Competitive disadvantage - Study guides, Class notes & Summaries

strategic management - correct answer integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy - correct answer the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors good strategy - correct answer enable a firm to achieve superior performance relative to its competitors. Consisted of 1) a diagnosis of the competitive challenge. 2) a guiding policy t...

SEVI 3013 Exam 2- Uark Latest Update 100% Pass Strategic Action a market-based move that involves a significant commitment of organizational resources and is difficult to implement and reverse Tactical action a market-based move that is taken to fine-tune a strategy; it involves fewer resources and is relatively easy to implement and reverse Competitive Action a strategic or tactical action the firm takes to build or defend its competitive advantages or improve its market position Competitive...

MARKETING 311 Chapter 4 | Answered with complete solutions With the recent explosion of information technologies, ________. A) most marketing managers are overloaded with data and often overwhelmed by it B) most marketing managers are concerned solely about the duplication of content C) companies have ceased to feel the need for marketing information systems D) companies have ceased to maintain internal databases E) it has become more difficult and expensive to obtain primary data The real val...

What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a benchmark. What is sustainable...

Business Strategy Midterm (3) PASSED Exam Questions and CORRECT Answers According to the value-price-cost framework, deploying a differentiation strategy involves costs that might well exceed those of the average competitor, but with a successful differentiation strategy, that disadvantage is more than made up for by - a rise in the perceived value of the differentiated good, giving the differentiator a clear competitive advantage over the average rival. Under Armour, a multinational...

WPC 480 definitions ch 1-6 Exam With Complete Solutions an integrative management field that combines analysis, formulation and implementation in the quest for competitive advantage - answerstrategic management a set of goal directed actions a firm takes to gain and sustain superior performance relative to competitors - answerstrategy a strategy that enables a firm to achieve superior performance and contains three elements - answergood strategy what are the three elements of a good stra...

ANTH 411 Exam 3 Question and answers already passed 2024/2025 ANTH 411 Exam 3 Identity - correct answer Ways in which people come to define themselves. Either by choice or ascription. What makes up identity? - correct answer Age, ethnicity, nationality, profession, vocation, religion, politics, gender, sexuality, body, and relationships. Situational negotiation of identity - correct answer One of your identities will take precedent over the other depending on the context Inter...

WPC 480 Final Exam Questions & Answers 2023/2024 What is strategy? - ANSWER-An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - ANSWER-Internal and External. What are the 3 business strategies? - ANSWER-1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - ANSWER-Superior performance relative to other competitors in the same industry or the industry average. How do you asses...

Corporate Strategy The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversification Geography: regional, national, or global markets Vertical Integration The process in which several steps in the production and/or distribution of a product or service are controlled an...

Economics of Accounting Info Financial statements are Demanded because of their value as a source of info about company performance, financial condition, and resource stewardship. The Supply of financial info is guided by the costs of producing and disseminating it and the benefits it will provide the company. Demand for Financial Statements Shareholders/Inventors: Investment decisions, proxy contests Managers/employees: Performance assessment, compensation contracts, company sponsored pensio...