Give an example of a company and its core competencies. When defining the core competencies for the company, argue how these core competencies/competencies pass Prahalad and Hamel's (1990) core competency test. Also, identify at least three different capabilities of the company and conduct a VRIN analysis (in table form). When identifying the capabilities or resources, be sure to identify and explain if these are resources OR capabilities.

Regarding core competencies, what is the difference between a resource and a capability? Elaborate. Please explain.

Chompas Group of Companies engaged RSM consultancy to draft performance strategy fortheir company. Assume you are a business development manager at Chompas Group of Companies, you have been tasked to account for the company funds spent on engaging RSM for consultancyservices. Evaluate the merits and demerits of using external consultancy services to the Letlole company management.

Propose a corporate strategy for the Coffee Merchant that will apply for the next 10 years.            Critically assess the competitive advantage of the company that their current strategy offers: Identify and evaluate the factors that contribute to their competitive advantage. Referring back to your analysis up to this point, identify at least 5 issues pertinent to the Coffee Merchant.         Identify an appropriate option that would be the basis of their new strategy in the light of the above Prioritise the issues and select two of them. Develop at least three options relevant for the corporate strategy. Assess these options as taught and create a proposal. Identify your final choice and discuss the impact it could have on at least three stakeholder groups.  Review the stages have been undertaken for this assessment have contributed insights that informed your proposal and why they were needed to ensure your proposal is robust. Make sure you demonstrate your understanding of…