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WPC 480 Exam Bundle

Exam (elaborations) WPC 480 Final Exam Questions with Latest Update Exam (elaborations) WPC 480 Final Exam Questions with Verified Answers Exam (elaborations) WPC 480 Final Exam Questions with Verified Answers Exam (elaborations) WPC 480 Final Exam Questions with Verified Answers Exam (ela...

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Exam 1 WPC 480 Questions with Complete Solutions

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Strategic Options in Hypercompetitive Environment (5) - Answer-1. Global Economy 2. use of price quality positioning to build market presence. 3. creation of new knowledge and use of first-movers advantage. 4. Protection or invasion of stablished geographic or product markets. 5. Technologies ...

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WPC 480 - Chapter 3 Exam Questions and Answers

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A framework that categorizes and analyses and important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. - Answer-PESTEL Model 1. Growth Rates 2...

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WPC 480 - Chapter 10 Exam Questions and Answers

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The process of closer integration and exchange between different countries and peoples worldwide, made possible by falling trade and investment barriers, advances in telecommunications, and reductions in transportation costs. - Answer-Globalization A company that deploys resources and capabilitie...

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WPC 480 - Final Exam Questions and Answers

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sustainable competitive advantage - Answer-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? - Answer-- Tech (*THIS IS A CRITICAL ...

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WPC 480 (FINAL) Exam Questions with Latest Update

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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? - Answer-Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a...

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WPC 480 ASU Final Exam Questions and Answers

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The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: - Answer-external; internal What is the primary objective of a company strategy? - Answer-Achieving sustainable competitive advantage. Below are several statemen...

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WPC 480 Capstone Midterm Exam Questions with Correct Answers

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strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Strategic Competitiveness - Answer-formulating and implementing programmed actions to outperform competitors in the LT competitive advantage - Answ...

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WPC 480 Ch 1, 3-7 Exam Questions with Latest Update

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AFI strategy framework - Answer-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 - Answer-A framework ...

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WPC 480 Ch 11 Exam Questions and Answers

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Holacracy - Answer-Decision making is distributed through loose collections or circles of self-organizing teams Organizational design - Answer-Creating, implementing, monitoring and modifying the structure, processes and procedures of an organization (effectively translate chosen strategy into re...

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WPC 480 Ch1 Exam Questions and Answers

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

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WPC 480 Chapter 1 Exam Questions and Answers

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strategic competitiveness - Answer-achieved when a firm successfully formulates and implements a value-creating strategy strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage competitive advantage - An...

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WPC 480 Exam #1 Exam Questions and Answers

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Strategy - Answer-An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision - Answer-What do we want to accomplish? Mission - Answer-How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders - Answer-organization...

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WPC 480 Exam #2 Questions and Answers

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core competencies - Answer-unique strengths, embedded deep within a firm, that are critical to gaining and sustaining comp adv resources - Answer-any assets that a firm can draw on when formulating and implementing a strategy capabilities - Answer-Organizational and managerial skills necessary...

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WPC 480 Exam 1 Questions and Answer Latest Update

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In the final step of the stakeholder impact analysis, a firm... - Answer-decides a course of action to address the stakeholder's concerns Which of the following is an example of competitive parity? - Answer-A firm produces a similar number of wall clocks at a similar cost as its competitors ...

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WPC 480 Exam 1 Questions and Answers

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Which of the following statements about the social responsibilities of a business is accurate? - Answer-A firm's ethical responsibilities go beyond its legal responsibilities. Which of the following is an example of competitive parity? - Answer-A firm produces a similar number of wall clocks a...

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WPC 480 Exam 1 Questions and Answers

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Strategy - Answer-is the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors Strategy is a combination of plan and action oriented towards a goal AFI Framework - Answer-Analysis: External - the process of scanning and evaluating an organi...

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WPC 480 Exam 1 Questions with Verified Answers

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

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WPC 480 Exam 2 Questions and Answers Latest Update

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Vertical Integration - Answer-Deciding to make something in your value chain (meaning everything that it takes to get your product or service to a consumer) in house instead of outsourcing it or buying it on in the market Forward Integration- Deciding to make something in the value chain that is ...

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WPC 480 Exam 2 Questions with Latest Update

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Blue Ocean Strategy - Answer-- Successfully combining differentiation and cost-leadership activities - Uses value innovation to reconcile trade-offs (Between Differentiation & Cost Leadership) "Untapped Market Space" "Create additional demand" "Opportunity for Highly Profitabl...

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WPC 480 Exam Questions and Answers Latest Update

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competitive parity - Answer-2 or more firms that perform at the same level strategic positioning - Answer-a unique position within an industry that allows a firm to provide value to customers while controlling costs value creation - Answer-companies w/a good strategy are able to provide produc...

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WPC 480 Exam Questions with Verified Answers

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Ackbar, Inc. has had 40% growth in accounting profits for several years, and each new year has been the highest profits Ackbar has ever had. What can you conclude from this information about Ackbar's competitive advantage? - Answer-Competitive advantage cannot be assessed Firms that outperform...

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WPC 480 Final - Strategic Management Exam Questions with Correct Answers

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Sustainable competitive advantage - Answer-Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy How is sustainable competitive advantage created? - Answer-created through a value-creating strategy, based on core competencies critical strategic strategy - Answ...

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WPC 480 Final Exam – Questions and Answers

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Three dimensions of corporate strategy - Answer-1. Vertical Integration 2. Diversification 3. Geographic Scope Make or Buy continuum - Answer-Establishes the boundary of the firm. Arrangements between firms that involve the sharing of resources and capabilities with the intent of developing p...

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WPC 480 Final Exam Questions and Answers

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Strategic management - Answer-An integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Vision Statement - Answer-describes what organizations want to accomplish. How is a vision statement different than a mission statement?...

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WPC 480 Final Exam Questions with Complete Answers

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Merger - Answer-two firms agree to integrate their operations on a relatively co-equal basis ex: at&t and time warner JP Morgan chase Acquisition - Answer-Controlling 100% interest to make acquired firm a subsidiary business within its portfolio ex: Cisco Chase (Hostile) Takeover - Answe...

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WPC 480 Final Exam Questions with Complete Answers

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If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally - Answer-stake out a unique position within the industry. Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environmen...

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WPC 480 Final Exam Questions with Correct Answers

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

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WPC 480 Final Exam Questions with Correct Answers

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corporate strategy - Answer-The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously addresses where to compete along 3 dimensions (industry value chain, products/services, geography) vertical integration - Answer-the process in whi...

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WPC 480 Zhu Midterm Exam Questions with Correct Answers

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an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage - Answer-strategy a firm has a __________ __________ when it creates superior call for customers in ways that competitors are unable to imitate or find too costly to...

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WPC 480 Strategic Management Exam Questions and Answers

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

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WPC 480 Quiz Exam Questions and Answers

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when one party delegates decision-making responsibility to a second party for compensation it's called? - Answer-agency relationship Elected individuals whose primary responsibility is to act in the owners' best interest by formally monitoring and controlling the firm's top-level manager...

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WPC 480 Quiz 2 Exam Questions with Latest Update

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Three Standard Performance Dimensions - Answer-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 competitor...

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WPC 480 Quiz 1 Exam Questions with Latest Update

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A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy - Answer-Analysis Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over a prolonged period of time? - Answe...

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WPC 480 Midterm Exam Questions with Latest Update

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Strategic competitiveness - Answer-Achieved when a firm creates and applies a strategy that creates value, this is not lasting, you need to be in the shoes of the competitor. Competitive advantage - Answer-When a firm formulates and implements a set of strategies to keep customers coming back C...

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WPC 480 MIDTERM EXAM QUESTIONS WITH CORRECT ANSWERS

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Strategic Competitiveness - Answer-achieved when a firm successfully formulates and implements a value-creating strategy Strategy - Answer-integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - An...

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WPC 480 Midterm Exam Questions with Complete Solutions

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The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - Answer-False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Cha...

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WPC 480 Midterm Exam Questions and Answers

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strategic competitiveness - Answer-achieved when a firm successfully formulates and implements a value creating strategy strategy - Answer-an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage competitive advantage -...

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WPC 480 Midterm CH1 Exam Questions and Answers

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strategic management is a(n) _____ field - Answer-Integrative Management Strategic Management Combines ____ , _______, and _____ in the quest for competitive advantage. - Answer-Analysis, formulation, and implementation A good strategy is based on three elements - Answer-1 - a diagnosis of the...

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WPC 480 Midterm 2 Exam Questions with Latest Update

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corporate strategy - Answer-determining boundaries of a firm (scope of a firm) Where to compete? Vertical Integration - Answer-process in which several steps in the production and/or distribution of a product or service are *controlled and owned by a single company* forward integration - Answe...

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WPC 480 Midterm 1 Exam Questions and Answers

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Strategy - Answer-Set of goal directed actions to gain and sustain a competitive advantage Vision - Answer-what they want to accomplish Mission - Answer-How they want to accomplish it Values - Answer-what commitments do we make, how can we act legally and ethically Competitive advantage ...

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WPC 480 Final Exam with Complete Solutions

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Corporate Level Strategy - Answer-specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) ...

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WPC 480 Final Exam Questions with Verified Answers

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Soil and Sod Gardening Supplies has a vision of helping every American learn how to grow their own food. Its management team recently unveiled the mission statement "A garden at every home." What is wrong with this mission statement? - Answer-It does not indicate how the company will accomplis...

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WPC 480 Final Exam Questions with Verified Answers

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Which of the following is the best definition of corporate strategy? - Answer-A firms attempt to gain a competitive advantage while operating in several different industries or markets simultaneously. by definition, is a strategy for managing several businesses within the same firm. The hope is alw...

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WPC 480 Final Exam Questions with Verified Answers

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Bell Ring Brands is a manufacturer of educational toys for children. Six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. Three months ago, the company produced...

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