CLASS: Strategic Management
Using the attached Chapter 5, answer the following 4 review questions. IN YOUR OWN WORDS. Must pass anti-plagiarism scan.
1. Discuss the positives and negatives of corporate culture in the competitiveness of a firm. Relate how firms should deal with different corporate cultures in mergers and acquisitions.
2. Explain how value chain analysis can be used to make a firm more competitive.
3. Identify core competencies, resources, and capabilities found in the General Electric Company. How do they make the General Electric Company more competitive?
4. Discuss in detail how the VRIO Framework can be used to evaluate a business' competencies. Explain which of the VRIO factors would allow a firm to achieve a sustainable advantage over its competitors, and why?