strategic mgmt hw

Questions to prepare for the Midterm: 1. List and describe the four business -level strategies: Cost leadership strategy, differentiation strategy, focused cost leadership strat egy, and focused differentiation strategy. For each type of strategy, l ist three companies that have adopted it. 2. Having valuable, rare, and hard to imitate resources/capabilities may be advantageous in doing business. What is the problem with try ing to maintain that advantage? 3. Identify three resources, three capabilities, and three core competencies of an orga nization with which you are f ami liar, and describe each one with your own words. 4. Define and explain the Resource -based View (RBV). Why is the RBV important for today ’s companies? 5. You are a CEO of a company that has the following weaknesses: - Weak brand imag e or reputation . - Short on financial resources to grow the business and pursue promising initiatives. - Higher overall unit costs relative to key competitors. - No well -developed core competencies.  List and d iscuss three ways, actions, activities that you would perform as a CEO to address the above four weaknesses.