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1- What are two approaches to identifying an organization's resources and capabilities? 2- Choose an industry (ex, manufacturing) and describe the value chain of the industry using the Porter's value chain framework? 3- Discuss the questions underlying the VRIO framework "Four Questions - Value - Does the resource enable the firm to exploit an opportunity or neutralize a threat? The evidence of a positive response to this question is usually that the resource somehow increases revenue or decreases cost. - Rarity - Is the resource rare? Is the resource rare enough that there is still scarcity in the marketplace for this resource? - Imitability - Is the resource costly to imitate? Specifically, is the resource so costly to imitate that no one would try to imitate it? - Organization - Is the firm organized in such a way that the resource can be exploited? 1 1- What are two approaches to identifying an organization's resources and capabilities? 2- Choose an industry (ex, manufacturing) and describe the value chain of the industry using the Porter's value chain framework? 3- Discuss the questions underlying the VRIO framework "Four Questions - Value - Does the resource enable the firm to exploit an opportunity or neutralize a threat? The evidence of a positive response to this question is usually that the resource somehow increases revenue or decreases cost. - Rarity - Is the resource rare? Is the resource rare enough that there is still scarcity in the marketplace for this resource? - Imitability - Is the resource costly to imitate? Specifically, is the resource so costly to imitate that no one would try to imitate it? - Organization - Is the firm organized in such a way that the resource can be exploited? 1