Wpc 480 2023 2024 exam - Study guides, Class notes & Summaries

WPC 480 Business Strategic Exam Review Questions and Passed answers 2023/2024 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 - Grow...

WPC 480 Exam 1 Questions & Answers 2023/2024 Ackbar, Inc. has had 40% growth in accounting profits for several years, and each new year has been the highest profits Ackbar has ever had. What can you conclude from this information about Ackbar's competitive advantage? - ANSWER-Competitive advantage cannot be assessed Firms that outperform their competitors have a high quality planned strategy. - ANSWER-False A firm may have negative profits for several years in a row and still decide ...

WPC 480 2023-2024 Exam Questions with All Correct Answers The ________ is a model that links strategy analysis, strategy formulation, and strategy implementation, which together helps managers plan and implement a strategy that can improve performance and result in competitive advantage. a. Sarbanes-Oxley Act b. Ansoff's growth strategy matrix c. AFI strategy framework d. stakeholder impact analysis - ANSWER c The AFI strategy framework is a model that links three interdependent ...

WPC 480 Final Exam Review Question and Verified answer 2023/2024 Reduction of competition can be accomplished through all of the following EXCEPT: A. Predatory alliances. B. Explicit collusion. C. Tacit collusion. D. Mutual forbearance. - correct answer a. Predatory alliances. A characteristic of the manager that may affect managerial discretion is his/her: A. Amount of industry experience. B. Level of education. C. Tolerance for ambiguity. D. Length of tenure. - correct a...

WPC 480 Final Certification Exam Questions and A+ answers 2023/2024 What is strategy? - correct answer an integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2-business analysis? - correct answer Internal and External. What are the 3 business strategies? - correct answer 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - correct answer Superior performance relative to other competitors in the same indu...

WPC 480 Final Certified Exam Questions and answers correct 2023/2024 Corporate Level Strategy - correct answer specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) Single-business diversification strategy - correct answer corporate level strategy wherein the firm generates 95% or ...

WPC 480 Final Exam Questions with complete Solutions | Latest 2023/2024

WPC 480 Midterm Exam Questions with Verified Answers | Latest 2023/2024 Strategic Competitiveness -- firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run Strategy -- an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. competitive advantage -- a firm has this when competitors are not able to imitate the value the firm's products create...

WPC 480 Exam 1 Questions with complete solutions | Latest 2023/2024 Strategic Management -- - integrative management - combines: Analysis, Formulation, and Implementation - designed to look for a companies competitive advantage - helps you think like a GM What is Strategy? -- - to Gain and Sustain Competitive Advantage - its a set of Goal-directed actions to gain and sustain Superior Performance What makes a Good Strategy? -- 1.Analyze firms External and Internal Environments 2. Strategy...