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While every firm has a culture, not all cultures are relevant for a decision maker or analyst. Under what conditions is it important to pay attention to culture? When is it less important to analyze the influence of culture?Discuss the idea of structural holes in the context of competitive strategy. How can you link network advantage to value creation and competitive advantage for firms enjoying favorable positions?All firms operate within an institutional environment of some kind. How do the common beliefs, values, and norms of behavior that characterize the institutional environment affect the ability of firms to pursue sustainable strategies? Are institutional influences always constraining can they ever promote competition and innovation?

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