Resource heterogeneity - Study guides, Class notes & Summaries

Strategic Management the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategy set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Three things for good strategy 1. diagnosis of competitive challenge 2. guiding policy to address competitive challenge 3. A set of coherent actions to implement the firm's guiding policy. competitive advan...

OTD QUESTIONS AND ANSWERS Munificence the extent to which the environment permits continuous growth a priori relating to or derived by reasoning from self-evident propositions (deductive) Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:04 / 0:15 Full screen Dynamism refers to the rate and type of change of organizational environments Complexity heterogeneity and range of an organization's activities (organic vs....

EPPP Sample Questions - I/O Psychology fully solved 2023- 2024 Fiedler's theory distinguishes between low-LPC (task-oriented) and high-LPC (person-oriented) leaders. A new selection test is apparently having an adverse impact on females. To determine if the adverse impact is being caused by "unfairness," you would check: A the predictor scores obtained by males and females. B the slopes of the regression lines for males and females. C to see if the language used in the test...

BSNS113 Latest 2023 Rated A+ economics study of how resources are managed in society scarcity limited means but unlimited wants three economic questions What to produce? How to produce? For whom to produce? incentives people react to changes in their economic environment. Changes in price or incomes cause people to act differently economic costs opportunity cost. The total net value of the next best alternative forgone when making a decision. Opportunity cost formula OC of activity A = tota...

MGMT Ch 4 Exam Questions With 100% Correct Answers 2024/2025 Cartech Inc. is a manufacturer of automobile parts, which it sells to retail auto supply stores. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. To sustain its competitive advantage, Cartech should first A) seek to replicate its nearest competitor's competency in innovative marketing. B) attempt to cut costs by replacing assembly line workers ...

HFT 3240 Exam 1 | Questions and Answers True or false: Embassy Suites, Waldorf Astoria, Residence Inn, and Hampton Inns are all Hilton Brands. False, they do not own the Residence Inn it's owned by Marriot True or false: With Hilton Honors you can earn airline miles. True True or false: The Hilton Brand is connected to around 500,000 rooms. True True or false: The CRM initiative started by Hilton in 2002 states that: Customers Really Matter. True True or false: The Mobley Hotel was founded by...

MGMT Ch 4 Exam Questions With 100% Correct Answers 2024/2025 Cartech Inc. is a manufacturer of automobile parts, which it sells to retail auto supply stores. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. To sustain its competitive advantage, Cartech should first A) seek to replicate its nearest competitor's competency in innovative marketing. B) attempt to cut costs by replacing assembly line workers ...

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? Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. 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 negative for several ye...

WPC 480 Chapter 4 Exam With Complete Solutions Core competencies - answerUnique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage. Resources - answerAny assets that a firm can draw on when formulating and implementing a strategy. Capabilities - answerOrganizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically. Activities - answerDistinct and fine-grained business processes th...

CIPS L4M1 - Question & Answer Past exam questionsO1. Outline FIVE differences between purchasing goods and purchasing services. - correct answer 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Expla...