BSG Chapter 4 Questions and Answers
3 best indictors of how well a company's strategy is working
(1) whether the company is achieving its stated financial and strategic objectives (2) is an above-average industry performer (3) gaining customers and outcompeting one or more of its close rivals
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BSG Chapter 4 Questions and Answers
3 best indictors of how well a company's strategy is working - answer (1) whether the
company is achieving its stated financial and strategic objectives (2) is an above-
average industry performer (3) gaining customers and outcompeting one or more of its
close rivals
SWOT analysis - answer simple but not powerful tool for sizing up a company's
resource capabilities and deficiencies, its market opportunities, and the external threats
to its future well-being
(Strengths, market Weaknesses, Opportunities, external Threats)
resource strength - answer represent its competitive assets and are big determinants
of its competitiveness and ability to succeed in the marketplace
(competitive assets)
resource strength forms - answer - a skill, specialized expertise, or competitively
important capabilities
- valuable physical assets
- valuable human assets and intellectual capital
- valuable organizational assets
- valuable intangible assets
- achievement or attribute that puts company in a position of market advantage
- competitively valuable alliances or cooperative ventures
competence - answer when a company is performing an activity when, over time, it
gains the experience and know-how to perform an activity "consistently well and at
acceptable cost"
core competence - answer proficiently performed internal activity that is "central" to a
company's strategy and competitivenesses
- more important resource strength than a competence because it adds power to a
company's strategy and has a bigger positive impact on its competitive strength and
profitability
distinctive competence - answer competitively valuable activity that a company
"performs better than its rivals"
- represents a competitively superior resource strength
resource weakness - answer short comings that constitute competitive liabilities
value chain - answer identifies the primary activities it performs that create customer
value and the related support activities
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