LSUS MBA 705 Chapter 9 Questions and Answers

LSUS MBA 705 Chapter 9 Questions and Answers Blue Ocean Strategy: - Correct Answer ️️ -A growth strategy contingent on inventing or discovering a new industry or industry segment that creates new demand. Capabilities: - Correct Answer ️️ -A firm's skills at coordinating and leveraging resources to create value (often called strategic capabilities or dynamic capabilities). Gap Analysis: - Correct Answer ️️ -Identifying the distance between a firm's current position and its desired position with regard to an internal weakness. All things equal, it is desirable to take action to close the gap, especially when the gap leaves a firm vulnerable to external threats in its environment. Human Resources (HR): - Correct Answer ️️ -The experience, capabilities, knowledge, skills, and judgment of the firm's employees. Organizational Resources: - Correct Answer ️️ -The firm's systems and processes, including its strategies at various levels, structure, and culture. Physical Resources: - Correct Answer ️️ -An organization's plant and equipment, geographic locations, access to raw materials, distribution network, and technology. Strategy Level-Strategy Complexity (SLSC) Matrix: - Correct Answer ️️ -A tool for evaluating strategic alternatives that considers the organizational level of the alternative and the degree of strategic complexity SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis: - Correct Answer ️️ -An analysis intended to match the firm's strengths and weaknesses (the S and W in the acronym) with the opportunities and threats (the O and T) posed by the environment. SW/OT Matrix: - Correct Answer ️️ -A tool for generating alternative courses of action by identifying relevant combinations of internal characteristics (i.e., strengths and weaknesses) and external forces (i.e., opportunities and threats). Value Chain: - Correct Answer ️️ -A useful tool for analyzing a firm's strengths and weaknesses and understanding how they might translate into competiti