Please answer the following questions: 1.Explain why the industry life-cycle concept is an important factor in determining a firm’s business-level strategy. Briefly discuss the implications for Home Depot (#21 on the Fortune 500, same-store sales up 5.6%, 5.9% of total sales online).2. Discuss how managers can create value for their firm through diversification efforts. Briefly discuss the implications for a brewer such as Anheuser-Busch InBev.3. What are some of the advantages and disadvantages associated with a firm’s expansion into international markets? Talking Rain, the parent company (headquartered in Washington state) of Sparking Ice (a flavored carbonated water which is one of your instructor’s favorite beverages — he’s drinking Kiwi Strawberry at the moment), has expanded into the UK, Canada, Mexico, and Australia. Assess whether they should continue to expand into Europe, given the advantages and disadvantages you’ve identified.4. Explain the concept of ‘competitive dynamics’ as it relates to entrepreneurial strategy. Briefly discuss the implications for Salsarita’s Fresh Mexican Grill, which will be opening its restaurant in a city here. (The company currently has about 100 locations in 19 states [including one in Owensboro], and was founded in Charlotte NC 17 years ago.)
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