IDSC 3001 Exam 1 questions with complete
solutions to pass
1. Sustainable competitive advantage financial performance that consistently
outperforms
their industry peers
2. Strategy Set of decisions made to achieve competitive
advan- tage
3. Competitive advantage the ability of a firm to outperform its
competitors in
financial measures
4. 4 characteristics of competitive
ad- vantage Valuable, rare, imperfectly imitable, non-substi-
tutable
5. Operational Effectiveness Strategy Performing the same tasks better than your
rivals
6. Is operational effectiveness sufficient No because operation attentiveness can be
matched.
to yield sustainable dominance over
competition?
7. Because can be
matched, operational effectiveness Operational Attentiveness
is usually not sufficient to yield
sustain- able dominance over
competition
8. Fast Follower Problem Rivals watch a pioneer's efforts, learn from their
suc- cesses and missteps, then enter the
market quickly with a comparable or superior
product at a lower cost
9. Augmented Reality Technology that superimposes content, such
as im- ages, animation, on top of real-world
1/
15
, IDSC 3001 Exam 1 questions with complete
solutions to pass
images
10. Connection between Technology
and corporate law Intellectual property, patents, piracy, and
privacy are all areas where activity has
escalated dramatically in recent years
2/
15
solutions to pass
1. Sustainable competitive advantage financial performance that consistently
outperforms
their industry peers
2. Strategy Set of decisions made to achieve competitive
advan- tage
3. Competitive advantage the ability of a firm to outperform its
competitors in
financial measures
4. 4 characteristics of competitive
ad- vantage Valuable, rare, imperfectly imitable, non-substi-
tutable
5. Operational Effectiveness Strategy Performing the same tasks better than your
rivals
6. Is operational effectiveness sufficient No because operation attentiveness can be
matched.
to yield sustainable dominance over
competition?
7. Because can be
matched, operational effectiveness Operational Attentiveness
is usually not sufficient to yield
sustain- able dominance over
competition
8. Fast Follower Problem Rivals watch a pioneer's efforts, learn from their
suc- cesses and missteps, then enter the
market quickly with a comparable or superior
product at a lower cost
9. Augmented Reality Technology that superimposes content, such
as im- ages, animation, on top of real-world
1/
15
, IDSC 3001 Exam 1 questions with complete
solutions to pass
images
10. Connection between Technology
and corporate law Intellectual property, patents, piracy, and
privacy are all areas where activity has
escalated dramatically in recent years
2/
15
