Exam (elaborations)
COB 300 A Management Chapter 6 Exam Questions and Answers
- Course
- Institution
COB 300 A Management Chapter 6 Exam Questions and Answers
[Show more]
Content preview
COB 300 A Management Chapter 6 ExamQuestions and Answers
Sustainable Advantage - Answers -Value provided by a firm that cannot be duplicated
by other companies
Resources must be:
-Valuable (employees)
-Rare (diamonds)
-Imperfectly imitable (google maps)
-Nonsubstitutable (customer service)
Strategy-Making Process - Answers -Assessing the need for strategic change
Conducting a situational analysis
Choosing strategic alternatives
Competitive inertia - Answers -Reluctance to change strategies or competitive practices
that have been successful in the past
Strategic dissonance - Answers -Discrepancy between a company's intended strategy
and the strategic actions taken by managers when implementing that strategy
SWOT analysis - Answers -- Strengths and weaknesses in an organization's internal
environment
- Opportunities and threats in an organization's external environment
Shadow-strategy task force - Answers -Committee that analyzes a company's own
weaknesses to determine how they could be exploited
Strategic Reference Point Theory - Answers -Managers should either choose a risk-
avoiding strategy or a risk-seeking strategy
- Decision is based on whether the company falls above or below strategic reference
points
- Strategic reference points should be frequently revised
Porter's Five Industry Forces - Answers -- Threat of new entrants
- Bargaining power of suppliers
- Bargaining power of buyers
- Threat of substitute products
- character of rivalry
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now