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Discuss each question in detail. What is the difference between Internal Value Chain and Industry Value Chain? Under what conditions are Joint Ventures a useful

Discuss each question in detail.

  1. What is the difference between Internal Value Chain and Industry Value Chain?
  2. Under what conditions are Joint Ventures a useful way to enter new industries?
  3. How might a company configure its strategy making processes to reduce agency problems that may arise between the agents and principals?
  4. When would a company choose a matrix structure, divisional structure? What are the problems associated with managing these types of structures?

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