Bmgt 301 - Study guides, Class notes & Summaries

BMGT 301(Business Management) Final Review Summarized Notes and Study Guide University of Mary Land Global Campus.

operational effectiveness - Answer-performing the same task better than rivals perform them strategic positioning - Answer-performing different tasks than rivals, or the same tasks in a different way VRIS - Answer-valuable, rare, hard to imitate, difficult to substitute imitation resistant value-chains - Answer-a way of doing business that competitors struggle to replicate and that frequently involves technology in a key enabling role five primary components of the value chain - Answ...

Operational Effectiveness correct answer performing the same tasks better than rivals perform them Strategic positioning correct answer performing different tasks than your rivals, or performing the same tasks in a different way Competitive advantage correct answer The ability for a firm to outperform its competitors in financial measures Sustainable competitive advantage correct answer A factor or set of factors can lead to sustainable advantage if VRIS (valuable, rare, cannot imit...

BMGT 301 Final Exam With Complete Solutions 2024

1. Kenneth Lysons and Brian Farrington (2012); Purchasing and Supply Chain Management, Harlow, Esses; New York: Pearson Financial Times, 8th Edition. 2. Gareth Jones (2012), Organizational Theory, Design and Change : Global Edition, 7th Edition, Pearson. 3. Saleemi, N. A. and Bogonko, J. B. Management (Principles and Practices), Saleemi Publichers, Third Edition. 4. Kent, N. Gourdin (2006), Global Logistics Management-A competitive advantage for the 21st Century, Blackwell Publishing, 2...

1. Differentiate between operational effectiveness and strategic positioning Operational effectiveness – Performing the same tasks better than rivals perform them. “Sameness”. Strategic positioning – Performing different tasks than rivals, or the same tasks in a different way. 2. Differentiate between competitive advantage and sustainable competitive advantage Competitive Advantage – the ability of a firm to outperform its competitors in financial measures. Sustainable competitive...

1. Differentiate between operational effectiveness and strategic positioning Operational effectiveness – Performing the same tasks better than rivals perform them. “Sameness”. Strategic positioning – Performing different tasks than rivals, or the same tasks in a different way. 2. Differentiate between competitive advantage and sustainable competitive advantage Competitive Advantage – the ability of a firm to outperform its competitors in financial measures. Sustainable competitive...