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WPC 480 midterm Exam with correct Answers
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WPC 480 midterm Exam with correct Answers
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WPC 480 midterm Exam with correctAnswers
Strategic iicompetitiveness ii- iiAnswers ii-Achieved iiwhen iia iifirm iicreates iiand iiapplies iia
iistrategy iithat iicreates iivalue, iithis iiis iinot iilasting, iiyou iineed iito iibe iiin iithe iishoes iiof iithe
iicompetitor.
Competitive iiadvantage ii- iiAnswers ii-When iia iifirm iiformulates iiand iiimplements iia iiset
iiof iistrategies iito iikeep iicustomers iicoming iiback ii
Competitors iifind iiit iieither iicostly, iior iihard iito iiimitate.
obove-average iireturns ii- iiAnswers ii-Returns iiin iiexcess iiof iiwhat iithe iiinvestor iiwould
iitypically iiexpect iifrom iimaking iiinvestments iifrom iisimilar iirisks.
Expectations iiof iireturns iivary iifrom iithe iidifferent iiforms iiof iiinvestment.
Expectations iion iiROI iivaries iiwith iithe iirisk iiof iiinvestment
strategic iimanagement iiprocess ii- iiAnswers ii-full iiset iiof iicommitment, iidecisions iiand
iiactions iithat iia iifirm iitakes iito iigenerate iivalue iiand iicreate iia iicomparative iiadvantage.
Framework ii3 iiparts iiof iimgt iiprocess ii- iiAnswers ii-Analysis
Strategy
performance
Technology iiDiffusion ii- iiAnswers ii-How iifast iitechnology iican iipermute.. iiLack iiof iicell
iiphones iiin iiindia, iiand iinow iieveryone iihas iione
Technology iiDisruption ii- iiAnswers ii-Whatsapp iifrom iia iibusiness iistandpoint..video
iicalls, iitexting iiand iiphone iicall iiis iiencrypted iiin iione iiapp...
These iitwo iiare iiexamples iithat iiare iichanging iithe iicompetitive iilandscape.
Information iiage ii- iiAnswers ii-Availability iiof iiinfo. iiHas iiprovided iieffectiveness iiand
iiefficiency...making iithings iibetter iiand iimore iiefficient.
importance iiof iiknowledge ii- iiAnswers ii-85% iiof iishareholder iivalue iiis iicoming iifrom
iiintangible iiresource iicoming iiwithin iithe iifirm's iicompetitive iiadvantage.
Strategic iiflexibility ii- iiAnswers ii-Set iiof iicapabilities iithat iia iifirm iican iiapply iito iideal iiwith
iithe iihyper iicompetitive iimarket
Uses iiuncertainty iiand iirisks iiof iihyper iicompetitive iimarket.
Industry iiOrganization iiI/O iiModel: ii- iiAnswers ii-Focused iion iithe iiexternal iienvironment
, The iiexternal iienvironment iiunder iiwhich iithe iifirm iioperates iiwill iidetermine iithe iiability
iifor iia iifirm iito iigenerate iiabove-average iireturns. ii
Internal iienvironment iidoes iinot iimatter ii
This iimodel iihelps iifind iithe iimost iiattractive iiindustry
Resource iiare iicore iicompetencies: iiHow? iiThrough iithe iifollowing.. ii- iiAnswers ii-
Valuable: iicertain iiresource iiprovide iidistinct iiadv. iiTo iithe iifirm iito iiexploit iiopportunities
iiin iithe iiindustry
→ iiInimitable: iihard iifor iithe iicompetitor iito iiimitate ii(intel iiFAB ii42)
→ iiNon-substitutable: iiCompetition iicomes iiup iiwith iiways iito iiget iithe iilike iiresources ii(to
iithe iiones iiin iiyour iifirm)
→ iiRare: iifew iiof iithose iiresources iiare iiavailable
These iiresources iicoming iitogether iiand iibeing iiintegrated iiinto iicapabilities iibecome iithe
iicore iicompetencies.
It iiis iiboth iithe iiI/O iimodel iiand iiresource-based iimodel iithat iilead iito iithe iifirm's iisuccess
ii(competitive iistrategy iidecision). ii- iiAnswers ii-TRUE
5 iiforces iimodel iiof iicompetition: ii- iiAnswers ii-Understanding iithe iicompetition's iicore ii
→ iiIntensity iiof iirivalry iiin iithe iiindustry
→ iiThreat iiof iibuyers ii
→ iiThreat iiof iisuppliers ii
→ iiThreat iiof iisubstitutes ii
→ iiThreat iiof iinew iientrants
Successful iivision: ii- iiAnswers ii-Stretches iiand iichallenges iipeople
Effective iiMission: ii- iiAnswers ii-gives iithe iiability iifor iimgt iito iicommunicate iiwith iithe
iiemployees iion iihow iithe iifirm iiwill iiconduct iiits iibusiness iiin iirealization iiof iiits iivision
→ iiShould iibe iiinspiring iiand iirelevant iito iiall iistakeholders. ii
→ iiSubject iito iichange iiwith iithe iiexternal iienvironment, iiinternal iiconditions iihowever
iithe iivision iistays iiput iifor iia iilonger iiterm.
Stakeholder ii- iiAnswers ii-people iiimpacted iiby iithe iifirm iiin iione iiway, iior iianother iiand
iiaffected iiby iithe iioutcomes iithe iifirm iihas iiachieved iiin iithe iishort iiand iilong iiterm. iiThey
iican iihave iienforceable iiclaims iion iithe iifirm's iiperformance.
3 iilarge iistakeholders ii- iiAnswers ii-Capital iimarket iistakeholders:
Banks iiand iilending iiagencies iithat iibring iicapital iito iithe iifirm
Types iiof iiproduct iimarket iistakeholders: ii- iiAnswers ii-Suppliers: iiprovide iiinputs iithat iigo
iiinto iithe iifirm's iifinal iiproduct iiand iiservice
→ iicustomers: iipeople iibuying iithe iigoods iithe iifirm iisells iito iicreate iiabove iiavg iireturns ii
→ iihost iicommunities: iiinfluence iithe iifirm iiand iiare iiimpacted iiby iithe iifirm's
iiperformance ii
→ iiunions: iiemployees iiare iiinput iifactors iiof iithe iifirm. ii
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