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Wpc 480 midterm 1 Exam Questions & Answers
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Wpc 480 midterm 1 Exam Questions & Answers
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Wpc 480 midterm 1 Exam Questions &Answers
Strategy ii- iiAnswers ii-Set iiof iigoal iidirected iiactions iito iigain iiand iisustain iia iicompetitive
iiadvantage
Vision ii- iiAnswers ii-what iithey iiwant iito iiaccomplish
Mission ii- iiAnswers ii-How iithey iiwant iito iiaccomplish iiit
Values ii- iiAnswers ii-what iicommitments iido iiwe iimake, iihow iican iiwe iiact iilegally iiand
iiethically
Competitive iiadvantage iistrategy ii- iiAnswers ii-performing iisame iiactivities iidifferently
iiand iimore iiefficiently iithan iicompetitors
competitive iiadvantage ii- iiAnswers ii-superior iiperformance iirelative iito iicompetitors iiin
iisame iiindustry
sustainable iicompetitive iiadvantage ii- iiAnswers ii-outperforming iicompetitors iior iithe
iiindustry iiaverage iiover iia iiprolonged iiperiod iiof iitime
competitive iidisadvantage ii- iiAnswers ii-underperformance iirelative iito iiother
iicompetitors iiin iithe iisame iiindustry iior iithe iiindustry iiaverage
competitive iiparity ii- iiAnswers ii-performance iiof iitwo iior iimore iifirms iiat iithe iisame iilevel
stakeholders ii- iiAnswers ii-organizations, iigroups, iiand iiindividuals iithat iican iiaffect iior
iiare iiaffected iiby iia iifirm's iiactions
external iistakeholders ii- iiAnswers ii-suppliers, iisociety, iigovernment, iicreditors,
iishareholders, iicustomers
Internal iiStakeholders ii- iiAnswers ii-employees, iistockholders, iiboard iimembers
black iiswan iievents ii- iiAnswers ii-incidents iithat iidescribe iihighly iiimprobable iibut iihigh-
impact iievents ii(oil iispill, ii2008 iireal-estate iimarket)
Strategic iiManagement iiProcess ii- iiAnswers ii--successful iiuse iiof iipower iiand iiinfluence
ii
- iidirecting iiactivities iiof iiothers ii
- iipursuing iiorganizational iigoals ii
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