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Exam (elaborations)
BUS 4385 Exam 1
strategy process is shaped by ____ and _____ forces - Answer- external and internal external: industry and economy internal: resources you have the ____ serves as a guide for decision making - Answer- vision 4 levels of strategy - Answer- 1. corporate (highest level) 2. business level -low cost -differentiation 3. functional -all business functions like acc. finance, marketing, etc 4. operating level strategy process (6 steps) - Answer- 1. start with a vision 2. look ...
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Exam (elaborations)
BUS 4385 exam 1 Questions and Answers
when a firm successfully formulates and implements a value-creating strategy? - ANSWER strategic competitiveness coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage? - ANSWER strategy capabilities that serve as a source of competitive advantage for a firm over its rivals? - ANSWER core competencies ability for a set of resources to perform a task or activity in an integrative manner? - ANSWER capability when a firm impleme...
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