BMBA 5009 Midterm Definitions 100% Correct
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Terms in this set (143)
a vision where low-cost sensors, processors, and
communication are embedded into a wide array of
Internet of Things products and our environment, allowing a vast
network to collect at, analyze input, and automatically
coordinate collective action.
initial public stock offering, the first time a firm makes
IPO shares available via a public stock exchange; "going
public"
Sarbox or SOX; US Legislation enacted in the wake of
the accounting scandals of the early 2000s. The act
Sarbanes-Oxley Act
raises executive and board responsibility and ties
criminal penalties to certain accounting violations.
performing different tasks than rivals, or the same
strategic positioning
tasks in a different way
attempts to occupy more than one position, while
straddling failing to match the benefits of a more efficient,
singularly focused rival
exists when savvy rivals watch a pioneer's efforts,
learn from their successes and missteps, then enter
fast follower problem the market quickly with a comparable or superior
product at a lower cost before the first mover can
dominate
, A basic good that can be interchanged with nearly
identical offerings by others—think milk, coal, orange
juice, or to a lesser extent, Windows PCs and Android
commodity
phones. The more commoditized an offering, the
greater the likelihood that competition will be based
on price.
Sustainable Competitive Financial performance that consistently outperforms
Advantage industry averages.
Sometimes referred to as inventory turnover, stock
turns, or stock turnover. It is the number of times
Inventory Turns inventory is sold or used during a given period. A
higher figure means that a firm is selling products
quickly.
The strategic thinking approach suggesting that if a
firm is to maintain sustainable competitive advantage,
Resource-based View of it must control an exploitable resource, or set of
Competitive Advantage resources, that have four critical characteristics. These
resources must be (1) valuable, (2) rare, (3)
imperfectly imitable, and (4) nonsubstitutable.
A technology that superimposes content, such as
Augmented-Reality
images and animation, on top of real-world images.
Performing the same tasks better than rivals perform
Operational Effectiveness
them.
A technology that increases the transmission capacity
(and hence speed) of fiber-optic cable. Transmissions
Dense Wave Division using fiber are accomplished by transmitting light
Multiplexing (DWDM) inside "glass" cables. The light inside fiber is split into
different wavelengths in a way similar to how a prism
splits light into different colors.
Scale Advantages Advantages related to size.
The set of activities through which a product or
Value Chain
service is created and delivered to customers.
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Terms in this set (143)
a vision where low-cost sensors, processors, and
communication are embedded into a wide array of
Internet of Things products and our environment, allowing a vast
network to collect at, analyze input, and automatically
coordinate collective action.
initial public stock offering, the first time a firm makes
IPO shares available via a public stock exchange; "going
public"
Sarbox or SOX; US Legislation enacted in the wake of
the accounting scandals of the early 2000s. The act
Sarbanes-Oxley Act
raises executive and board responsibility and ties
criminal penalties to certain accounting violations.
performing different tasks than rivals, or the same
strategic positioning
tasks in a different way
attempts to occupy more than one position, while
straddling failing to match the benefits of a more efficient,
singularly focused rival
exists when savvy rivals watch a pioneer's efforts,
learn from their successes and missteps, then enter
fast follower problem the market quickly with a comparable or superior
product at a lower cost before the first mover can
dominate
, A basic good that can be interchanged with nearly
identical offerings by others—think milk, coal, orange
juice, or to a lesser extent, Windows PCs and Android
commodity
phones. The more commoditized an offering, the
greater the likelihood that competition will be based
on price.
Sustainable Competitive Financial performance that consistently outperforms
Advantage industry averages.
Sometimes referred to as inventory turnover, stock
turns, or stock turnover. It is the number of times
Inventory Turns inventory is sold or used during a given period. A
higher figure means that a firm is selling products
quickly.
The strategic thinking approach suggesting that if a
firm is to maintain sustainable competitive advantage,
Resource-based View of it must control an exploitable resource, or set of
Competitive Advantage resources, that have four critical characteristics. These
resources must be (1) valuable, (2) rare, (3)
imperfectly imitable, and (4) nonsubstitutable.
A technology that superimposes content, such as
Augmented-Reality
images and animation, on top of real-world images.
Performing the same tasks better than rivals perform
Operational Effectiveness
them.
A technology that increases the transmission capacity
(and hence speed) of fiber-optic cable. Transmissions
Dense Wave Division using fiber are accomplished by transmitting light
Multiplexing (DWDM) inside "glass" cables. The light inside fiber is split into
different wavelengths in a way similar to how a prism
splits light into different colors.
Scale Advantages Advantages related to size.
The set of activities through which a product or
Value Chain
service is created and delivered to customers.
