WPC 480 FINAL FULL SOLUTION STUDY GUIDE
◉ average returns.
Answer: are returns equal to those an investor expect to earn from
other investments possessing a similar amount of risk
◉ capability.
Answer: capacity for a set of resources to perform a task or an
activity in an integrative manner
◉ competitive advantage.
Answer: Implementing a chosen strategy, it creates superior values
for customers, and when competitors are not able to imitate the
value, the firms product creates or find it too expensive to attempt
imitation
◉ core competencies.
Answer: Capabilities that serve as a source of competitive advantage
for a firm over its rivals
◉ global economy.
Answer: One in which goods services, people, skills, and ideas move
freely across geographic borders
,◉ hyper competition.
Answer: Condition were competitors engage in intense rivalry,
markets change quickly, and often and entry barriers are low
◉ mission.
Answer: Specifies the businesses in which the firm intends to
compete and the customers it intends to serve
◉ organizational culture.
Answer: Refers to the complex set of ideologies symbols and core
value that individuals throughout the firm share and that influence
how the firm conducts business
◉ resources.
Answer: inputs into a firm's production process, such as capital
equipment, the skills of individual employees, patents, finances, and
talented managers
◉ risk.
Answer: Investors uncertainty about the economic gains or losses
that will result from a particular investment
◉ stakeholders.
, Answer: Our individual groups and organizations that can affect the
firms vision and mission are affected by the strategic outcomes
achieved and have enforceable claims on the firms performance
◉ strategic competitiveness.
Answer: Formulating and implementing a value creating strategy
◉ strategic flexibility.
Answer: Set of capabilities firms used to respond to various
demands and opportunities existing in today's dynamic and
uncertain competitive environment
◉ strategic leaders.
Answer: People located in different areas and levels of the firm using
the strategic management process to select actions that helped the
firm achieve its vision and fulfill its mission
◉ strategic management process.
Answer: The full set of commitment's decisions and actions firms
take to achieve strategic competitiveness and earn above average
returns
◉ strategy.
◉ average returns.
Answer: are returns equal to those an investor expect to earn from
other investments possessing a similar amount of risk
◉ capability.
Answer: capacity for a set of resources to perform a task or an
activity in an integrative manner
◉ competitive advantage.
Answer: Implementing a chosen strategy, it creates superior values
for customers, and when competitors are not able to imitate the
value, the firms product creates or find it too expensive to attempt
imitation
◉ core competencies.
Answer: Capabilities that serve as a source of competitive advantage
for a firm over its rivals
◉ global economy.
Answer: One in which goods services, people, skills, and ideas move
freely across geographic borders
,◉ hyper competition.
Answer: Condition were competitors engage in intense rivalry,
markets change quickly, and often and entry barriers are low
◉ mission.
Answer: Specifies the businesses in which the firm intends to
compete and the customers it intends to serve
◉ organizational culture.
Answer: Refers to the complex set of ideologies symbols and core
value that individuals throughout the firm share and that influence
how the firm conducts business
◉ resources.
Answer: inputs into a firm's production process, such as capital
equipment, the skills of individual employees, patents, finances, and
talented managers
◉ risk.
Answer: Investors uncertainty about the economic gains or losses
that will result from a particular investment
◉ stakeholders.
, Answer: Our individual groups and organizations that can affect the
firms vision and mission are affected by the strategic outcomes
achieved and have enforceable claims on the firms performance
◉ strategic competitiveness.
Answer: Formulating and implementing a value creating strategy
◉ strategic flexibility.
Answer: Set of capabilities firms used to respond to various
demands and opportunities existing in today's dynamic and
uncertain competitive environment
◉ strategic leaders.
Answer: People located in different areas and levels of the firm using
the strategic management process to select actions that helped the
firm achieve its vision and fulfill its mission
◉ strategic management process.
Answer: The full set of commitment's decisions and actions firms
take to achieve strategic competitiveness and earn above average
returns
◉ strategy.
