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.
To understand a competitor, it is important to answer ten (10) specific questions. It is also important to assume a firm-centric approach to analyze the competitive environment. Each competitor is different in their strengths and weaknesses, as well as different in corporate structure, for example. List five questions you should ask to better understand a competitor. Then, for each of the questions listed, provide a reason why you should focus on your own firm’s core competencies when you analyze the information gained from asking each question. (20 points) (A 1-page response is required.)