WPC 480 Final Exam Correct 100% Complete EXAM BUNDLE

What is Strategy? - ANSWERWhat you will and will not do Strategy Definition - ANSWERIntegrated and coordinated set of actions that exploit core competencies Competitive Advantage - ANSWERSomething you do better than anyone else Sustainable Competitive Advantage Components (GOING TO BE A SHO...

corporate-level strategy - ANSWERspecifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets economies of scope - ANSWERcost savings a firm creates by successfully sharing resources and capabilitie...

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? - ANSWERIt does not indicate how the company will accomplish its...

Corporate Strategy - ANSWERSThe decisions and actions taken to gain and sustain competitive advantage in several industries and markets simultaneously Corporate Strategy addresses where to compete along what 3 dimensions? - ANSWERSIndustry Value Chain through vertical integration Product and S...

Corporate Level Strategy - ANSWERspecifies 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.) Si...

sustainable competitive advantage - ANSWERSCompetitors 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? - ANSWERS- Tech (*THIS IS A CRITICAL ON...

corporate strategy - ANSWERThe 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 - ANSWERthe process in which...

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

Corporate-Level Strategy - ANSWERWhat businesses should the firm be in? How should the corporate office manage those businesses? Units should be worth more under the firm umbrella- Synergies Two Levels of Strategy - ANSWERBusiness-level Strategy - Selecting strategy (e.g. cost leadership and di...

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