1. What is value chain analysis? What does a firm gain when it successfully uses this tool?

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter8: Strategy Formulation And Execution
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Questions:
1. What is value chain analysis? What does a firm gain
when it successfully uses this tool?
2. How do firms identify internal strengths and
weaknesses?
3. What are the differences between tangible and
intangible resources? Why is it important for decision
makers to understand these differences?
4.using VRIO framework to analyze the firm's resources
and capability
Transcribed Image Text:Questions: 1. What is value chain analysis? What does a firm gain when it successfully uses this tool? 2. How do firms identify internal strengths and weaknesses? 3. What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences? 4.using VRIO framework to analyze the firm's resources and capability
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