First mover advantage - Study guides, Class notes & Summaries

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...

WGU - C211 Global Economics for Managers:Exam questions with 100% correct answers Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? - ANSWERS New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since the dawn of human history. What is Foreign Dire...

Views of globalization (Chp 1.4) - 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking - Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of Market-seeking - Strategic goal - Abundance of strong market demand and cu...

Business Strategy: - ️️A leadership plan that achieves a specific set of goals or objects. Identifying Competitive Advantages: - ️️1. Decreasing costs 2. Attracting new costumers 3. Increasing customer loyalty 4. Increasing sales 5. Developing new products or services 6. Entering new markets Competitive Advantage: - ️️A product or service that an organization's costumers place a great value on than similar offerings from a competitor. First-Mover Advantage: - ️️Occ...

WGU C211 Study Guide Questions with 100% Correct Answers Views of globalization (Chp 1.4) - Answer- 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Answer- Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking...

WGU C211 Study Guide Questions with 100% Correct Answers Views of globalization (Chp 1.4) - Answer- 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Answer- Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking...

Views of globalization (Chp 1.4) - 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking - Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of Market-seeking - Strategic goal - Abundance of strong market demand and cu...

WGU C211 Study Guide Questions with 100% Correct Answers Views of globalization (Chp 1.4) - Correct Answer ️️ -1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Correct Answer ️️ -Location specific advantage = Possession of natural resources and related transport and communication infrastructure ...

Views of globalization (Chp 1.4) - 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking - Location specific advantage = Abundance of strong market demand and cust...

The best strategic offensives for companies involve which of the following? - Answer-1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - Answer-the company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful competitive strategy for a company if _____ - Answer-1. the company convinces buyers that its products ar...