WPC 480

Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? correct answer: Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. correct answer: False It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even though the profitability of the firm has been...

sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy Is created through a value-creating strategy, based on core competencies. What are some strategic challenges businesses face? correct answer: - Tech (*THIS IS A CRITICAL ONE) - Globalization - Pace of Change or speed - Dynamic and Uncertain market conditions - Growth of knowledge base and information Core competencies are correct answer: 1. Val...

Sustainable competitive advantage correct answer: Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy How is sustainable competitive advantage created? correct answer: created through a value-creating strategy, based on core competencies critical strategic strategy correct answer: disruptive technology Disruptive technology correct answer: destroy value; create markets what is critical to strategic success? correct answer: Developing a shared vi...

merger correct answer: a strategy through which two firms agree to integrate their operations on a relatively coequal basis •AT&T and Time Warner -WarnerMedia (2018) •Chrysler and Fiat - FCA (2014) •Chrysler and Daimler - DaimlerChrysler (1998) •JP Morgan Chase (2000) •Exxon and Mobil - ExxonMobil (1996) acquisition correct answer: a strategy through which one firm buys a controlling, or 100 percent, interest in another firm with the intent of making the acquired firm a sub...

What is Corporate strategy? correct answer: Actions to sustain/gain comp. adv. in several industries and markets Where does corporate strategy compete? correct answer: 1)Industry value chain: vertical integration 2)Product and services: diversification 3)Geography (regional, national, global mkts) What is Vertical integration? correct answer: Process where several steps in production are controlled and owned by a single company Forward Integration correct answer: ex) pepsi concent...

Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. correct answer: a. Flexibility b. Speed c. Innovation D. ALL OF THESE OPTIONS ARE CORRECT a. the industry's structural characteristics have little impact on a firm's performance over time. b. each firm is a unique collection of resources and capabilities. C. CAPABILITIES ARE HIGHLY MOBILE ACROSS FIRMS. d. differences in resources and capabilities are the basi...

The purpose of strategy in business is to do what? correct answer: To create and provide the business with sustainable competitive advantage The difference between strategic decisions and tactical decisions is one of degree. The characteristics that differentiate between a strategic decision and a tactical decision is based on which of the following. correct answer: Amount of available resources consumed by the decision, Ability to reverse the decision and Temporal implication consequences ...

The two business models we reviewed—Industrial Organization and Resource-Based—focus, respectively, on _____ and _____ analysis: correct answer: external; internal What is the primary objective of a company strategy? correct answer: Achieving sustainable competitive advantage. Below are several statements from companies. Which of these is a vision statement? correct answer: Habitat for Humanity: A world where everyone has a decent place to live. A mission statement can describe: ...

Cooperative Strategy correct answer: means by which firms collaborate to achieve a shared objective strategic alliance correct answer: a cooperative strategy in which firms combine some of their resources to create CA joint venture correct answer: a strategic alliance in which two or more firms create a legally independent company to share some of their resources to create CA equity strategic alliance correct answer: an alliance in which two or more firms own different percentages o...

Corporate Strategy correct answer: The decisions and actions taken to gain and sustain competitive advantage in several industries and markets simultaneously Corporate Strategy addresses where to compete along what 3 dimensions? correct answer: Industry Value Chain through vertical integration Product and Services through diversification Geography through regional, national, or global markets Vertical Integration correct answer: The process in which several steps in the production...