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 11 - Exam Questions 1. Can a culture help or hinder the execution of a firm's strategy? Explain. 2. How can changes in leadership or strategy be initiated? Is this an easy or difficult process? Explain. 3. Is a change in strategy difficult to execute? Explain. 4. Is it possible to shape an organization's culture? If so, how can it be done? 5. Which approach to leadership is most effective, a transactional style or a transformational style? Explain