How do firms identify internal strengths and weaknesses? Why is it vital that managers have a clear understanding of their firm’s strengths and weaknesses?
Answer to relevant QuestionsWhat are core rigidities? What does it mean to say that each core competence could become a core rigidity? What is a business-level strategy? Is the differentiation strategy appropriate for Starbucks? Why or why not? Now or in the future? Describe Hyundai’s competitive behavior. How do firms create value when using a related diversification strategy?
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