Briefly explain the four criteria for sustainability of competitive advantages.
Answer to relevant QuestionsUnder what conditions are employees and managers able to appropriate some of the value created by their firm? Using published reports, select two CEOs who have recently made public statements regarding a major change in their firm’s strategy. Discuss how the successful implementation of such strategies requires changes in the ...Why is it important for managers to recognize the interdependence in the attraction, development, and retention of talented professionals? Using the Internet, look up a company with which you are familiar. What are some of the policies and procedures that it uses to enhance the firm’s human and social capital? Explain why the industry life cycle concept is an important factor in determining a firm’s business-level strategy.
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