Discussion 2 - Evaluating the Firm's Resources & Capabilities

By the time this discussion closes, you will have seen several of the most important aspects of strategic management: what strategy is all about, the external environment and internal environments, intellectual assets, and business level strategy. This brings up a number of important topics for possible discussion, and I've chosen two that I'd like us to focus on during this discussion window.

A: This includes the significance of the external and internal environments on a company's value chain.

and

B: The difference between a supply chain and value chain, that is how does a supply chain evolve into a value chain.

Write a long and detailed explanation especially for A and B