Bcor 2304 Study guides, Class notes & Summaries

BCOR 2304 Final Exam Questions and Answers Already Passed strategy a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity two or more firms perform at the same level strategic positioning position in industry that allows firms to provide value to customers, while controlling costs mission r...

Strategic management - Answer-is the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. strategy - Answer-is a set of goal-directed actions a firm takes to gain and sustain superior performance relive to competitors Good Strategy - Answer-enables a firm to achieve superior performance and sustainable competitive advantage relative to competitors Three elements of good strategy - Answer-1. a diagnosis of the competiti...

Strategic Management - management field that combines analysis, formulation and implementation in search of competitive advantage Strategy - the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors 3 components of strategy (AFI) - 1. Analysis 2. Formulation 3. Implentation competitive advantage - when a firm has superior relative performance sustained competitive advantage - competitive advantage that is prolonged competitive disadva...

strategy - Answer-a set of goal-oriented actions a firm takes to gain and sustain superior performance relative to competitors strategic management - Answer-combines analysis, formulation, and implementation in finding competitive advantage mastry= view organization as a whole competitive parity - Answer-two or more firms perform at the same level strategic positioning - Answer-position in industry that allows firms to provide value to customers, while controlling costs mission - Answer-...

BCOR 2304 Final Review

strategy - a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment - combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity - two or more firms perform at the same level strategic positioning - position in industry that allows firms to provide value to customers, while controlling costs mission - reason for existence, what an organization do...

BCOR 2304 FINAL EXAM

Strategy Management - An integrative management field that combines analysis, formulation, and implementation in a quest for competitive advantage Strategy - The set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors Good Strategy - A strategy is good when it enables a firm to achieve superior performance. It consists of three elements (1) a diagnosis of the competitive advantage; (2) a guiding policy to address the competitive challenge;...

Strategic Management - the management field that combines analysis, formulation, and implementation while trying to create a competitive advantage strategy - a set of goal directed actions that firms take create and sustain advantage relative to other firms Stakeholder Strategy - an approach to managing a diverse set of stakeholders inside and outside of the firm in order to gain a competitive advantage Stakeholder Impact Analysis - a five step decision tool where strategic firm members ca...