Question: Chapter 5 - Review questions 1. Explain Barney's framework for sustainable competitive advantage. 2. What is the difference between explicit and tacit Knowledge - which

Chapter 5 - Review questions 1. Explain Barney's framework for sustainable competitive advantage. 2. What is the difference between explicit and tacit Knowledge - which one is most important to developing a sustainable competitive advantage. 3. Explain the concept of a value chain. 4. Define corporate culture 5. Provide a detailed explanation of the product life cycle. Chapter 6 - Review questions 1. Explain what is the SWOT analysis 2. What are some of the key criticism of the SWOT analysis 3. In this chapter we discuss several strategies. Please explain and contrast the cost leadership strategy and the differentiation strategy. 4. Explain the defense between a fragmented and a consolidated industry. 5. Why would competitors engage in a cooperative strategy? Be sure to define cooperative strategies and why organizations use them. 6. What is corporate collusion

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