Explain what is involved in building capabilities internally. What steps are required? How much time does it take? How hard is it? Support your answer. p Flag question: Question 2 Question 225 pts An additional, and often very important motivating factor for adding new businesses is to complement and strengthen the market position and competitive capabilities of one or more of its present businesses. Explain and provide three examples. p Flag question: Question 3 Question 325 pts What three principles underlie the statistical thinking of Six Sigma quality control programs? p Flag question: Question 4 Question 425 pts Imagine that you are the manager of an aspiring multinational social media company. Identify and briefly explain two ways that your company could expand outside your domestic market to improve overall competitiveness. p Flag question: Question 5 Question 525 pts What is a blue-ocean strategy, what is its appeal, and what is its drawback? p Flag question: Question 6 Question 625 pts Benchmarking is defined as the process of identifying, studying, and implementing best practices in executing strategy. Suppose you are managing a local landscaping company. How would you justify the use of benchmarking for your business? p Flag question: Question 7