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Discussion Questions - Concepts in Strategic Management & BusinessPolicy
1. Explain how using an IFAS Table impacts the understanding of a company's internal resources and capabilities.
2. What is the relevance of the resource-based view of the firm to strategic management in a global environment?
3. How can value-chain analysis help identify a company's strengths and weaknesses?
4. In what ways can a corporation's structure and culture be internal strengths or weaknesses?
5. How might a firm's management decide whether it should continue to invest in current known technology or in new, but untested, technology? What factors might encourage or discourage such a shift?
Key Terms
Conglomerate structureCore competenciesCorporate cultureDistinctive competenciesEconomies of scaleEconomies of scopeFunctional structureIFAS TableImitabilityOrganizational analysisOrganizational structuresReplicabilityStrategic business units (SBUs)Supply chain managementTacit knowledgeTechnological discontinuityVRIO framework
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