ISDS 705 - Module 1 Exam Prep Question Guide with 100% Correct Answers

ISDS 705 - Module 1 Exam Prep Question Guide with 100% Correct Answers Sustainable Competitive Advantage *Ans* Financial performance that consistently outperforms industry peers. Operational Effectiveness *Ans* Refers to performing the same tasks better than rivals perform them, but the danger is "sameness." Fast Follower Problem *Ans* Exists when savvy rivals watch a pioneer's efforts, learn from their successes and missteps, then enter the market quickly with a comparable or superior product at a lower cost. Strategic Positioning *Ans* Refers to performing different activities from those of rivals, or the same activities in a different way. Having technology itself is easy to replicate, but using technology as a tool to differentiate your business makes it harder to copy. Inventory Turns *Ans* How fast the firm sells its product; higher inventory turns mean the firm is selling product faster, so it collects money quicker than its rivals do. And those goods are fresher since they've been in stock for less time, too. Straddling *Ans* Trying to do business in two different markets or niches. Resource-Based View of Competitive Advantage *Ans* If a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that have four critical characteristics. The resources must be: (1) Valuable (2) Rare (3) Imperfectly imitable (tough to imitate) (4) Non-substitutable Dense wave division multiplexing (DWDM) *Ans* Enabled existing internet fiber to carry more transmissions than ever before. Imitation-Resistant Value Chains *Ans* A way of doing business that others will struggle to replicate, and in nearly every successful effort of this kind, technology plays a key enabling role. Value Chain *Ans* A set of activities through which a product or service is created and delivered to customers. Primary components of a value chain *Ans* Inbound Logistics Operations Outbound Logistic