Competitve advantage - Study guides, Class notes & Summaries

barrier to entry - ANSWER-conditions that create disincentives for a new firm to enter an industry competitive analysis grid - ANSWER-a tool for organizing the information a firm collects about its competitors to see how it stacks up against its competitors, provide ideas for markets to pursue, and identify its primary sources of competitive advantage competitve intelligence - ANSWER-the information that is gathered by a firm to learn about its competitors competitor analysis - ANSWER-a...

BCOR 2304 Midterm Exam Study Guide Strategic management - Answer️️ -is the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. strategy - Answer️️ -is a set of goal-directed actions a firm takes to gain and sustain superior performance relive to competitors Good Strategy - Answer️️ -enables a firm to achieve superior performance and sustainable competitive advantage relative to competitors Three elements...

what is strategic management? correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management correct answers analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic m...

Principles of Marketing CLEP Latest Version Already Passed Marketing concept The marketing management philosophy that holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering desired satisfactions more effectively and efficiently than competitors. Six Primary Marketing functions Environmental Analysis Consumer Analysis Product Planning Price Planning Promotion Planning Physical Distribution (Place) Planning Marketing mix The 4 P's o...

PRINCIPLES OF COACHING FINAL EXAM WITH CERTIFIED SOLUTIONS three selves ideal- person you would like to be public- the image you believe others have of you real- the authentic you Recreational vs competitve recreational: fun, learning, participation by all competitive: winning, performance, participation by the best 3 styles of coaching 1. command style: the dictator 2. submissive style: the baby sitter 3. cooperative style: the teacher A mediocre coach___, A good coach ____, A superior coa...

What is Strategic management? - process to formulate and implement a strategy. What is a strategy? - A set of goal directed actions a firm takes to gain and sustain a competitve advantage. Elements of a good strategy (Analysis) - diagnosis of the competitive advantage Elements of a good strategy (Formulation) - guiding policy to adress competitive advantage Elements of a good strategy (Implementation) - a set of coherent actions to implement the firm's guiding policy What is competitive...

HRM 361 Final Exam Questions with All Correct Answers Understand the components of total rewards and more specifically, the components of pay; - Answer-Total rewards include direct pay. base salary, variable pay, promotional increases. Indirect pay - benefits, training and recognition. Because it is typically a company's most significant investment, the management of total rewards should be part of the overall strategic business plan. A first step in assessing total reward offerings begins b...

IFSM 300 - QUIZ 1 Questions With Complete Solution Knowledge workers - CORRECT ANSWER People who spend most of their workday creating, using, and distributing information. roles of IS in business - CORRECT ANSWER Information systems support an organization's business processes, operations, decision making, and strategies for competitve advantage. Support of business processes and operations - CORRECT ANSWER Using IT to reengineer business processes to suport e-business opera...

BSG Final Exam Marking Scheme(A+ GRADED) What do you do if competitve action is apparent? - ANSWER Undertake a threat analysis New competitve action > threat analysis > motivation and capability to respond > types of competitive actions > likelyhood of competitve reaction Threat Analysis - ANSWER An awareness of close competitors and the kinds of actions they may take What are close competitors determined by? - ANSWER ...

BPL 5100 - Quiz 1 what is strategic management? - Answer- the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - Answer- analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of st...