Please, responnd to the follwing questions with as much details as possible. Thank you very much.

What is the main difference between a Penrosian view on strategy and Porter's approach?Discuss and use examples to illustrate your answer.

What are the characteristics of the value chain and how does the chain help us to understand strategy?Discuss and use examples to illustrate your answer.

- 'Strategies that are not resource-based are unlikely to succeed.'

Discuss and use examples to illustrate your answer.

-'Critically evaluate the value of Porter's generic strategies for understanding strategy'.

Discuss and use examples to illustrate your answer.

-Discuss the role of innovation in strategic management.

Use examples to illustrate your answer.

-Dynamic capabilities cannot generally be bought; they must be built.

Use examples to illustrate your answer.

Discuss how a bicycle product and/or service - if placed in a circular economic context - could improve its sustainable competitive advantage (SCA)?