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MGT247 EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
MGT247 EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
[Show more]MGT247 EXAMS BUNDLE-Questions with Correct Answers/ Latest Update/ Complete And Accurate / 100% Pass
[Show more]Competitive advantage - Superior performance relative to competitors or industry 
average 
Sustainable competitive advantage - Outperforming competitors over a prolonged 
period 
Accounting profitability - Measuring firm's financial performance through ROIC and ROR 
Return on invested capital (ROIC...
Preview 1 out of 4 pages
Add to cartCompetitive advantage - Superior performance relative to competitors or industry 
average 
Sustainable competitive advantage - Outperforming competitors over a prolonged 
period 
Accounting profitability - Measuring firm's financial performance through ROIC and ROR 
Return on invested capital (ROIC...
Make or Buy (on exam as essay): - - costs in house < costs in market "make" 
- costs in market < costs in house "buy" 
Five reasons for alliance formation - Five reasons for alliance formation: 
1.Strengthen competitive position 
2.Enter new markets 
3.Hedge against uncertainty 
4.Access c...
Preview 2 out of 11 pages
Add to cartMake or Buy (on exam as essay): - - costs in house < costs in market "make" 
- costs in market < costs in house "buy" 
Five reasons for alliance formation - Five reasons for alliance formation: 
1.Strengthen competitive position 
2.Enter new markets 
3.Hedge against uncertainty 
4.Access c...
What is Strategic management? - process to formulate and implement a strategy. 
What is a strategy? - A set of goal directed actions a firm takes to gain and sustain a 
competitve advantage. 
Elements of a good strategy (Analysis) - diagnosis of the competitive advantage 
Elements of a good strategy...
Preview 4 out of 31 pages
Add to cartWhat is Strategic management? - process to formulate and implement a strategy. 
What is a strategy? - A set of goal directed actions a firm takes to gain and sustain a 
competitve advantage. 
Elements of a good strategy (Analysis) - diagnosis of the competitive advantage 
Elements of a good strategy...
4 stages of innovation - Idea 
Invention 
Patent 
Innovation 
Entrepreneurs-to drive out the product 
5 stages of Industry life cycle - introduction 
growth 
shakeout 
maturity 
decline 
5 stages of Industry life cycle: Introduction - barrier to entry is high (few firms in this 
phase)
Preview 3 out of 16 pages
Add to cart4 stages of innovation - Idea 
Invention 
Patent 
Innovation 
Entrepreneurs-to drive out the product 
5 stages of Industry life cycle - introduction 
growth 
shakeout 
maturity 
decline 
5 stages of Industry life cycle: Introduction - barrier to entry is high (few firms in this 
phase)
Strategic Management - an integrative management field that combines analysis, 
formulation, and implementation in the quest for competitive advantage 
Strategy - a set of goal-directed actions a firm takes to gain and sustain superior 
performance relative to competitors 
Competitive Advantage - su...
Preview 1 out of 4 pages
Add to cartStrategic Management - an integrative management field that combines analysis, 
formulation, and implementation in the quest for competitive advantage 
Strategy - a set of goal-directed actions a firm takes to gain and sustain superior 
performance relative to competitors 
Competitive Advantage - su...
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