Distinctive capabilities Study guides, Revision notes & Summaries

Mission Statement correct answers -A statement of the organization's purpose -What is our business? Who is the customer and what do they value? What are our core competencies? What should our business be? -Good mission statements are market oriented, specific, realistic, motivating, and illustrative of distinctive competencies Strategic Planning (Internal/External) correct answers Internal- organization's goals and capabilities External- marketing opportunities Strategy is a matching pr...

SSgt WAPS Test Exam Questions and Answers 2024 A Non-component Air Force (NAF) should need exceed ________ manpower authorizations without an approved waiver. - CORRECT ANSWER-99 Which statement about career progression and enlisted responsibilities is inaccurate? - CORRECT ANSWER-Functionally, the Air Force develops strategic experts through career field progression and successful planning. The majority of enlisted airmen operate at the - CORRECT ANSWER-Tactical expertise and operat...

Organizational analysis correct answers identifying and developing an organization's resources and competencies Resources correct answers an organization's assets and are thus the basic building blocks of the organization Tangible assets correct answers plant, equipment, finances, location, human assets, employee skills, motivation Intangible assets correct answers technology, patents and copyrights, culture, and reputation Capabilities correct answers a corporation's ability to e...

Strategic Planning correct answers Strategy = a matching process between external and internal factors internal = organizations goals and capabilities (focuses on publics, competitive advantage) external = Marketing Opportunities (focuses on consumer trends, economy, nature) Steps in Strategic Planning correct answers 1. Define the company mission statement (corporate) 2. Setting company objectives and goals (corporate) 3. Designing the business portfolio (corporate) 4. Planning m...

A company's strategy concerns: - Managements action plan for outperforming competitors and achieving superior profitability. A companies strategies stand a better chance of succeeding when: - It is predicated on competitive moves aimed at appealing to buyers in ways that set the company apart from its rivals. A company achieves competitive advantage when: - It provides buyers with superior value compared to rival sellers or offers the same value at a lower cost. Winning and sustainable...

SSgt WAPS Test A Non-component Air Force (NAF) should need exceed ________ manpower authorizations without an approved waiver. - 99 Which statement about career progression and enlisted responsibilities is inaccurate? - Functionally, the Air Force develops strategic experts through career field progression and successful planning. The majority of enlisted airmen operate at the - Tactical expertise and operational competence levels of leadership Which current Air Force Regular per...

Test Bank for Essentials of Strategic Management The Quest for Competitive Advantage 5th Edition By Gamble Complete All Chapters. Which one of the following is notone of the five stages of an ongoing, continuous strategic management process? A. forming a strategic vision of the company's future direction and focus B. setting objectives to measure progress toward achieving the strategic vision C. crafting a strategy to achieve the objectives and get the company where it wants to go D. devel...

Test Bank for Essentials of Strategic Management The Quest for Competitive Advantage 5th Edition By John E. Gamble, Arthur A. Thompson Full Chapters. Which one of the following is notone of the five stages of an ongoing, continuous strategic management process? A. forming a strategic vision of the company's future direction and focus B. setting objectives to measure progress toward achieving the strategic vision C. crafting a strategy to achieve the objectives and get the company where it w...

external analysis correct answers industry structure, competitive forces, and strategic groups internal analysis correct answers resources, capabilities, and core competencies Strategy Formulation (business/corporate strategy) correct answers Guiding policy to address the competitive challenge Strategy Implementation correct answers Coherent actions to implement the firms guiding policy Strategy correct answers a set of goal directed actions a firm takes to gain & sustain superior performa...

MNGT 4800 - Exam 2 Questions With Correct Answers T/F A resource that is valuable and rare that can be imitated might provide an edge in the short- term, but competitors can overcome such an advantage eventually. - answertrue T/F A distinctive competence is a set of strategic resources that an organization owns. - answerfalse T/F Cost leaders' emphasis on efficiency makes them vulnerable to price competition from rivals. - answerfalse T/F A firm following a differentiation strategy ...