1) Within a firm, when a core competency becomes a "seed of organizational inertia" (i.e. is no longer a source of competitive advantage), the following may result:

2) The concept stuck-in-the-middle refers to what industry-level phenomenon?

3) Firms employ the Balance Scorecard to solve what organizational tension?

4) How are firms, which employ a Low Cost (LC) business-level strategy, innovative? Briefly explain.

5) Describe and explain two factors in each of the specific and general environments, which prompted LVMH to acquire Gucci?