Corporate Strategy And Investment Decision Questions 1. The industry life cycle is not a given; it is affected by the strategic decisions made by the firms in the industry. Give one or more examples of strategic decisions that can affect the dynamics of an industry. Explain how those strategic issues can be taken into account when valuing new investments. 2. The efficient internal capital markets theory proponents hold that conglomerate headquarters may add value by allocating funds for investment ions more efficiently than would the market in case all divisions were stand-alone units. Explain the logic of this argument. Give some successful and some less successful examples of this 3. Explain the differences between the "resource-based view of the firm" and the view of the firm as a nexus of contracts. What are the practical implications of these views? Are the two views compatible? 4. How does competition among different standards or platforms affect corporate decisions