RSM100: Strategy Exam | Questions with 100%
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Terms in this set (54)
What are the foundations of strategic Basic concepts of strategy:
competitiveness? - Competitive advantage
- Sustainable competitive advantage
What is competitive advantage? Give Operating with an attribute or set of attributes that
examples of firms/business with CA allows an organization to outperform its rivals
Examples:
- Walmart has CA when it comes to cost/pricing
- Toyota has CA for high quality and reasonable
pricing
What is sustainable competitive It is one (competitive advantage) that is difficult to
advantage? Give an example of a imitate
firm/business with a sustainable CA - it is one that is valuable and rare
- very difficult to duplicate
Example:
- Disney Theme Parks BECAUSE they have an
image and branding rights/etc over timeless
characters and have a unique corporate culture
regarding employees and management
- Harry Potter World (in progress)
, What is the internal strategic It is when an organization conducts its internal
management process? What is their analysis of organizational RESOURCES AND
goal? CAPABILITIES
- the have the important goal of assessing core
competencies
What are some potential core - Special knowledge/expertise: Merck/Pfizer
competencies which can be - Superior technology: apple/rogers
assessed under the strategic - Efficient manufacturing approaches
management process? Which - Unique product distribution systems: amazon
firms/businesses in today's economy
fulfill these competencies?
What is the external strategic It is when an organization conducts an (external)
management process? What are their analysis of its industry and environment
goals?
Their goals:
- assessment of macro environment
- analysis of industry environment
What can be analysed in the - Technology
assessment of the macro - Government
environment of an organization? - Social structures and population demographics
- Global economy
- Natural environment
What can be analysed in the analysis - Resource suppliers
of an organization's industry - Competitors
environment? - Customers
Correct Answers | Verified | Latest Update 2026
Save
Terms in this set (54)
What are the foundations of strategic Basic concepts of strategy:
competitiveness? - Competitive advantage
- Sustainable competitive advantage
What is competitive advantage? Give Operating with an attribute or set of attributes that
examples of firms/business with CA allows an organization to outperform its rivals
Examples:
- Walmart has CA when it comes to cost/pricing
- Toyota has CA for high quality and reasonable
pricing
What is sustainable competitive It is one (competitive advantage) that is difficult to
advantage? Give an example of a imitate
firm/business with a sustainable CA - it is one that is valuable and rare
- very difficult to duplicate
Example:
- Disney Theme Parks BECAUSE they have an
image and branding rights/etc over timeless
characters and have a unique corporate culture
regarding employees and management
- Harry Potter World (in progress)
, What is the internal strategic It is when an organization conducts its internal
management process? What is their analysis of organizational RESOURCES AND
goal? CAPABILITIES
- the have the important goal of assessing core
competencies
What are some potential core - Special knowledge/expertise: Merck/Pfizer
competencies which can be - Superior technology: apple/rogers
assessed under the strategic - Efficient manufacturing approaches
management process? Which - Unique product distribution systems: amazon
firms/businesses in today's economy
fulfill these competencies?
What is the external strategic It is when an organization conducts an (external)
management process? What are their analysis of its industry and environment
goals?
Their goals:
- assessment of macro environment
- analysis of industry environment
What can be analysed in the - Technology
assessment of the macro - Government
environment of an organization? - Social structures and population demographics
- Global economy
- Natural environment
What can be analysed in the analysis - Resource suppliers
of an organization's industry - Competitors
environment? - Customers
