MGCR 423 – Midterm || A Verified A+ Pass.

Strategic Competitiveness correct answers is achieved when a firm successfully formulates and implements a value creating strategy strategy correct answers is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage above average returns correct answers are returns in excess of what an investor expects to earn from other investments with a similar amount of risk risk correct answers is an investors uncertainty about the economic gains or losses that will result from a particular investment average returns correct answers returns equal to those an investor expects to earn from other investments with a similar amount of risk the strategic management process correct answers is the full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns ASP model correct answers analysis, strategy, performance hypercompetition correct answers describes competition that is excessive such that it creates inherent instability and necessitates constant disruptive change for firms in the competitive landscape two main drivers of hypercompetitiveness correct answers emergence of a global economy and technology, & rapid technological change global economy correct answers is one in which goods, services, people, skills, and ideas move freely across geographic borders globalization correct answers is the increasing economic interdependence among countries and their organizations as reflected in the flow of goods and services, financial capital, and knowledge across country borders liability of foreignness correct answers one risk of globalization, firms need to learn how to compete in foreign markets Over-diversification correct answers risk of globalization, diversifying product range until you cannot manage it anymore perpetual innovation correct answers is a term used to describe how rapidly and consistently new, information-intensive technologies replace older ones