The Internal Environment Ch 4 of Mastering Strategic Management Questions

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I need an explanation for this Marketing question to help me study.

 

The Internal Environment – Chapter 4 of Mastering Strategic Management

(Short Answer/Mini-Essay – your submission should be approximately 500 – 600 words in total. Some questions might be answered in 30-40 words; other questions might require 100 words or more to answer. Feel free to use your judgement! )

1. What are the four key characteristics that a strategic resource may have? What is the difference between a strategic resource and an important resource? Give an example of a strategic resource and an important resource (refer to either the Ford Q3 or Jeep articles posted on Canvas).

2. What type of advantage does a strategic resource provide? Does that advantage change if the resource has three instead of four of the key characteristics? Explain.

3. What is the difference between a resource and a capability? What is a dynamic capability? Give an example of a capability (refer to either the Ford Q3 or Jeep articles posted on Canvas).

4. What are the four main types of intellectual property? Give an example of each. (Feel free to use any source).

5. What is a value chain? How do primary and secondary activities differ? Give an example of a primary activity and a secondary activity (refer to either the Ford Q3 or Jeep articles posted on Canvas).

the pdf version of the book is to big, the link to the shared file via google mail is :

https://drive.google.com/file/d/1ggtQH9TyKMrIfiO1J…

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