WPC 480
Arizona State University
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WPC 480 Final Exam Questions With Complete Solutions
- Exam (elaborations) • 12 pages • 2023
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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? correct answer: It does not indicate how the company will accomplish its goals. 
 
Bubble Buddy is a company that manufactures hot tubs. Which of the following best illustrates a product-oriented vision for Bubble Buddy? correct answer: to be the pioneering manu...
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WPC 480 (FINAL) Questions With Complete Solutions
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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? correct answer: Can assess nothing about competitive advantage. 
 
Firms that outperform all their competitors must have a high quality strategy. correct answer: False 
 
It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even though the profitability of the firm has been...
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WPC 480 - Final Exam Questions With Complete Solutions
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sustainable competitive advantage correct answer: Competitors 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? correct answer: - Tech (*THIS IS A CRITICAL ONE) 
- Globalization 
- Pace of Change or speed 
- Dynamic and Uncertain market conditions 
- Growth of knowledge base and information 
 
Core competencies are correct answer: 1. Val...
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WPC 480 Final - Strategic Management- Questions- With Complete Solutions
- Exam (elaborations) • 33 pages • 2023
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Sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy 
 
How is sustainable competitive advantage created? correct answer: created through a value-creating strategy, based on core competencies 
 
critical strategic strategy correct answer: disruptive technology 
 
Disruptive technology correct answer: destroy value; create markets 
 
what is critical to strategic success? correct answer: Developing a shared vi...
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WPC 480 Final – Gomez – Questions – With Complete Solutions
- Exam (elaborations) • 64 pages • 2023
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merger correct answer: a strategy through which two firms agree to integrate their operations on a relatively coequal basis 
 
•AT&T and Time Warner -WarnerMedia (2018) 
•Chrysler and Fiat - FCA (2014) 
•Chrysler and Daimler - DaimlerChrysler (1998) 
•JP Morgan Chase (2000) 
•Exxon and Mobil - ExxonMobil (1996) 
 
acquisition correct answer: a strategy through which one firm buys a controlling, or 100 percent, interest in another firm with the intent of making the acquired firm a sub...
Too much month left at the end of the money?
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WPC 480 Chae Final| 105 Questions| With Complete Solutions
- Exam (elaborations) • 21 pages • 2023
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What is Corporate strategy? correct answer: Actions to sustain/gain comp. adv. in several industries and markets 
 
Where does corporate strategy compete? correct answer: 1)Industry value chain: vertical integration 
2)Product and services: diversification 
3)Geography (regional, national, global mkts) 
 
What is Vertical integration? correct answer: Process where several steps in production are controlled and owned by a single company 
 
Forward Integration correct answer: ex) pepsi concent...
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WPC 480 - Midterm - Gomez Spring – Questions- With Complete Solutions
- Exam (elaborations) • 55 pages • 2023
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Strategic Competitiveness correct answer: firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run 
 
Strategy correct answer: an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. 
 
competitive advantage correct answer: a firm has this when competitors are not able to imitate the value the firm's products create or to find it too expensive t...
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WPC 480 Midterm Questions With Complete Solutions
- Exam (elaborations) • 11 pages • 2023
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Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. correct answer: a. Flexibility 
b. Speed 
c. Innovation 
D. ALL OF THESE OPTIONS ARE CORRECT 
 
a. the industry's structural characteristics have little impact on a firm's performance over time. 
b. each firm is a unique collection of resources and capabilities. 
C. CAPABILITIES ARE HIGHLY MOBILE ACROSS FIRMS. 
d. differences in resources and capabilities are the basi...
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WPC 480: M1-M13 Questions With Complete Solutions
- Exam (elaborations) • 13 pages • 2023
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The purpose of strategy in business is to do what? correct answer: To create and provide the business with sustainable competitive advantage 
 
The difference between strategic decisions and tactical decisions is one of degree. The characteristics that differentiate between a strategic decision and a tactical decision is based on which of the following. correct answer: Amount of available resources consumed by the decision, Ability to reverse the decision and Temporal implication consequences ...
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WPC 480 Final Exam Questions With Complete Solutions
- Exam (elaborations) • 11 pages • 2023
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If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally correct answer: stake out a unique position within the industry. 
 
Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments? correct answer: strategy analysis 
 
While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in. By doing this, what type of strategy did ...
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