100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WPC 480 Exam #1 Questions and Answers $10.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. WPC 480
  4.  
  5. WPC 480

Exam (elaborations)

WPC 480 Exam #1 Questions and Answers
 7 views  0 purchase
  • Course
  • WPC 480
  • Institution
  • WPC 480

WPC 480 Exam #1 Questions and Answers

Preview 2 out of 6  pages

Document information

  • October 19, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wpc 480 exam 1 questions and answers

Written for

  • WPC 480
  • WPC 480

Seller

avatar-seller
millyphilip

Reviews received

Content preview

WPC 480 Exam #1 Questions and
Answers

Strategy ii- iiAnswers ii-An iiintegrated iiset iiof iigoal-directed iiactions iia iifirm iitakes iito iigain
iiand iisustain iicompetitive iiadvantages.


Vision ii- iiAnswers ii-What iido iiwe iiwant iito iiaccomplish?

Mission ii- iiAnswers ii-How iido iiwe iiaccomplish iiour iigoals? iiAnd iiwhat iido iiwe iido iito
iiaccomplish iiour iigoals?


Stakeholders ii- iiAnswers ii-organizations, iigroups, iiand iiindividuals. iiThey iican iiaffect iior
iiare iiaffected iiby iia iifirm's iiactions.


Competitive iiAdvantage ii- iiAnswers ii-superior iiperformance iirelative iito iiother
iicompetitors iiin iithe iisame iiindustry iior iithe iiindustry iiaverage.


Sustainable iiCompetitive iiAdvantage ii- iiAnswers ii-outperforming iicompetitors iior iithe
iiindustry iiaverage iiover iia iiprolonged iiperiod iiof iitime.


Competitive iiParity ii- iiAnswers ii-performance iiof iitwo iior iimore iifirms iiat iithe iisame iilevel

Strategic iiManagement iiProcess ii- iiAnswers ii--Environmental iiscanning
-Strategy iiformulation
-Strategy iiimplementation
-Strategy iievaluation

Intended iistrategy ii- iiAnswers ii-the iioutcome iiof iia iirational iiand iistructured iitop-down
iistrategic iiplan


Emergent iistrategy ii- iiAnswers ii-any iiunplanned iistrategic iiinitiative, iibubbles iiup iifrom
iithe iibottom iiof iithe iiorganization iiand iican iiinfluence iiand iishape iia iifirm's iioverall
iistrategy.


Realized iistrategy ii- iiAnswers ii-combination iiof iiintended iiand iiemergent iistrategy

PESTEL iiFramework ii- iiAnswers ii-Political iifactors: iiprocesses iiand iiactions iiof
iigovernment iibodies. iiLobbying, iipublic iirelations, iicontributions, iilitigations.


Economic iifactors: iimacro iieconomic iiclimates. iiGrowth iirates, iiemployment, iiinterest
iirates, iiprice iistability, iicurrency iiexchange iirates.

, Sociocultural iifactors:demographic iitrends,cultures, iinorms, iiand iivalues.

Technological iifactors: iiinnovations iiin iiprocess iiand iiproduct iitechnology

Ecological iifactors:involve iienvironmental iiissues ii(e.g., iiNatural iienvironment, iiglobal
iiwarming, iisustainable iieconomic iigrowth).


Legal iifactors:official iioutcomes iiof iipolitical iiprocesses ii(e.g., ii(de)regulations, iicourt
iidecisions, iilaws)


Competitive iiIndustry iiStructure ii- iiAnswers ii--Perfect iicompetition
-Oligopoly
-Monopolistic iicompetition
-Monopoly

Strategic iiGroups ii- iiAnswers ii-companies iiin iia iispecific iiindustry iithat iipursue iisimilar
iistrategies.
ii
Ex. iiwal-mart, iitarget, iifry's, iibashas
Ex. iicostco, iisam's iiclub

5 iiForces iiModel ii- iiAnswers ii--Power iiof iisuppliers
-Intra-industry iirivalry
-threat iiof iisubstitutes
-threat iiof iientrants
-Power iiof iibuyers

Core iiCompetencies ii- iiAnswers ii-Unique iistrengths iiallowing iia iifirm iito iidifferentiate iiits
iiproducts iiand iiservices iifrom iithose iiof iiits iirivals.


Ex. iiFacebook
iiIT iicapabilities
iiData iimining


Firm ii- iiAnswers ii-bundle iiof iiresources

-financial
-human
-organizational/societal
-physical

VRIO iiFramework ii- iiAnswers ii--Value--> iilower iicost/increase iivalue
-Rarity
-Imitability
-Organizational--> iisupportive iiof iiproduct iito iibe iisuccessful

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 millyphilip. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76747 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.99
  • (0)
  Add to cart