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MGT247 EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass

MGT247 EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass

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MGT247 Exam-Questions With Correct Answers/ 100% pass/ Expert Verified

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Competitive advantage - Superior performance relative to competitors or industry average Sustainable competitive advantage - Outperforming competitors over a prolonged period Accounting profitability - Measuring firm's financial performance through ROIC and ROR Return on invested capital (ROIC...

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Make or Buy (on exam as essay): - - costs in house < costs in market "make" - costs in market < costs in house "buy" Five reasons for alliance formation - Five reasons for alliance formation: 1.Strengthen competitive position 2.Enter new markets 3.Hedge against uncertainty 4.Access c...

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What is Strategic management? - process to formulate and implement a strategy. What is a strategy? - A set of goal directed actions a firm takes to gain and sustain a competitve advantage. Elements of a good strategy (Analysis) - diagnosis of the competitive advantage Elements of a good strategy...

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4 stages of innovation - Idea Invention Patent Innovation Entrepreneurs-to drive out the product 5 stages of Industry life cycle - introduction growth shakeout maturity decline 5 stages of Industry life cycle: Introduction - barrier to entry is high (few firms in this phase)

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

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