Globus Final Exam Questions and Essays with
100% Correct Answers
What is likely to happen due to horizontal mergers between competitors within
the industry. - ✔️✔️This merger activity provides one example of how firms can
proactively reshape industry structure in their favor. This allows remaining
carriers to enjoy a more benign industry structure.
Understand the rivalry between firms within the same strategic group. - ✔️✔️The
closer firms are on a strategic group map, the more directly and intensely they are
in competition with one another. They tend to monitor one another strategic
actions closely.
What is a drawback of Porters five forces model? (within industry dynamics) -
✔️✔️all of the models presented are static. They provide a snapshot of what is
actually a moving target and do not allow for consideration of industry dynamics.
know the main reasons for the success of Beats Headphones - ✔️✔️superior
marketing-perception of coolness est. ecosystem - combined hardware and
software.
Know the difference between Tangible resources and intangible resources -
✔️✔️tangible - physical attributes, visible
intangible - invisible (brand equity, reputation)
understand the definition of resource heterogeneity - ✔️✔️Assumption that
resources, competencies, and capabilities differ across al firms
, understand the definition of resource immobility - ✔️✔️resources are sticky and
don't move easily from firm to firm
Know and be able to apply the VIRO framework - ✔️✔️valuable, rare imitation,
organized. It explains plus predicts firm level competitive advantage
According to an evaluation using the VIRO framework be able to identify why a
company fails to sustain its competitive advantage - ✔️✔️chart tell us if it sustain
competitive advantage
be able to identify the resource attributes listed in the VIRO framework has help a
company sustain its competitive advantage? - ✔️✔️Valuable, Rare, Imitate,
Organized
understand social complexity and how it pertains to Zappos as a company -
✔️✔️different social and business systems that interact with one another
Be able to identify the components of a SWOT analysis - ✔️✔️strength, weakness,
opportunities, threats
What is a drawback of the SWOT analysis - ✔️✔️strength can be a weakness +
opportunity can be a threat
________ precisely indicates how much of a firm's sales is converted into profits. -
✔️✔️return on revenue
100% Correct Answers
What is likely to happen due to horizontal mergers between competitors within
the industry. - ✔️✔️This merger activity provides one example of how firms can
proactively reshape industry structure in their favor. This allows remaining
carriers to enjoy a more benign industry structure.
Understand the rivalry between firms within the same strategic group. - ✔️✔️The
closer firms are on a strategic group map, the more directly and intensely they are
in competition with one another. They tend to monitor one another strategic
actions closely.
What is a drawback of Porters five forces model? (within industry dynamics) -
✔️✔️all of the models presented are static. They provide a snapshot of what is
actually a moving target and do not allow for consideration of industry dynamics.
know the main reasons for the success of Beats Headphones - ✔️✔️superior
marketing-perception of coolness est. ecosystem - combined hardware and
software.
Know the difference between Tangible resources and intangible resources -
✔️✔️tangible - physical attributes, visible
intangible - invisible (brand equity, reputation)
understand the definition of resource heterogeneity - ✔️✔️Assumption that
resources, competencies, and capabilities differ across al firms
, understand the definition of resource immobility - ✔️✔️resources are sticky and
don't move easily from firm to firm
Know and be able to apply the VIRO framework - ✔️✔️valuable, rare imitation,
organized. It explains plus predicts firm level competitive advantage
According to an evaluation using the VIRO framework be able to identify why a
company fails to sustain its competitive advantage - ✔️✔️chart tell us if it sustain
competitive advantage
be able to identify the resource attributes listed in the VIRO framework has help a
company sustain its competitive advantage? - ✔️✔️Valuable, Rare, Imitate,
Organized
understand social complexity and how it pertains to Zappos as a company -
✔️✔️different social and business systems that interact with one another
Be able to identify the components of a SWOT analysis - ✔️✔️strength, weakness,
opportunities, threats
What is a drawback of the SWOT analysis - ✔️✔️strength can be a weakness +
opportunity can be a threat
________ precisely indicates how much of a firm's sales is converted into profits. -
✔️✔️return on revenue
