Wpc 480 midterm exam Study guides, Class notes & Summaries

WPC 480 Midterm Exam Questions with Verified Answers | Latest 2023/2024 Strategic Competitiveness -- firms achieve by formulating and implementing a set of programmatic actions that allows it to outperform competitors in long run Strategy -- an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. competitive advantage -- a firm has this when competitors are not able to imitate the value the firm's products create...

WPC 480 midterm Exam Questions and answers. Strategic competitiveness Achieved when a firm creates and applies a strategy that creates value, this is not lasting, you need to be in the shoes of the competitor. Competitive advantage When a firm formulates and implements a set of strategies to keep customers coming back Competitors find it either costly, or hard to imitate. obove-average returns Returns in excess of what the investor would typically expect from making investments from s...

WPC 480 Midterm, Exam Questions and answers, Rated A+ a. Flexibility b. Speed c. Innovation D. ALL OF THESE OPTIONS ARE CORRECT Managers must adopt a new mind-set that values ___________ and the challenges that evolve from constantly changing conditions. 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 i...