QUESTION ONE:
Core competencies are resources and capabilities that serve as a source of competitive advantage for a firm over its rivals. Describe the three categories of resources and explain how capability relates to the organization's set of resources.
QUESTION TWO:
The analysis of the remote environment will be undertaken at both the corporate and the business-unit level. There are obviously many different aspects of the remote environment that can have significant impact on the operation of the firm, its competitors, and its customers.
Define the six components of the PESTLE acronym. Explain how the PESTLE Model can assist us in reviewing the remote environment aspects.
QUESTION THREE:
What is the relationship between a firm's customers and its business-level strategy in terms of who, what, and how? Why is this relationship important?
QUESTION FOUR:
Define corporate governance and explain why it is used to monitor and control managers' strategic decisions. Explain how three internal governance mechanisms' ownership concentration, the board of directors, and executive compensation are used to monitor and control managerial decisions.