Discussion Thread: Competitive Approach, Competitive Scope, and Decision Models Deciding on a competitive approach for the company is critical to the process of developing a company’s strategy. Carefu

Discussion Thread: Competitive Approach, Competitive Scope, and Decision ModelsDeciding on a competitive approach for the company is critical to the process of developing acompany’s strategy. Careful consideration must also be given to the company’s competitive scope.Decision models continue to impact strategy development and should continuously be evaluated, andothers considered.Minimum of 500 words in the body.Minimum of 2 sources from the literature in addition to course texts.Use bolded headings below in the discussion.Current APA format must be used.Use the following outline:• Introduction• Process: Deciding on a Competitive Approach ‐ What is the process for deciding on acompetitive approach? Discuss the process for deciding on a competitive approach in no lessthan 200 words.• Strategic Thinking: Determining Competitive Scope ‐ What is competitive scope and whyis it important to business strategy? Discuss competitive scope and why it is important tobusiness strategy using the two subheadings below in no less than 200 words.• Geographic Scope• Production / Distribution Scope• Decision Model – no less than 100 words• How do my decision models aid / hinder the process of deciding on a competitive approachand why? Discuss how and why your decision model(s) aid / hinder the process ofevaluating environment.• What other decision models are being considered and why? Discuss what models you areconsidering using as a better choice and why.•• ConclusionSupport your factual assertions with citations.Include an Annotated Bibliography, in current APA format, of the 2 additional Sources:• Minimum of 250 words in each annotation• Use the bolded headings below for each annotationUse the following outline:• Summary of Key Points• Evaluation of the Quality of the Publication• Evaluation of the Quality of the Author(s)• Where this fits into the discussion

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