Answer the following questions: (Minimum 250 words per answer)

1. How might an organizational evaluation be beneficial? How might it be detrimental?

2. How might the value, rarity, imitability, and organization analysis of internal capabilities complement a SWOT analysis? Provide an example.

Answer the following questions: (Minimum 150 words per answer)

3. Although historical experience can provide relevant evaluation framework why must strategist avoid tunnel vision?

4. Explain why firms need to study and understand their internal organization.

5. Explain how firms analyze their value chain for the purpose of determining where they are able to create value when using their resources, capabilities, and core competencies.

6. Describe market commonality and resource similarity as the building blocks of a competitor analysis.

7. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.

8. Describe the relationship between strategy and structure.

9. Discuss the functional structures used to implement business-level strategies.

References:

Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic management: Competitiveness and globalization (11th ed). Stamford, CT: Cengage.