What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?

1.What are the characteristics of a firm that is successfully pursuing a cost leadership strategy? 
2. Discuss four common problems that cause joint ventures to fail. 
3. Identify and briefly discuss three differences between strategy formulation and strategy implementation? 
4. What are the advantages and disadvantages of a divisional organizational structure? 
Your response should be at least 200 words in length for all four questions. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations