Do you agree with I/O theorists that external factors are more important than internal factors in a firm achieving competitive advantage? Explain both your and their position.
Answer to relevant QuestionsDefine, compare, and contrast the weights versus ratings in an EFE Matrix. Explain how Facebook, Twitter, and MySpace can represent a major threat or opportunity for a company. Why may it be easier in performing an internal assessment to develop a list of 80 strengths/weaknesses than to decide on the top 20 to use in formulating strategies. Illustrate how value chain activities can become core competencies and eventually distinctive competencies. Give an example for an organization you are familiar with. Is a capacity utilization rate of 50 percent good? Why?
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