Value chain analysis is used to identify and evaluate the competitive potential of a firm’s resources.
Please answer each question separately. Each question must be 250-300 words each. Please be plagiarism free and also, make sure sources are cited APA.
1. Over time rivals use their resources, capabilities, and core resources to form different value-creating propositions. Discuss why competitive advantages are not permanently sustainable. Explain why firms must maximize their current competitive advantage while simultaneously using their resources and capabilities to form new advantages. Include in your respond how Luke 14:28-30 guides us to maximize a competitive advantage by being a follower of Christ.
2. Value chain analysis is used to identify and evaluate the competitive potential of a firm’s resources. Firms consider outsourcing when they cannot create value in a value chain activity or a support function. Discuss value chain analysis activity and the considerations for outsourcing.