Wpc 480 exam 1 - Study guides, Class notes & Summaries

WPC 480 Exam #1 Questions and Answers

WPC 480 EXAM #1 WITH 100% CORRECT ANSWERS ALREADY GRADED A+

Arrfelt Exam 1 WPC 480 Questions With Complete Solutions What factors are increasing in the global competitive landscape? (3) 1. 1. Market volatility and instability due to rapid pace of change in markets. a)what happens in 1 place quickly transfer. b) globalized flow of financial capital. 2. Strategic & operational complexity of global-scale competition 3. Expectations of better products and services. Decreasing factors in global competitive landscape (3) 1. time to adapt 2. traditio...

Strategy correct answers the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Strategic Management correct answers an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Competitive Advantage correct answers superior performance relative to other competitors in the same industry or the industry average. Sustainable Competitive Advantage correct answers outp...

Wpc 480 midterm 1 Exam Questions & Answers

AFI strategy framework correct answers A model that links three interdependent strategic management tasks—analyze, formulate, and implement—that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. PESTEL model correct answers A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factor...

WPC 480 Final Actual Exam Questions and CORRECT Answers 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

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 strategic management a set of goal directed actions a firm takes to gain and sustain superior performance relative to competitors strategy a strategy that enables a firm to achieve superior performance and contains three elements good strategy what are the three elements of a good strategy diagnos...

WPC 480 Exam #1 Questions With Complete Solutions Strategic Management Process -Environmental scanning -Strategy formulation -Strategy implementation -Strategy evaluation Intended strategy the outcome of a rational and structured top-down strategic plan Emergent strategy any unplanned strategic initiative, bubbles up from the bottom of the organization and can influence and shape a firm's overall strategy.