WPC 480 - Final Exam Questions With Complete Solutions
sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy Is created through a value-creating strategy, based on core competencies. What are some strategic challenges businesses face? correct answer: - Tech (*THIS IS A CRITICAL ONE) - Globalization - Pace of Change or speed - Dynamic and Uncertain market conditions - Growth of knowledge base and information Core competencies are correct answer: 1. Valuable 2. Rare 3. Inimitable 4. Non-substitutable Industry organization Model correct answer: EXTERNAL analysis: 1.Analyze the external environment 2.Identify an industry with high potential 3.Develop a strategy 4.Develop or acquire needed assets(people, tech,) 5.Implement the strategy resource-based model correct answer: INTE
Written for
- Institution
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Arizona State University
- Course
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WPC 480
Document information
- Uploaded on
- June 7, 2023
- Number of pages
- 18
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- wpc 480
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wpc 480 final exam questions with complete solut
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