Chapter 5 – Discussion Questions – Concepts in Strategic Management & Business Policy

Chapter 5 – Discussion Questions – Concepts in Strategic Management & Business Policy

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 structure

Core competencies

Corporate culture

Distinctive competencies

Economies of scale

Economies of scope

Functional structure

IFAS Table

Imitability

Organizational analysis

Organizational structures

Replicability

Strategic business units (SBUs)

Supply chain management

Tacit knowledge

Technological discontinuity

VRIO framework

 

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