Questions from Strategic Management


Q: What is the external environmental analysis process (four parts)? What

What is the external environmental analysis process (four parts)? What does the firm want to learn when using this process?

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Q: What are the seven segments of the general environment? Explain the

What are the seven segments of the general environment? Explain the differences among them

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Q: How do the five forces of competition in an industry affect its

How do the five forces of competition in an industry affect its profit potential? Explain.

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Q: What are the risks associated with the corporate-level strategic alliance

What are the risks associated with the corporate-level strategic alliance between Renault and Nissan? What have these firms done to mitigate these risks?

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Q: What is a strategic group? Of what value is knowledge of

What is a strategic group? Of what value is knowledge of the firm’s strategic group in formulating that firm’s strategy?

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Q: What is the importance of collecting and interpreting data and information about

What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?

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Q: Why is it important for a firm to study and understand its

Why is it important for a firm to study and understand its internal organization?

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Q: What is value? Why is it critical for the firm to

What is value? Why is it critical for the firm to create value? How does it do so?

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Q: What are the differences between tangible and intangible resources? Why is

What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences? Are tangible resources more valuable for creating capabilit...

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Q: What are capabilities? How do firms create capabilities?

What are capabilities? How do firms create capabilities?

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