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WPC480 Lacey Exam Questions and Answers
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WPC480 Lacey Exam Questions and Answers
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WPC480 Lacey Exam Questions andAnswers
Ackbar, iiInc. iihas iihad iihigh iigrowth iiin iiprofits iifor iiseveral iiyears, iiand iieach iiyear iiit iihas
iihad iithe iihighest iiprofits iiever. iiAs iia iistrategic iianalyst iican iiyou iiconclude iithe iifirm iihas
iia iistrategic iicompetitive iiadvantage? ii- iiAnswers ii-No iimore iiinformation iiis iineeded; iithe
iievidence iishows iithe iifirm iihas iia iistrategic iiadvantage.
T/F iiA iifirm iihas iia iisustainable iicompetitive iiadvantage iiwhen iiit iican iioutperform iiits
iicompetitors iiin iithe iilong iiterm. ii- iiAnswers ii-True
A iifirm iipursuing iisustainable iicompetitive iiadvantage iiuses iistrategic iipositioning iifor
iiwhat iipurpose? ii- iiAnswers ii-To iitry iito iiavoid iidirect iicompetition.
How iican iiyou iiidentify iithat iia iifirm iiseeking iia iistrong iistrategic iiposition iihas iibeen
iimaking iistrategically iihelpful iitradeoffs? ii- iiAnswers ii-The iifirm iidoes iinot iipursue iisome
iimarket iiopportunities.
T/F iiMost iiof iithe iistatistical iivariance iiin iiprofitability iiis iidue iito iidifferences iiat iithe iilevel
iiof iithe iifirm; iithe iidifferences iiacross iiindustries iionly iiexplains iiabout iihalf iias iimuch iiof
iithe iivariance iiin iifirm iiprofitability. ii- iiAnswers ii-T
T/F iiA iiblack iiswan iievent iirefers iito iian iientirely iiunpredictable iioccurrence iithat iihas iia
iibig iiimpact. ii- iiAnswers ii-T
T/F iiThe iibest iiway iito iimeasure iistrategic iicompetitive iiadvantages iiis iiby iishareholder
iivalue iicreation. ii- iiAnswers ii-F
T/F iiIt iisays iiin iithe iitextbook iithat iithe ii"three ii[main] iiperformance iidimensions iitend iito
iibe iicorrelated, iiparticularly iiover iitime" iibecause iieach iielement iiaffects iithe iiother.
iiGiven iithe iicorrelation iibetween iithe iithree, iiit iiwon't iimatter iimuch iiwhich iione iiis iiused
iito iievaluate iicompetitive iiadvantage. ii- iiAnswers ii-F
T/F iiThe iihigher iiproportion iiof iiassets iithat iiare iitangible, iithe iimore iiaccurate
iiaccounting iiprofit iias iia iimeasure iiof iicompetitive iiadvantage. ii- iiAnswers ii-T
T/F iiA iimajor iidifficulty iiin iiusing iithe iieconomic iivalue iiapproach iito iimeasuring
iicompetitive iiadvantage iiis iiestimating iithe iicounterfactual iiof iiwhat iipeople iiwould iihave
iibeen iiwilling iito iipay. ii- iiAnswers ii-T
, Which iiof iithe iifollowing iiways iiof iimeasuring iiand iievaluating iicompetitive iiadvantage iiof
iia iifirm iiare iimost iilikely iito iibe iithe iifocus iiof iithe iiCEO iiof iia iipublic iifirm? ii- iiAnswers ii-
Shareholder iiValue
"Halo iiEffect": iiCEO iiof iia iisuccessful iifirm iihas iiproven iiskills iiat iimaking iia iifirm
iisuccessful. ii- iiAnswers ii-High iiperformance iiof iithe iifirm iiforms iia ii"halo" iithat iiis
iireflected iionto iithe iiCEO's iireputation iiand iicauses iipeople iito iibelieve iithe iiCEO iicause
iithe iifirm's iiperformance.
"Halo iiEffect": iiTheories iican iibe iicreated iiabout iihow iito iiachieve iihigh iifirm
iiperformance iithat iiare iiequally iiaccurate iiand iiuseful iiin iiall iicontexts. ii- iiAnswers ii-
Managerial iitheories iihelp iiunderstand iibetter iihow iito iisort iiimportant iifrom iiunimportant
iidata iito iimake iibetter iidecisions.
"Halo iiEffect": iiA iifirm iithat iimakes iihuge iiprofits iiis iia iisuccess. ii- iiAnswers ii-The
iisuccessfulness iiof iifirm iiperformance iiis iialways iidefined iirelative iito iicompetitors
iiand/or iiopportunity iicosts.
"Halo iiEffect": iiManagers iican iibest iilearn iiby iistudying iisuccessful iifirms. ii- iiAnswers ii-It
iiis iieasy iito iibe iimisled iiwhen iistudying iicomplex iisubjects iiif iiyou iidon't iistudy iiboth
iisuccessful iiand iiunsuccessful iicases.
Porter's iiFive iiForce ii- iiAnswers ii-1. iiBargaining iipower iiof iicustomer
2. iiBargaining iipower iiof iisupplier
3. iiThreat iiof iinew iientry
4. iiThreat iiof iisubstitute
5. iiCompetitor iirivalry
PESTEL iiAnalysis ii- iiAnswers ii-- iiPolitical: iinon-market iistrategy
- iiEconomic: iimacro-economic iicondition iiof iia iicountry iior iia iiregion
- iiSociocultual: iicultures, iinorms, ii& iivalues
- iiTechnological: iiapplication iiof iinew iiknowledge
- iiEnvironmental: iinature
- iiLegal: iigoverning iilaws, iimandates, ii& iiregulations
What iiis iithe iivalue iito iia iistrategic iianalyst iiof iidoing iia iiPESTEL iianalysis? ii- iiAnswers ii-
Identifies iistable ii"rules" iiof iithe iicompetitive iigame.
What iidoes iia iifive iiforces ii(or iiindustry iistructure) iianalysis iihelp iia iistrategic iianalyst
iidiscover? ii- iiAnswers ii-Who iigets iithe iiprofits iiproduced iiby iithe iiindustry iimembers.
An iiindustry iihas iia iinew iitechnological iichange iithat iilowers iithe iioverall iiprice iiof
iiproducing iiits iiproducts iiby iias iimuch iias ii40% iiand iithis iihas iiled iito iivery iihigh iiprofits
iiin iithe iishort iiterm iifor iieveryone iiin iithe iiindustry. iiIn iithe iilonger iiterm, iiwhat iiare iilikely
iito iihappen iito iithe iiindustry iistructure? ii- iiAnswers ii-- iiBargaining iipower iiof iisuppliers
iiwill iinot iibe iiaffected.
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