Just a few sentences answering these questions please. With a reference or two.
Question 1. Compare and contrast the resource-based, the functional, and value-chain approach to internal analysis - pros and cons of each?
Question 2. How does internal analysis fit within a SWOT approach?
Question 3. How does a firm's industry life cycle impact strategy formulation? What competencies and skills are needed at which evolutionary stage?
Question 4. Pros and cons to benchmarking - who should Harvard benchmark themselves against? Why?
Question 5. Find McDonalds' most recent annual report on the net. Develop liquidity, leverage, activity and profitability ratios for the firm (at least for the last reported year). Would you buy, sell, or hold this firm's stock given your analysis? Explain.