MAN 4720 UCF CAPSTONE MIDTERM EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) A+ GRADED

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MAN 4720 UCF CAPSTONE
MIDTERM EXAM COMPLETE


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QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
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ANSWERS) A+ GRADED
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, Competitive Advantage
Generating above average returns. Measured relative to other 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




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Companies
array of activities




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vision statement
paints a picture of where a company wants to be
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Balanced Scorecard
harnesses multiple internal and external performance metrics in order to balance both financial
and strategic goals. USED IN IMPLEMENTATION PHASE
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strategic management
an integrative management field that combines analysis, formulation, and implementation in the
quest for competitive advantages


competitive disadvantage
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under performance relative to other competitors in the same industry or industry average


competitive parity
performance of two or more firms at the same level


sustainable competitive advantage
outperforming competitors or the industry over a prolonged period