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What is Strategy? - Correct Answers ✅The quest to gain
and sustain a competitive advantage while differentiating
yourself from rivals, creating value while counting costs, and
positioning yourself in a unique way for mutual
reinforcement.
What is competitive advantage? - Correct Answers
✅Superior performance relative to other competitors in the
same industry or the industry average.
What is sustained competitive advantage? - Correct
Answers ✅Outperforming competitors or the industry
average for a prolonged period of time
What is the Valuation Principle? - Correct Answers ✅The
value of an asset to the firm or investors is determined by its
competitive market price
What happens when the value of benefits exceeds the costs?
- Correct Answers ✅The decision will increase the market
value of the firm
What are firm effects? - Correct Answers ✅Results of
managers' actions to influence firm performance
, BA 453 - University of Oregon Questions and
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What is industry effects? - Correct Answers ✅The results
attributed to the choice of industry in which to compete
What are the 9 parts of the business model? - Correct
Answers ✅Key partners
Key activites
Key resources
Value proposition
Customer relationships
Channels
Customer segments
Revenue streams
Cost structures
What is PESTEL - Correct Answers ✅Political
Economic
Sociocultural
Technological
Ecological
Legal
What is VRIO - Correct Answers ✅Is it valuable?
Is it rare?