GLOBUS TEST 1 EXAM 2024 WITH 100% CORRECT ANSWERS

A term described as an integrative management field that combines analysis, formulation and implementations in the quest for competitive advantage. - correct answer Strategic Management Identify "Strategic commitments" as a formulated strategy and using policy - correct answer Strategic commitments are effective guiding policies such as sizable investment or changes o an organizations incentives and reward systems. These are big changes that can't be easily reversed. Understand what it means to have competitive parity. - correct answer Performance of two or more firms at the same level. competitive advantage - correct answer a firm that achieves superior performance relative to other competitors in the same industry or the industry average sustainable competitive advantage - correct answer outperforming competitors or the industry average over a prolonged period of time competitive disadvantage - correct answer underperformance relative to other competitors in the same industry or the industry average iden