Competitive rivalry - Study guides, Class notes & Summaries

Which of the following is a firm effect that has an impact on the competitive advantage of a firm? A) The value and the cost position of the firm relative to its competitors B) The exit barriers within the industry in which the firm operates C) The intensity of rivalry among existing companies in the firm's chosen industry D) The number of companies operating in the industry in which the firm operates correct answers A A firm's business strategy will lead to a competitive advantage if i...

Strategic Competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy Strategy - integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage Competitive Advantage - when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitate. Above average returns - returns in excess of what an investor e...

Complete Solutions Manual for Strategic Management Concepts and Cases Competitiveness and Globalization, 14th Edition by Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson ; ISBN13: 9780357716762. Full SM Chapters included Chapter 1 to 13 + Cases Solutions. 1. Strategic Management and Strategic Competitiveness. 2. The External Environment: Opportunities, Threats, Industry Competition and Competitor Analysis. 3. The Internal Organization: Resources, Capabilities, Core Competencies and Comp...

WPC 480 Final Exam Questions and Answers Latest Update 2023-2024 | 100% Verified. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a benchmark. What is sustainable competitive advantage? - Outperforming competitors or the industry average over a prolonged period of time. What is competitive disadvantage? - Underperformance relative to other...

GMS 200 EXAM QUESTIONS AND ANSWERS ALL CORRECT Sustainable Competitive Advantage - Answer-The ability to outperform rivals in ways that are difficult or costly to imitate Strategy - Answer-a comprehensive plan guiding resource allocation to achieve long term organization goals Strategic Intent - Answer-Focusing and applying organizational energies on a unifying and compelling goal Corporate Strategy - Answer-a strategy that sets long term direction for the total enterprise Business ...

MNGT 4800 Final Exam Questions with Complete Solutions Updated Version Graded A+ Competitors (*Chapter 6*) Firms operating in the same market, offering similar products and targeting similar customers. Competitive Rivalry Ongoing set of competitive actions and competitive responses occurring between *two competitors* as they contend with each other for an advantageous market position (Coke vs. Pepsi). Competitive Dynamics Total set of actions and responses of all firms competing wit...

C211 OA Exam Questions and Answers Rated A+ Latest 2023/2024 (100% Correct Answers) view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist evolutionary view that claims globalization is swinging from one extreme to another from time to time pendulum ...

Economies of scale correct answers When costs can be spread across increasing units of production or in serving multiple customers. Businesses that have favorable economies of scale (like many Internet firms) are sometimes referred to as being highly scalable Porter's 5 Forces correct answers Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of ...

MAN 3025 EXAM 2 FGCU QUESTIONS AND CORRECT ANSWERS LATEST 2024/2025 GRADED A+ . 2 / 8 1. Strategic Positioning/ Sustainable Competitive Advantage: 2. Strategic Management: a process that involves managers from all parts of theorganization in the formulation and the implementation of strategies and strategicgoals 3. Strategic Analysis: the process of analyzing the organization, the environment, and the organization's competitive position and current strategies 4. strategy formulation: ...

INFORMATION SYSTEMS MANAGEMENT EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Information Systems - -A process that manages entering, storing, securing, and processing data Information - -In information systems management, it is the human-readable result of data processing, frequently in the form of a report Information Technology - -The technical components, such as computers, that are used in an information system Management Information System - -An information system that is focused o...