Name: ADMN 4606N Module 7 Answer from Ch 5 two pages maximum by inserting answers: 1. How does the resource-based view of the firm provide a superior means of evaluating a company's competitive advantage? 3. What is the relevance of the resource-based view of the firm to strategic management in a global environment? 4. How can value-chain analysis help identify a company's strengths and weaknesses? 6. What are the pros and cons of management's using the experience curve to determine strategy? 7. How might a firm's management decide whether it should continue to invest in current known technology or in new, but untested, technology? What factors might encourage or discourage such a shift?