Please answer to the following questions based on ''Hau Lee, David W. Hoyt, Samir Singh (2007). Rio Tinto Iron Ore: Challenges of Globalization in the Mining Industry (pp. 1–26). Harvard Business Publishing''.
1) How did RTIO manage to create a strong competitive position in its supply network and market?
2) China has opened up a large set of opportunities and challenges for RTIO. What do you think RTIO should do to stay ahead in China?
3) HIsmelt appears to be a breakthrough technology with great upside potential. What strategy do you recommend that RTIO pursue related to positioning, the offering, and the exchange process for HIsmelt? Justify your recommendation.
4) Identify the pros and cons of the different ocean transportation options RTIO has.