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WPC 480 Exam Questions and Answers
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WPC 480 Exam Questions and Answers
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WPC 480 Exam Questions and AnswersStrategic iiManagement ii- iiAnswers ii-the iiintegrative iimanagement iifield iithat iicombines
iianalysis, iiformulation, iiand iiimplementation iiin iithe iiquest iifor iicompetitive iiadvantage.
Strategy ii- iiAnswers ii-set iiof iigoal-directed iiactions iia iifirm iitakes iito iigain iiand iisustain
iisuperior iiperformance iirelative iito iicompetitors.
Three iithings iifor iigood iistrategy ii- iiAnswers ii-1. iidiagnosis iiof iicompetitive iichallenge
2. iiguiding iipolicy iito iiaddress iicompetitive iichallenge
3. iiA iiset iiof iicoherent iiactions iito iiimplement iithe iifirm's iiguiding iipolicy.
competitive iiadvantage ii- iiAnswers ii-firm iithat iiachieves iisuperior iiperformance iirelative
iito iiother iicompetitors iiin iithe iisame iiindustry iior iithe iiindustry iiaverage
sustainable iiadvantage ii- iiAnswers ii-A iifirm iithat iiis iiable iito iioutperform iiits iicompetitors
iior iithe iiindustry iiaverage iiover iia iiprolonged iiperiod iiof iitime
competitive iidisadvanatge ii- iiAnswers ii-firm iiunderperforms iiits iirivals iior iithe iiindustry
iiaverage
industry iieffects ii- iiAnswers ii-describe iithe iiunderlying iieconomic iistructure iiof iithe
iiindustry.
firm iieffects ii- iiAnswers ii-attribute iifirm iiperformance iito iithe iiactions iimanagers iitake.
Stakeholder iistrategy ii- iiAnswers ii-integrative iiapproach iito iimanaging iia iidiverse iiset iiof
iistakeholders iieffectively iiin iiorder iito iigain iiand iisustain iicompetitive iiadvantage.
corporate iisocial iiresponsibility ii(CSR). ii- iiAnswers ii-1. iiphilanthropic: iicorporate
iicitizenship
2. iiethical: iido iiwhat iiis iiright
3. iilegal
4. iieconomic: iigain/sustain iicompetitive iiadvantage
AFI iiframework ii- iiAnswers ii-1. iiAnalyze
2. iiFormulate
3. iiImplement
A iisuccessful iistrategy iirequires iithree iiintegrative
management iitasks: ii- iiAnswers ii-analysis, iiformulation, iiand
implementation.
, competitive iiparity ii- iiAnswers ii-firms iithat iiperform iiat iithe iisame iilevel
Which iiare iiboth iiare iirelevant iiin iidetermining iifirm
performance. ii- iiAnswers ii-firm iiand iiindustry iieffects iiare iiinterdependent
A iifirm's iiperformance iiis iimore iiclosely iirelated iito ii- iiAnswers ii-managers iiactions ii(firm
iieffects)
Three iicomponents iiare iicritical iito iievaluating iiany
good iior iiservice: ii- iiAnswers ii-1. iiValue
2. iiPrice ii
3. iiCost
To iimeasure iicompetitive iiadvantage, iiwe iimust iibe
able iito ii- iiAnswers ii-(1) iiaccurately iiassess iifirm iiperformance,
and ii(2) iicompare iiand iibenchmark iithe iifocal iifirm's
performance iito iiother iicompetitors iiin iithe iisame
industry iior iithe iiindustry iiaverage.
Investors iiare iiprimarily iiinterested iiin ii- iiAnswers ii-in iitotal iireturn iito iishareholders,
iiwhich iiincludes iistock iiprice iiappreciation iiplus iidividends iireceived iiover iia iispecific
iiperiod.
Economic iivalue ii- iiAnswers ii-value ii- iicost
Three iidimensions iithat iimake iiup iithe iitriple iibottom iiline ii- iiAnswers ii-economic- iiprofits
social- iipeople
ecological- iiplanet
PESTEL ii- iiAnswers ii-Political
Economic
Social iiculture
Technology ii
Ecological
Legal
Porters iiFive iiForces ii- iiAnswers ii-1. iiThreat iiof iientry
2. iiPower iiof iiSuppliers
3. iiPower iiof iibuyers
4. iiThreat iiof iisubstitutes
5. iiRivalry
Perfect iicompetitive iiindustry ii- iiAnswers ii-a iibunch iiof iismall iifirms
commodity iiproduct
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