SEVI 3013 Final Exam UARK | 107
Questions with 100% Correct Answers |
Verified | Latest Update 2024
Industry - ✔✔a group of firms producing products that are close substitutes
Industry Environment - ✔✔The nature and direction of the economy in which a
firm competes or may compete
Porter's 5 Force Model - ✔✔- Threat of New Entrants
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitute Products
- Rivalry Among Competing Firms
,Strategic Groups - ✔✔A set of firms emphasizing similar strategic dimensions
and using similar strategies
How are Strategic Groups helpful? - ✔✔- For analyzing an industry's
competitive structure
- Can be helpful in diagnosing competition, positioning, and the profitability of
firms competing within an industry.
Resources - ✔✔A source of supply or support
Tangible Resources - ✔✔assets that can be observed and quantified
(Financial, Physical, Technological, Organizational)
, Intangible Resources - ✔✔assets that are rooted deeply in the firm's history,
accumulate over time, and are relatively difficult for competitors to analyze and
imitate (Human, Innovation, Reputation)
Capabilities - ✔✔represent the capacity to deploy resources that have
been purposely integrated to achieve a desired end state
Core Competencies - ✔✔Resources and capabilities that are the source of a
firm's competitive advantage that distinguish a firm competitively and reflect its
personality
VRIO Framework - ✔✔Valuable
Rare
Costly to Imitate
Organized to capture value
Questions with 100% Correct Answers |
Verified | Latest Update 2024
Industry - ✔✔a group of firms producing products that are close substitutes
Industry Environment - ✔✔The nature and direction of the economy in which a
firm competes or may compete
Porter's 5 Force Model - ✔✔- Threat of New Entrants
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitute Products
- Rivalry Among Competing Firms
,Strategic Groups - ✔✔A set of firms emphasizing similar strategic dimensions
and using similar strategies
How are Strategic Groups helpful? - ✔✔- For analyzing an industry's
competitive structure
- Can be helpful in diagnosing competition, positioning, and the profitability of
firms competing within an industry.
Resources - ✔✔A source of supply or support
Tangible Resources - ✔✔assets that can be observed and quantified
(Financial, Physical, Technological, Organizational)
, Intangible Resources - ✔✔assets that are rooted deeply in the firm's history,
accumulate over time, and are relatively difficult for competitors to analyze and
imitate (Human, Innovation, Reputation)
Capabilities - ✔✔represent the capacity to deploy resources that have
been purposely integrated to achieve a desired end state
Core Competencies - ✔✔Resources and capabilities that are the source of a
firm's competitive advantage that distinguish a firm competitively and reflect its
personality
VRIO Framework - ✔✔Valuable
Rare
Costly to Imitate
Organized to capture value
