MBA 705 LSUS Mclaughlin exam 1 Actual
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Terms in this set (101)
Large shareholders who monitor firm strategies to
Blockholders
ensure effective management.
The economic mechanism by which a business hopes
business model
to sell its goods or services and generate a profit.
A situation in which an individual holds both the CEO
CEO duality
and chair of the board title
A state whereby a business unit's successful strategies
competitive advantage cannot
be easily duplicated by its competitors.
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, 2/3/25, 4:04 PM MBA 705 LSUS Mclaughlin exam 1 Actual Questions And Answers Flashcards | Quizlet
The idea that certain products may be produced
more cheaply or at a higher quality in particular
comparative advantage
countries due to advantages in labor costs or
technology.
A view that states the most profitable firms are likely
Contingency Theory to be the ones that develop the best fit with their
environment.
The board of directors, institutional investors, and
Corporate Governance blockholders who monitor firm strategies to ensure
managerial responsiveness.
Unique resources, skills, and capabilities that enable a
firm to
distinctive competence
distinguish itself from its competitors and create
competitive advantage.
An investment fund open to only a small number of
hedge fund investors but permitted by regulators to undertake
riskier and more speculative investments
A view based in microeconomic theory that states firm
Industrial Organization
profitability is most closely associated with industry
(IO):
structure.
The original strategy top management plans and
Intended Strategy:
intends to implement.
The reason for an organization's existence. The
mission statement is a broadly defined but enduring
statement of purpose that identifies the scope of an
mission
organization's operations and its offerings to affected
groups (i.e., stakeholders, as defined later in the
book).
Realized Strategy the strategy that actually takes place
The perspective that views performance primarily as a
Resource-Based Theory
function of a firm's ability to utilize its resources.
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