Discussion Questions - Concepts in Strategic Management & BusinessPolicy

1. Explain how using an IFAS Table impacts the understanding of a company's internal resources and capabilities.

2. What is the relevance of the resource-based view of the firm to strategic management in a global environment?

3. How can value-chain analysis help identify a company's strengths and weaknesses?

4. In what ways can a corporation's structure and culture be internal strengths or weaknesses?

5. How might a firm's management decide whether it should continue to invest in current known technology or in new, but untested, technology? What factors might encourage or discourage such a shift?

Key Terms

Conglomerate structure
Core competencies
Corporate culture
Distinctive competencies
Economies of scale
Economies of scope
Functional structure
IFAS Table
Imitability
Organizational analysis
Organizational structures
Replicability
Strategic business units (SBUs)
Supply chain management
Tacit knowledge
Technological discontinuity
VRIO framework

NOTE: IT WILL BE 3 PAGES AND PUT THE CITATION AT THE END OF THE PAGE.