WPC 480 Capstone Midterm Questions With Complete Solutions
7 views 0 purchase
Course
WPC 480
Institution
WPC 480
WPC 480 Capstone Midterm Questions With
Complete Solutions
average returns Equal to those an investor expects to earn from other investments with a
similar amount of risk
todays competitive markets 1. the global economy
2. globalization
3. rapid technological change
4. increasing import...
WPC 480 Capstone Midterm Questions With
Complete Solutions
average returns Equal to those an investor expects to earn from other investments with a
similar amount of risk
todays competitive markets 1. the global economy
2. globalization
3. rapid technological change
4. increasing importance of knowledge and people
global competitive landscape Increasing:
- market volatility and instability due to the rapid pace of change in markets
- blurring of market boundaries
- globalized flow of financial capital
- need for flexibility, speed, innovation, and integration in the use of technology
- strategic and operational complexity of global-scale competition
- rising product quality standards
Decreasing:
,WPC 480 Capstone Midterm Questions With
Complete Solutions
- traditional time for adapting to change
- traditional sources of competitive advantage
- traditional managerial mindset
strategic flexibility cope with fast moving markets, overcome organizational inertia
Firm Performance Determined primarily by two factors: favorable industry and specific
firm resources
IO Model Industrial Organization Model
- industry in which the firm chooses to compete will have a stronger influence on the firm's
performance than the choices made my managers
- how the firm will reach above-average returns
- environment-centric view of business performance
- nature v. NURTURE
- basis for Porter's Five Forces Model
example of competitive advantage erosion priceline- kayak, tripadvisor, cheap air
, WPC 480 Capstone Midterm Questions With
Complete Solutions
IO Model 1.) study external environment
2.) locate industry for high potential for above avg returns
3.) identify strategy
4.) develop and acquire skills and assets
5.) user firms strengths
Porter's Five Forces threat of entry, threat of substitute, supplier power, buyer power, and
competitive rivalry
Above average returns earned by produce same goods at lower costs (cost leadership)
produce different goods at a premium price (differentiation)
Resource Based Model -resource, capability (integrated set of resources) , and core
competence (source of competitive adv)
Capabilities become core competencies costly to imitate, rare, valuable, non substitutable
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.99. You're not tied to anything after your purchase.