Strategic Management Test #1
Above-average returns - ANS-are returns in extra of what an investor expects to earn from
different investments with a comparable quantity of hazard
Affiliation measurement - ANS-is worried with facilitating beneficial interactions with customers
Assessing - ANS-the objective is to determine the timing and significance of the results of
environmental adjustments and tendencies which have been recognized
Average returns - ANS-are returns equal to those an investor expects to earn from other
investments with a comparable quantity of danger
Business-level approach - ANS-in an included and coordinated set of commitment and actions
the company makes use of to advantage a aggressive advantage by using exploiting middle
competencies in specific product markets
Capability - ANS-is the ability for a set of resources to perform a undertaking or an hobby in an
integrative be counted
Capital Market Stakeholders - ANS-Shareholders, fundamental suppliers of capital
Example:banks
Competitive advantage - ANS-while it implements a strategy that creates superior price for
clients and competition are not able to duplicate or locate too steeply-priced to attempt to imitate
Competitive evaluation - ANS-how organizations accumulate and interpret data approximately
their competitor
Competitor intelligence - ANS-is the set of facts and information the firm gathers to higher
recognize and expect competitors goals, strategies, assumptions, and capabilities
Complementors - ANS-are groups or networks of businesses that promote complementary
goods or offerings that are like minded with the focal corporations properly or carrier
Core Competencies - ANS-are competencies that serve as a source of aggressive gain for a
firm over its opponents
Corporate-degree middle talents - ANS-are complicated units of resources and capabilities that
link different companies, in the main via managerial and technological knowledge, enjoy and
information
, Corporate-degree strategy - ANS-specifies actions a firm taken to benefit a competitive gain via
selecting and handling a set of different organizations competing in one of a kind product
markets
Cost management approach - ANS-is an integrated set of moves taken to produce goods or
offerings with capabilities which can be acceptable to clients at the bottom fee, relative to that of
competition
Costly-to-imitate abilities - ANS-other firms can not effortlessly increase
Costly-to-imitate-abilties - ANS-Historical: a unique and a treasured organizational way of life or
brand call
Ambiguous reason: the causes and makes use of of a competence are doubtful
Social complexity: interpersonal relationships, accept as true with, and friendship among
managers, suppliers, and customers
Demographic phase - ANS-is worried with a populace length, age shape, geographic
distribution, ethnic mix, and profits distribution
Demographic segment - ANS-Population size, age structure, and geographic distribution, ethnic
mix, and income distribution
Differentiation strategy - ANS-is an integrated set of movements taken to provide items and
offerings that clients understand as being exclusive in ways which are important to them
Disruptive technologies - ANS-technologies that break the fee of an current technology and
create new markets
Dominant-commercial enterprise diversification strategy - ANS-the firm generates between 70
and 95 percent of its total revenue within a single commercial enterprise place
Economic environment - ANS-refers back to the nature and course of the financial system in
which a company competes or can also compete
Economic phase - ANS-Inflation prices, hobby quotes, change deficits or surpluses, and
finances deficits or surpluses
Economies of scale - ANS-are derived from incremental efficiency improvements though enjoy
as a company grows large. Therefore, the price of producing each unit declines as the amount
of a product produced for the duration of a given length will increase
Above-average returns - ANS-are returns in extra of what an investor expects to earn from
different investments with a comparable quantity of hazard
Affiliation measurement - ANS-is worried with facilitating beneficial interactions with customers
Assessing - ANS-the objective is to determine the timing and significance of the results of
environmental adjustments and tendencies which have been recognized
Average returns - ANS-are returns equal to those an investor expects to earn from other
investments with a comparable quantity of danger
Business-level approach - ANS-in an included and coordinated set of commitment and actions
the company makes use of to advantage a aggressive advantage by using exploiting middle
competencies in specific product markets
Capability - ANS-is the ability for a set of resources to perform a undertaking or an hobby in an
integrative be counted
Capital Market Stakeholders - ANS-Shareholders, fundamental suppliers of capital
Example:banks
Competitive advantage - ANS-while it implements a strategy that creates superior price for
clients and competition are not able to duplicate or locate too steeply-priced to attempt to imitate
Competitive evaluation - ANS-how organizations accumulate and interpret data approximately
their competitor
Competitor intelligence - ANS-is the set of facts and information the firm gathers to higher
recognize and expect competitors goals, strategies, assumptions, and capabilities
Complementors - ANS-are groups or networks of businesses that promote complementary
goods or offerings that are like minded with the focal corporations properly or carrier
Core Competencies - ANS-are competencies that serve as a source of aggressive gain for a
firm over its opponents
Corporate-degree middle talents - ANS-are complicated units of resources and capabilities that
link different companies, in the main via managerial and technological knowledge, enjoy and
information
, Corporate-degree strategy - ANS-specifies actions a firm taken to benefit a competitive gain via
selecting and handling a set of different organizations competing in one of a kind product
markets
Cost management approach - ANS-is an integrated set of moves taken to produce goods or
offerings with capabilities which can be acceptable to clients at the bottom fee, relative to that of
competition
Costly-to-imitate abilities - ANS-other firms can not effortlessly increase
Costly-to-imitate-abilties - ANS-Historical: a unique and a treasured organizational way of life or
brand call
Ambiguous reason: the causes and makes use of of a competence are doubtful
Social complexity: interpersonal relationships, accept as true with, and friendship among
managers, suppliers, and customers
Demographic phase - ANS-is worried with a populace length, age shape, geographic
distribution, ethnic mix, and profits distribution
Demographic segment - ANS-Population size, age structure, and geographic distribution, ethnic
mix, and income distribution
Differentiation strategy - ANS-is an integrated set of movements taken to provide items and
offerings that clients understand as being exclusive in ways which are important to them
Disruptive technologies - ANS-technologies that break the fee of an current technology and
create new markets
Dominant-commercial enterprise diversification strategy - ANS-the firm generates between 70
and 95 percent of its total revenue within a single commercial enterprise place
Economic environment - ANS-refers back to the nature and course of the financial system in
which a company competes or can also compete
Economic phase - ANS-Inflation prices, hobby quotes, change deficits or surpluses, and
finances deficits or surpluses
Economies of scale - ANS-are derived from incremental efficiency improvements though enjoy
as a company grows large. Therefore, the price of producing each unit declines as the amount
of a product produced for the duration of a given length will increase
