10/26/25, 2:03 PM MNGT 4800 Test 1 Adams (2025) EXAM Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2…
MNGT 4800 Test 1 Adams (2025) EXAM Questions
and Answers (Verified Answers) ||ACTUAL EXAM
2025 TEST!! Graded A+ | 2025|2026 EXAM
UPDATE
Save
Terms in this set (88)
industry structure, competitive forces, and strategic
external analysis
groups
internal analysis resources, capabilities, and core competencies
Strategy Formulation Guiding policy to address the competitive challenge
(business/corporate
strategy)
Coherent actions to implement the firms guiding
Strategy Implementation
policy
a set of goal directed actions a firm takes to gain &
Strategy
sustain superior performance relative to competitors
1. Tactics or operational activities
2. Grandiose statement
Strategy is not (4) 3. Failure to face competitive challenges
4. Operational effectiveness, benchmarking, or other
tools
superior performance relative to other competitors in
competitive advantage
the same industry or the industry average
https://quizlet.com/1098557694/mngt-4800-test-1-adams-2025-exam-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252… 1/9
, 10/26/25, 2:03 PM MNGT 4800 Test 1 Adams (2025) EXAM Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2…
a competitive advantage that other companies have
sustainable competitive tried unsuccessfully to duplicate and have, for the
advantage moment, stopped trying to duplicate.
Outperforming over a prolonged period of time
attempts to achieve sustainable competitive
advantage by preserving what is distinctive about a
strategic positioning company
Trade-offs are required
(cost leadership and differentiation)
determined primarily by two factors: industry effects
firm performance
and firm effects
firm performance attributed to the industry structure
industry effects
in which a firm competes
firm performance attributed to the actions managers
firm effects
take
1. Fulfilling careers
Superior performance
2. Shareholder value
drives reinvestments in (3)
3. Value for society
an integrative approach to managing a diverse set of
stakeholders effectively in order to gain and sustain
stakeholder strategy competitive advantage. Concerned with how the firm
exchanges with various stakeholders to create and
trade value
says that firms exist to maximize returns to
Agency Theory
shareholders
Decision tool where managers can recognize, assess,
and address the needs of different stakeholders,
allowing the firm to achieve competitive advantage
stakeholder impact
while acting as a good corporate citizen
analysis
-power
-legitimacy
-urgency
https://quizlet.com/1098557694/mngt-4800-test-1-adams-2025-exam-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252… 2/9
MNGT 4800 Test 1 Adams (2025) EXAM Questions
and Answers (Verified Answers) ||ACTUAL EXAM
2025 TEST!! Graded A+ | 2025|2026 EXAM
UPDATE
Save
Terms in this set (88)
industry structure, competitive forces, and strategic
external analysis
groups
internal analysis resources, capabilities, and core competencies
Strategy Formulation Guiding policy to address the competitive challenge
(business/corporate
strategy)
Coherent actions to implement the firms guiding
Strategy Implementation
policy
a set of goal directed actions a firm takes to gain &
Strategy
sustain superior performance relative to competitors
1. Tactics or operational activities
2. Grandiose statement
Strategy is not (4) 3. Failure to face competitive challenges
4. Operational effectiveness, benchmarking, or other
tools
superior performance relative to other competitors in
competitive advantage
the same industry or the industry average
https://quizlet.com/1098557694/mngt-4800-test-1-adams-2025-exam-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252… 1/9
, 10/26/25, 2:03 PM MNGT 4800 Test 1 Adams (2025) EXAM Questions and Answers (Verified Answers) ||ACTUAL EXAM 2025 TEST!! Graded A+ | 2…
a competitive advantage that other companies have
sustainable competitive tried unsuccessfully to duplicate and have, for the
advantage moment, stopped trying to duplicate.
Outperforming over a prolonged period of time
attempts to achieve sustainable competitive
advantage by preserving what is distinctive about a
strategic positioning company
Trade-offs are required
(cost leadership and differentiation)
determined primarily by two factors: industry effects
firm performance
and firm effects
firm performance attributed to the industry structure
industry effects
in which a firm competes
firm performance attributed to the actions managers
firm effects
take
1. Fulfilling careers
Superior performance
2. Shareholder value
drives reinvestments in (3)
3. Value for society
an integrative approach to managing a diverse set of
stakeholders effectively in order to gain and sustain
stakeholder strategy competitive advantage. Concerned with how the firm
exchanges with various stakeholders to create and
trade value
says that firms exist to maximize returns to
Agency Theory
shareholders
Decision tool where managers can recognize, assess,
and address the needs of different stakeholders,
allowing the firm to achieve competitive advantage
stakeholder impact
while acting as a good corporate citizen
analysis
-power
-legitimacy
-urgency
https://quizlet.com/1098557694/mngt-4800-test-1-adams-2025-exam-questions-and-answers-verified-answers-actual-exam-2025-test-graded-a-20252… 2/9
