WPC 480 (with A+ Graded solutions)

Three Standard Performance Dimensions correct answers 1. What is the firm's ACCOUNTING PROFITABILITY? 2. How much SHAREHOLDER VALUE does the firm create? 3.How much ECONOMIC VALUE does the firm generate? Since competitive advantage is defined as superior performance RELATIVE to other compe...

Strategy correct answers the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Strategic Management correct answers an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advant...

What is strategy? correct answers An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? correct answers Internal and External. What are the 3 business strategies? correct answers 1) Cost, 2) Differentiation, 3) Inno...

Strategic Management correct answers - integrative management - combines: Analysis, Formulation, and Implementation - designed to look for a companies competitive advantage - helps you think like a GM What is Strategy? correct answers - to Gain and Sustain Competitive Advantage - its a set...

AFI strategy framework correct answers A model that links three interdependent strategic management tasks—analyze, formulate, and implement—that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. PESTEL model correct answer...

Strategic Management correct answers the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategy correct answers set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors...

Corporate Strategy correct answers The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? correct answers Where to compete on 3 dimensions: Industry value chain: vertical integration Produc...

(Restructuring Strategy #1/3) Downsizing correct answers a reduction in the number of a firm's employees and, sometimes, in the number of its operating units, but it may or may not change the composition of businesses in the company's portfolio. (Restructuring Strategy #2/3) Downscoping correct...

Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? correct answers Can assess nothing about competitive advantage. Firms that outperform all their competitors must h...

Corporate Strategy correct answers The decisions and actions taken to gain and sustain competitive advantage in several industries and markets simultaneously Corporate Strategy addresses where to compete along what 3 dimensions? correct answers Industry Value Chain through vertical integration ...

sustainable competitive advantage correct answers Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy Is created through a value-creating strategy, based on core competencies. What are some strategic challenges businesses face? correct answers - Tech (*THIS IS...

a. Flexibility b. Speed c. Innovation D. ALL OF THESE OPTIONS ARE CORRECT correct answers Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. a. the industry's structural characteristics have little impact on a firm's...

Strategic Competitiveness correct answers firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run Strategy correct answers an integrated and coordinated set of commitments and actions designed to exploit core competencies an...

Firms operating in the same market, offering similar products and targeting similar customers are competitors. a. True b. False correct answers True Competitive rivalry is the contest to be the first mover in an international market. a. True b. False correct answers False Competitive...