Strategic Competitiveness correct answers is achieved when a firm successfully formulates and implements a value-creating strategy.
Strategy correct answers an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage.
Com...
MGT 499 (Strat Mgt): Ch 1, TCNJ Neves(Complete
solutions)
Strategic Competitiveness correct answers is achieved when a firm successfully formulates and
implements a value-creating strategy.
Strategy correct answers an integrated and coordinated set of commitments and actions designed to
exploit core competencies and gain a competitive advantage.
Competitive Advantage correct answers A firm has this when they implement a strategy that creates a
superior value for customers and competitors are unable to duplicate or find to costly to try to imitate.
Above-Average Returns correct answers returns in excess of what an investor expects to earn from other
investments with similar risk.
Risk correct answers an investors uncertainty about the economic gains or losses that will result from a
particular investment.
Average Returns correct answers returns equal to those an investor expects to earn from other investments
with similar risk.
Strategic Management Process correct answers the full set of commitment, decisions, and actions required
for a firm to achieve strategic competitiveness and earn above-average returns.
Global Economy correct answers one in which goods, services, people, skills and ideas move freely
across geographic borders.
Strategic Flexibility correct answers a set of capabilities used to respond to various demands and
opportunities existing in a dynamic and uncertain competitive environment.
Resources correct answers inputs into a firms production process, such as capital equipment, the skills of
individual employees, patents, finances, and talented managers.
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