Please answer with a minimum of 150 words each question.
1.What is value? Why is it critical for the firm to create value? How does it do so?
2.What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences?
3.Are tangible resources more valuable for creating capabilities than are intangible resources, or is the reverse true? Why?
4.Who are competitors? How are competitive rivalry, competitive behavior, and competitive dynamics defined in the chapter?
5.How do awareness, motivation, and ability affect the firm’s competitive behavior?
6.What factors affect the likelihood a firm will take a competitive action?
7.What competitive dynamics can be expected among firms competing in slow-cycle markets? In fast-cycle markets? In standard-cycle markets?
8.What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?
9.What does it mean to say that strategy and structure have a reciprocal relationship?
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