VRIO Study guides, Class notes & Summaries

WPC 480 Chapter 4 Exam With Complete Solutions Core competencies - answerUnique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage. Resources - answerAny assets that a firm can draw on when formulating and implementing a strategy. Capabilities - answerOrganizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically. Activities - answerDistinct and fine-grained business processes th...

Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the industry average. Sust...

Strategic Management the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategy set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Three things for good strategy 1. diagnosis of competitive challenge 2. guiding policy to address competitive challenge 3. A set of coherent actions to implement the firm's guiding policy. competitive advan...

C211 Study Guide questions with complete solutions What is Foreign Direct Investment? - Answer- is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? - Answer- Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? - Answer- Capital inflow, Technology, management, job creation What costs exist to a country receiving FDI? - Answer- Loss of sovereignty, adverse ...

How would you evaluate Paul Polman’s 2010 decision to implement a new strategy based on the Unilever Sustainable Living Plan (USLP)? What benefits did it offer? What risks did it present? Gary Hamel and C.K.Prahalad proposed a framework called the Core-Competence Market Matrix ( depicted in the picture above ) In my view, Paul Polman’s basic objective of implementing this new strategy based on USLP was to create a new set of core competence, which would be rare and not easy to copy. Th...

WPC 480 Chapter 4 Exam With Complete Solutions Core competencies - answerUnique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage. Resources - answerAny assets that a firm can draw on when formulating and implementing a strategy. Capabilities - answerOrganizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically. Activities - answerDistinct and fine-grained business processes th...

C211 Study Guide questions with complete solutions What is Foreign Direct Investment? - Answer- is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? - Answer- Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? - Answer- Capital inflow, Technology, management, job creation What costs exist to a country receiving FDI? - Answer- Loss of sovereignty, adverse ...

Ryanair – the low-fares Airlines Case Study. Why has Ryanair been successful thus far? Ryanair’s success can be attributed to quite a few factors  Successful adaptation of Southwest’s low cost model Michael O’Leary studied the low cost model of Southwest and successfully adapted the strategy to suit Ryanair - Flying to secondary cities and airports This is one of the founding cornerstone's of Ryanair’s strategy. By flying to secondary airports, Ryanair avoids huge gate and ...

WGU C211 GLOBAL ECONOMICS FOR MANAGERS QUESTIONS AND ANSWERS 2023/2024 (VERIFIED) Which two phrases represent the views of globalization? Choose two answers. - CORRECT ANSWER-- A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - CORRECT ANSWER-- Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - CORRECT ANSWER-Increases domestic product...

MGMT 3000 CH. 6 EXAM QUESTIONS AND ANSWERS Michael Porter defined _____ as an attempt to achieve sustainable competitive advantage by preserving what is distinct about a company. A. strategic positioning B.domestic rivalry C. cost-leadership D. economy of scale - CORRECT ANSWERS A Which level of strategic management focuses on the organization as a whole? A. task-level B. business-level C. corporate-level D. functional-level - CORRECT ANSWERS ...