MAN 4720 UCF Capstone Midterm Exam With
Complete Solution Latest Update
Practice questions for this set
AFI
2 Model
3
Terms in this set (94)
, Generating above average returns. Measured relative to other
Competitive Advantage firms. Should rely on a more holistic perspective vs. just using
one metric.
Strategic Analysis framework AFI
Strategy quest to gain and sustain competitive advantage over
Companies array of activities
vision statement paints a picture of where a company wants to be
harnesses multiple internal and external performance metrics in
Balanced Scorecard order to balance both financial and strategic goals. USED IN
IMPLEMENTATION PHASE
an integrative management field that combines analysis,
strategic management formulation, and implementation in the quest for competitive
advantages
under performance relative to other competitors in the same
competitive disadvantage
industry or industry average
competitive parity performance of two or more firms at the same level
sustainable competitive outperforming competitors or the industry over a prolonged
advantage period
co-opetition cooperation by competitors to achieve a strategic objective
firm effects results of mangers actions to influence firm performance
the results attributed to the choice of industry in which to
industry effects
compete
a standalone division of a larger conglomerate, with its own
strategic business unit (SBU)
profit and loss responsibility
organizational plan that details the firms competitive tactics and
business model
initiatives; how the firm intends to make money
the largest but poorest socioeconomic group of the world's
bottom of the pyramid
population
side-effects of production and consumption that are not
externalities
reflected in the price of a product.
process in which people voluntarily performs tasks they were
crowdsourcing
traditionally completed by a firms employees
Individuals or groups who can affect or are affected by the
Stakeholders
action of a firm.
1.) Analyze
A.F.I. 2.) Formulate
3.) Implement
Complete Solution Latest Update
Practice questions for this set
AFI
2 Model
3
Terms in this set (94)
, Generating above average returns. Measured relative to other
Competitive Advantage firms. Should rely on a more holistic perspective vs. just using
one metric.
Strategic Analysis framework AFI
Strategy quest to gain and sustain competitive advantage over
Companies array of activities
vision statement paints a picture of where a company wants to be
harnesses multiple internal and external performance metrics in
Balanced Scorecard order to balance both financial and strategic goals. USED IN
IMPLEMENTATION PHASE
an integrative management field that combines analysis,
strategic management formulation, and implementation in the quest for competitive
advantages
under performance relative to other competitors in the same
competitive disadvantage
industry or industry average
competitive parity performance of two or more firms at the same level
sustainable competitive outperforming competitors or the industry over a prolonged
advantage period
co-opetition cooperation by competitors to achieve a strategic objective
firm effects results of mangers actions to influence firm performance
the results attributed to the choice of industry in which to
industry effects
compete
a standalone division of a larger conglomerate, with its own
strategic business unit (SBU)
profit and loss responsibility
organizational plan that details the firms competitive tactics and
business model
initiatives; how the firm intends to make money
the largest but poorest socioeconomic group of the world's
bottom of the pyramid
population
side-effects of production and consumption that are not
externalities
reflected in the price of a product.
process in which people voluntarily performs tasks they were
crowdsourcing
traditionally completed by a firms employees
Individuals or groups who can affect or are affected by the
Stakeholders
action of a firm.
1.) Analyze
A.F.I. 2.) Formulate
3.) Implement
