STR/581 – QUESTIONSAnswer the 8 questions below, each question must be a minimum of 200 words. Must be in APA format, please identify the questions on paper. Cannot accept more than 5% plagiarism, it will be submitted to TurnItIn.Must be answered in your own words, NO cut and pasted phrases or paragraphs — you can include the URL address so we can click and go to the site, but do not copy and paste (even with references and citations). This way we can avoid plagiarism as well as copyright issues.
BOOK: Hitt, Ireland & Hoskisson (2015). Strategic Management: Competitiveness & Globalization.: Concepts and Cases: 11th edition.
Chapter 3: The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages
Explain why firms need to study and understand their internal organization.Define value and discuss its importance.Describe the differences between tangible and intangible resources.
Chapter 5: Competitive Rivalry and Competitive Dynamics
Describe market commonality and resource similarity as the building blocks of a competitor analysis.Discuss factors affecting the likelihood a competitor will take competitive actions.Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.
Define organizational structure and controls and discuss the difference between strategic and financial controls.Describe the relationship between strategy and structure
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