Views of organization internal environment

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1. Consider two theoretical views of an organization’s internal environment. First, explain the resource-based theory and its relevance to strategic management. Then, select one of the other theories (enactment, environmental determinism, institutional theory, or transaction cost economics) and compare and contrast it to the resource-based view. Which do you think best explains the internal environment? Why?

2. Compare and contrast qualitative and quantitative methods of analyzing risk. Is it important to conduct qualitative AND quantitative project risk analysis on every project? Why or why not? Discuss how you would use risk analysis when making decisions in your daily life, such as purchasing insurance, investing in stock market, changing jobs, etc.

Reference no: EM132186865

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