Vrio analysis - Study guides, Class notes & Summaries

WPC 480 (FINAL) Complete Questions And Answers 100% Solved 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? - answerCan assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. - answerFalse It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even tho...

HRM Midterm Exam with Questions and Answers HRM is managing.... ANSWER ....human talent HRM activities are..... ANSWER .... planning, attracting, motivating, and developing Challenges in organization are.... ANSWER .... economic, technological, demographic, cultural, and legal Porters five forces model.... ANSWER -new entrants -substitutes -bargaining power of customers -bargaining power of suppliers -rivarly among firms For internal analysis you use.... ANSWER ..... VRIO V...

BUSA EXAM QUESTIONS WITH 100% CORRECT ANSWERS When the perceived value of a product increases - Answer- The firm's profitability increases resource heterogenety - Answer- means that bundles of resources and capabilities differ across firms _ refers to the idea that resource differences are difficult to replicate and don't move easily from firm to firm - Answer- resource immobility _ describes situation in which different social and business systems interact with each other - A...

BCOR 2304 Final Exam Questions and Answers Already Passed strategy a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity two or more firms perform at the same level strategic positioning position in industry that allows firms to provide value to customers, while controlling costs mission r...

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...

Strategy : The central integrated, externally oriented concept of how we will achieve our objectives; how an organization faced with competition will achieve superior performance Competitive advantage : conditions that allow a company to produce a product or service at a lower price or in a more desirable fashion Emergent vs Intended Strategy : The strategic management process leads managers to intended strategies, however conditions often change or new information becomes available -...

mission, objectives, external & internal analysis, strategic choice, strategy implementation, and competitive advantage - Answer Strategic Management Process: components in order Mission - Answer Defines the organization's purpose or reason for existence. Guides each step of the process. Objectives - Answer concrete and clear in action and/or target. Precise and measurable. External Analysis - Answer identify environmental opportunities and threats (SWOT) internal analys...

Define Industry correct answers group of producers of close substitutes Define Strategic Planning correct answers attempt to systematically examine the internal abilities of an organization and its external environment. Define SWOT correct answers Strengths, Weaknesses, Opportunities & Threats Regarding strategic planning, what does the question, "what do you want to accomplish?" relate to? correct answers missions & goals Regarding strategic planning, what does the question, "wha...

The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - Answer-False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - Answer-Supply Chain Mgt _______________________ is best described as the difference between the value a consumer attaches to a good and the cost to provi...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - answerSupply Chain Mgt _______________________ is best described as the difference between the...