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Value chain analysis and resource

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Reference no: EM133035439

Value Chain Analysis and Resource Based View are two important approaches for strategic analysis of a company. One focuses on value added at various steps of value chains, while other focuses on the importance and value of various kinds of resources. However one is not the alternative for the other when it comes to strategic analysis, but is complimentary. Explain how both of these concepts are useful and complimentary in strategic management process. In what ways is knowledge of industry life cycles helpful to the strategic management of organizations? How does the characteristics and essence of strategy differ for a business operating at various stages of its industry lifecycle? Illustrate with example.

Reference no: EM133035439

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