Man 4720 Study guides, Class notes & Summaries

Strategic Competitiveness - THE CORRECT ANSWER IS Achieved when a firm successfully formulates and implements a value creating strategy Strategy - THE CORRECT ANSWER IS an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive advantage - THE CORRECT ANSWER IS implementation of a strategy that creates superior value for customers and that the competitors are unable to duplicate or find it too costly to tr...

MAN 4720 Final Exam with Complete Solutions Strategic Management the ongoing process companies use to form a vision, analyze their external environment and their internal organization, and select one or more strategies to use to create value for customers and other stakeholders, especially shareholders Vision contains at least two components - a mission that describes the firm's DNA and the "picture" of the firm, as it hopes to exist in a future time period Strategy an action p...

MAN 4720 Exam 1 Questions And Answers Already Passed A firm has achieved ______ when it successfully formulates and implements a value-creating strategy. strategic competitiveness A competitive advantage: can be identified when competitors are unable to duplicate or find it too costly to try to imitate. Above-average returns are; returns in excess of what an investor expects to earn from other investments with a similar level of risk. The strategic management process is the formu...

MAN 4720 Exam 1 Latest Version with Verified Answers Top Corporate Performers Characteristics -have an entrepreneurial/opportunistic mindset -are market/customer-needs oriented -make effective use of valuable competencies -Offer new and innovative products and services Being _________ is the biggest threat to any business non-customer centric The firms strategic choices -economies of scale -barriers to market entry -diversification -product differentiation -industry concentrat...

MAN 4720 Final Exam UCF Questions and Answers Already Passed A generic business strategy is ? A general way of positioning a firm's business-level strategy within an industry What are the two dimensions on which generic business strategies are classified? a. Breadth of competitive scope/Source of competitive advantage b. Breadth of product line/Source of competitive advantage c. Breadth of competitive scope/Extent of vertical integration d. Breadth of product line/Extent of vertical...

MAN 4720 Final Exam UCF (Capstone UCF) Questions and Answers Already Passed What is a generic business strategy? A. a general way of positioning a firm's business-level strategy within an industry B. a general way of positioning a firm's business-level strategy to penetrate an international market C. a general strategy that positions your firm in a competitive position within an industry D. all of the above A What are the two dimensions on which generic business strategies are...

MAN 4720 Quiz 1 Latest Update with Verified Solutions Which of the following could be a definition of strategic competitiveness? a. The ability of a firm to outperform its rivals by forming and executing a strategy that creates value for its stakeholders b. A solid company with predictable sales and profitability every year, delivering predictability for its shareholders c. A start-up company with an innovative new product that changes an industry d. The status of a company with th...

MAN 4720 Chapter 1 Latest Version Already Passed Strategic Competitiveness achieved when a firm successfully formulates and implements a value-creating strategy Strategy an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain competitive advantage The chosen strategy tells us 2 things: What the firm WILL DO and WILL NOT do Give an example of how Alibaba is changing their environment Alibaba is coordinating with Apple Pay Co...

MAN 4720 UCF Capstone Midterm with Complete Solutions 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 Companies array of activities vision statement paints a picture of where a company wants to be Balanced Scorecard harnesses multiple internal and external performance me...

MAN 4720 Final Exam UCF (Capstone UCF)Already Passed!!