WPC 480 Exam Questions and Answers All Correct

WPC 480 Exam Questions and Answers All Correct The ________ is a model that links strategy analysis, strategy formulation, and strategy implementation, which together helps managers plan and implement a strategy that can improve performance and result in competitive advantage. a. Sarbanes-Oxley Act b. Ansoff's growth strategy matrix c. AFI strategy framework d. stakeholder impact analysis - Answer-c The AFI strategy framework is a model that links three interdependent strategic management tasks—analyze, formulate, and implement—that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. firm always has a competitive disadvantage when its return on invested capital is a. below the industry average. b. 2 percent or lower in a declining industry. c. declining steadily over two or more years. d. about the same as its closest competitor. - Answer-a A firm always has a competitive disadvantage when its return on invested capital is below the industry average. Through ________, a firm puts its guiding policy into practice by employing a set of coherent actions. a. strategy control b. strategy analysis c. strategy formulation d. strategy implementation - Answer-d A good strategy includes a set of coherent actions to implement the firm's guiding policy. This element is accomplished through strategy implementation. While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in. By doing this, what type of strategy did the company devise? a. business strategy b. corporate strategy c. global strategy d. ethical strategy - Answer-b Corporate strategy involves deciding where a firm should compete, which includes industry, markets, and geography. In ________, a firm frames a guiding policy to address the competitive challenge. a. strategy formulation b. strategy analysis c. strategy implementation d. strategy control - Answer-a