to imitate a firm that holds a competitive advantage and the five (5) ways in which this may be done. For each of the five (5) ways discussed, explain what it would take to be successful in carrying out each of them. (25 points) (A 1½-page response is required.)