The Internal Environment – Chapter 4 of Mastering Strategic Management and Peloton article
(Short Answer/Mini-Essay – your submission should be approximately 500 – 600 words in total. Some questions might be answered in 30-40 words; other questions might require 100 words or more to answer. Feel free to use your judgement! )
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.
