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CSUN Strategic Business Internal Environment Questions

CSUN Strategic Business Internal Environment Questions

Question Description

I’m working on a business writing question and need an explanation and answer to help me learn.

The Internal Environment – Chapter 4 of Mastering Strategic Management and Peloton article

1. What are the four key characteristics that a  strategic resource may have? What is the difference between a strategic resource and an important resource?  Give an example of a strategic resource and an important resource  (refer to the Peloton article).

2. What type of advantage does a strategic resource provide? Does that advantage change if the resource has three instead of four of the key characteristics? Explain. 

3. What is the difference between a resource and a capability? What is a dynamic capability? Give an example of a capability  (refer to Peloton article).

4. Does Peloton have a competitive advantage? If so, is it a temporary or a sustained competitive advantage, and has it changed over time? Explain.