Business Strategic Management

To Complete this Assignment, You Must:
• The Week 1 lecture addresses various schools of strategic thinking (schools of thought) and why strategists feel the need to disagree on issues of external, internal and cost focus areas. In this exercise, you’ll want to do some reading/research on your own to understand 3 strategy schools: the Harvard school (Michael Porter), the Resource-based school (Edith Penrose; Jay Barney, Richard Rumelt) and Transaction Cost school (Oliver Williamson).

• After doing some research, compare and contrast these 3 schools of thought. Answer the following:
• Answer these questions:
a. How do they differ?
b. In what way are they alike?
c. Pick one of the schools, and summarize its key points of view.
d. Project the number of new viewers.

Length: 500 words minimum

Documentation Style: American Psychological Association (APA). You must provide accurate references and accurate in-text citations for each direct quote or paraphrase that you include.