The following are essay questions you need to study for the
final exam. This is 20% of the exam. You must answer only 4 of the 10. This
must be fully discussed to get full credit.
1.
Discuss the strategic management process, and
what is the outcome of the process?
2.
Explain sources of cost advantage
3.
What causes the differential low-cost access to
productive inputs?
4.
Discuss the three categories, that are the bases
of product differentiation?
5.
What is value chain and how do you create value
through vertical and horizontal integration?
6.
What are the three ways of creating value in
vertical integration?
7.
Discuss how VRIO creates sustained competitive
advantages for a firm.
8.
Discuss how in the three general corporate
diversifications works.
9.
What is strategic alliance and why are firms
motivated to use this strategy?
10.
Discuss how strategic alliances crate value.
You can choose any of the four questions to answer