In this exercise, you'll want to do some reading/research on your own to understand 3 strategy schools: the Harvard school (Michael Porter), the Resource-based school (Edith Penrose; Jay Barney, Richard Rumelt) and Transaction Cost school (Oliver Williamson).

After doing some research, compare and contrast these 3 schools of thought.Answer the following:

1. How do they differ?
2. In what way are they alike?
3. Pick one of the schools, and summarize its key points of view.