WPC 480 BUNDLED exams 2023 with 100% correct answers

Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and indiv...

corporate-level strategy specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets economies of scope cost savings a firm creates by successfully sharing resources and capabilities or trans...

Strategic Management - integrative management - combines: Analysis, Formulation, and Implementation - designed to look for a companies competitive advantage - helps you think like a GM What is Strategy? - to Gain and Sustain Competitive Advantage - its a set of Goal-directed actions t...

Corporate Strategy The decisions & actions taken to gain & sustain competitive advantage in several industries and markets simultaneously What does corporate strategy address? Where to compete on 3 dimensions: Industry value chain: vertical integration Products & services: diversifica...

Sustainable competitive advantage Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy How is sustainable competitive advantage created? created through a value-creating strategy, based on core competencies critical strategic strategy disruptive tech...

sustainable competitive advantage Competitors are unable (or unwilling) to duplicate the benefits of a firm's strategy Is created through a value-creating strategy, based on core competencies. What are some strategic challenges businesses face? - Tech (*THIS IS A CRITICAL ONE) - Global...

Corporate-Level Strategy What businesses should the firm be in? How should the corporate office manage those businesses? Units should be worth more under the firm umbrella- Synergies Two Levels of Strategy Business-level Strategy - Selecting strategy (e.g. cost leadership and differentiati...

Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a high ...