This is just a study guide, not an actual exam. Please answer questions to help me study.

1. Can the direction of a strategic change affect how difficult the change will be to implement? Why or why not? 2. Should prospective competitive responses to a strategic change be considered before the change is adopted? Explain. 3. What is the value chain, and why is it important? 4. What are the key physical resource considerations for the firm? Why are they important? 5. What four categories of alternatives can be generated from the SW/OT matrix? Provide an example of each. Chapter 10 - Exam Questions 1. Compare and contrast tall and flat organizations. 2. Explain the concept of Centralized vs. Decentralized organizations. 3. Ideally, a firm allocates its resources to develop a structure to enact and support its strategy - however, this is often not the case. Why? 4. What is a functional structure? Why is it so common? 5. What is a matrix structure? When is it appropriate and inappropriate? 6. What is corporate restructuring? When should it be employed, and why