I need help creating a study guide for this midterm: can you give me the guidelines and definitions for these points?

Strategy Class

1. With Industry Five Forces, be able to describe why a force is high, medium, and low.
2. Know how to conduct an internal analysis: functional analysis; resource analysis; value chain analysis; VRIO analysis; develop list of SWs. Interpret information from a case, complete frameworks, and summarize findings.
3. Identify the tools to use, and use the correct tools, to answer the question, does/how does this company deliver sustainable competitive advantage?
4. Describe the different kind of internal resources of a company. Be able to identify them, analyze them, and apply in VRIO chart: tangible, intangible, managerial, and organizational resources.
5. Be able to develop a strategic triangle from case information, accurately applying case information into the chart and then analyzing and interpreting the results.
6. Describe and define the difference between business strategy and corporate strategy.
7. Be able to identify alternative different business and corporate strategies. Know the pros and cons of using them. Select appropriate strategies and apply within a case scenario.
   1. Corporate:
      1. Directional: Growth (internal/external; horizontal/vertical; concentric/diversified); Stability; Retrenchment
      2. Portfolio: BCG Growth
   2. Business
      1. Competitive: Porters Generic Competitive strategies (cost leadership, cost focus, differentiation, focus differentiation)
      2. Cooperative: strategic alliances, joint ventures, licensing arrangements, value chain partnerships
8. Know how firms create value through diversification and different strategies for diversification.
9. Be able to define, describe, and apply Porters different competitive strategies that are used to create and sustain competitive advantages: differentiation, low cost, and niche/broad.
10. Be able to identify an industry in which a company is competing and analyze its five forces.
11. Be able to define, describe, and apply case study information into, the BCG matrix.
12. Be able to define, describe, and use all the strategic vocabulary we used discussed in class, to date.
13. Describe the difference between intended vs. realized strategies.