Question: 1. Explain what resources, competencies capabilities are, and how they can be used to create value and competitive advantage. Be sure to consider capabilities and how they affect resources and competencies.
2. Define Competitive Advantage. How does an organization create sustainable competitive advantage?
3. Compare and contrast Strategic Planning, Strategic Thinking and how they impact and shape Strategy and Operational Effectiveness.
4. Define Mission, Vision and Values and explain how they are the foundation for strategy development and implementation.