Define what a firms value chain is. What role do resources and capabilities have in a
The set of business activities in which it engages to develop, produce, and market its products or
services. Each step requites the application and integrat
Identify and describe the influences on the five competitive forces in Porter's model.
Threat of New Entrants, Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of Substitute
Products of Services, Rivalry Among Existing Competitors
Identify the five tests Collis & Montgomery use to determine if a resource is strategically valuable.
-Its hard to copy
-It depreciates slowly -Its value is controlled by your company
- Its not easily substituted
-Its better than competitors similar resou