1. Write short notes on
a. List Major Components of firm’s Internal environment relevant for Strategic Management
b. Cultural intensity
c. Cultural integration
d. Technological environment
e. Innovation
f. Entrepreneurship
g. Benefits of SWOT analysis
h. Pitfalls of SWOT analysis
i. List components of SWOT analysis
j. List components of Resource Based View
k. Competitive advantage
l. Key success factor
m. Key performance measure
n. Value Chain analysis
o. Organisational capability
p. List components of Strategic capability
q. Redundant vs. Dynamic capabilities
r. Threshold capability Vs. Distinctive capability
s. Strategic advantage
t. Core competency
u. List three factors suggested by Prahlad and Hamel for identifying Core competency
v. List hard Ss in McKinsey’s 7S framework
w. List soft Ss in mcKinsey’s 7S framework
2. State true or false
a) GAP analysis brings out the deficiencies in organisational capability to compete in the market place
b) McKinsey’s 7Ss Framework provides an operational control device as well as strategy implementation tool
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