1. What are the advantages and disadvantages of discounted cash flow methods such as NPV and IRR? Why is the NPV technique considered by many to be the superior method for evaluation.
2. What is the difference between a strength, a competitive advantage, and a sustainable competitive advantage? What makes an ability (or set of abilities) a core competency? Why is it necessary to perform an external and internal analysis before the firm can a Delphi it's true core competencies?