What does the resource-based model suggest a firm should do to earn above- average returns?
Answer to relevant QuestionsWhat are vision and mission? What is their value for the strategic management process? What is Brazil’s strategy? What is the external environmental analysis process (four parts)? What does the firm want to learn when using this process? Who might be in BP’s strategic group and why? 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?
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