What is the relevance of the resource-based view of the firm to strategic management in a global environment? How can value-chain analysis help identify a company’s strengths and weaknesses?

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Mintzberg, H. (1978). Patterns in Strategy Formulation. Management Science, 24(9), 934-948. http://www.jstor.org/stable/2630633

Question 1

What is the relevance of the resource-based view of the firm to strategic management in a global environment?

Question 2

How can value-chain analysis help identify a company’s strengths and weaknesses?