WPC 480 Ch1 Questions With Complete
Solutions
Competitive advantage Superior performance relative to other competitors in the same
industry or the industry average.
Sustainable competitive advantage Outperforming competitors or the industry average
over a prolonged period of time.
Competit...
Stakeholder strategy and integrative approach to managing a diverse set of stakeholders
effectively in order to gain and sustain a competitive advantage.
Stakeholder impact analysis A decision tool with which managers can recognize,
prioritize, and address the needs of different stakeholders, enabling the firm to achieve
competitive advantage while acting as a good corporate citizen
legitimate . A stakeholder has a _______ claim when it is perceived to be legally valid or
otherwise appropriate.
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