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MANA 3335 Exam 2 Questions and Correct Answers | Latest Update $11.49   Add to cart

Exam (elaborations)

MANA 3335 Exam 2 Questions and Correct Answers | Latest Update

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  • Course
  • MANA 3335
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  • MANA 3335

resources -:- the assets, capabilities, processes, employee time, information, and knowledge that an organization uses to improve its effectiveness and efficiency and create and sustain competitive advantage competitive advantage -:- providing greater value for customers than competitors c...

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  • September 19, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MANA 3335
  • MANA 3335
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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




MANA 3335 Exam 2 Questions and Correct
Answers | Latest Update
resources


✓ -:- the assets, capabilities, processes, employee time, information, and

knowledge that an organization uses to improve its effectiveness and

efficiency and create and sustain competitive advantage




competitive advantage


✓ -:- providing greater value for customers than competitors can




sustainable competitive advantage


✓ -:- a competitive advantage that other companies have tried

unsuccessfully to duplicate and have, for the moment, stopped trying to

duplicate




valuable resource


✓ -:- a resource that allows companies to improve efficiency and

effectiveness. resources that are congruent with company goals (for

example, a phone company wouldn't be buying tea leaves)




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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
rare

resource


✓ -:- a resource that is not controlled or possessed by many competing

firms




imperfectly imitable resource


✓ -:- a resource that is impossible or extremely costly or difficult for

other firms to duplicate (for example, social networks withi n a company

that a competitor can't recreate)




nonsubstitutable resource


✓ -:- a resource that produces value or competitive advantage and has no

equivalent substitutes or replacements (for example, copyrights and

patents)




competitive inertia


✓ -:- a reluctance to change strategies or competitive practices that have

been successful in the past




strategic dissonance


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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


✓ -:- a discrepancy between a company's intended strategy and the

strategic actions managers take when implementing that strategy




situational (SWOT) analysis


✓ -:- an assessment of the strengths and weaknesses in an organization's

internal environment and the opportunities and threats in its external

environment (strengths, weaknesses, opportunities, threats)




core capabilities


✓ -:- the internal decision-making routines, problem-solving processes, and

organizational cultures that determine how efficiently inputs can be

turned into outputs




strategic group


✓ -:- a group of companies within an industry against which top managers

compare, evaluate, and benchmark strategic threats and opportunities




core firms


✓ -:- the central companies in a strategic group



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