Instruction
Using at least 500 words and documenting any materials you use (outside of course materials), answer these questions:
Choose a strategic theory from Chapter 2 (Porter's Forces, Porter's Value Chain, the Resource-Based View of the Firm, or theories of hypercompetition).
(a) From there, explain the theory to me. This includes all working parts associated with the theory! If it helps, pretend you are teaching it to me! This might include providing examples to highlight your key points.
(b) Tell me the criticisms of the theory you selected and support WHY they are criticisms.
Please format using single spaced, no larger than 12 point font, standard margins.