1. Using the ‘Three S' Framework, identify how the dynamics of an organisation of your choice. What have been the implications for the strategy of the organisation?

2. What are the main reasons for resource changes in an organisation? How do they affect sustainable competitive advantage and value added? Give examples to support your explanation.

3. Does the early-mover advantage have any relevance from the perspective of strategy development in more mature markets, like those for chocolate and beer?

4. If you were attempting to defend an existing pharmaceutical product against the announcement by a rival of a similar new drug, which of the five resource-based imitation strategies would you employ? Give reasons for your approach.

5. Why is it sometimes difficult for an organisation to act upon the changes that it sees taking place in the environment? What can it do to overcome such problems? Give examples to support your views.