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Discuss core competencies and activities

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Question 1: How does an PESTAL Analysis assist in understanding the external environment of a firm? Be sure to define PESTAL. Are there any shortcomings when using this model to do an analysis? If yes, what are they?

Question 2: What is Porter's Five Forces Model? Define it and fully describe one of the forces. Which of these forces do you believe is the strongest? Why?

Question 3: Define and discuss core competencies, resources, capabilities, and activities. How do they relate and/or differ with each other? What are their roles in achieving a sustainable competitive advantage?

Question 4: What is a value chain? Define and describe it. Why is a value chain important?

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Reference no: EM132475963

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