Question: Understanding the Chapter: What Do I Know? 1. What is strategic positioning, and what are the three principles that underlie it? 2. What are the

Understanding the Chapter: What Do I Know? 1. What is strategic positioning, and what are the three principles that underlie it? 2. What are the five steps in the strategic management process? 3. What are the tools that can help you assess a company's current reality? 4. Based on the SWOT of Toyota contained in this chapter, what advice would you give to CEO Akio Toyoda? 5. How is VRIO different from a SWOT analysis? 6. What are the three overall types of corporate strategy? 7. Describe how the BCG matrix and diversification are used to establish corporate-level strategy. 8. What are Porter's five competitive forces? 9. Explain Porter's four competitive strategies. 10. Describe Welch's questions for developing a business-level strategy. 11. In execution, what are the three core processes of business

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