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Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because demand for landline telephones has declined significantly, the industry average return on invested capital has been negative (-5 percent) for the last few years. In this scenario, Mainline Ltd. has a competitive advantage. A positive relationship between vision statements and firm performance is more likely to exist when organizational structures are aligned wi...

What is Strategy? What you will and will not do Strategy Definition Integrated and coordinated set of actions that exploit core competencies Competitive Advantage Something you do better than anyone else Sustainable Competitive Advantage Components (GOING TO BE A SHORT ANSWER, THINK OF UBER) Cost to imitate, valuable, rare, and non-substitutable Costly to Imitate a unique, historical event Casually Ambigous Competitors don't know how you do what you do ...

Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the industry average. Sust...

A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy analysis. Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over a prolonged period of time? sustainable competitive advantage Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. These unique qualities have helped the comp...

Strategic Management - integrative management - combines: Analysis, Formulation, and Implementation - designed to look for a companies competitive advantage - helps you think like a GM What is Strategy? - to Gain and Sustain Competitive Advantage - its a set of Goal-directed actions to gain and sustain Superior Performance What makes a Good Strategy? 1.Analyze firms External and Internal Environments 2. Strategy Formulation 3. Accomplished through Strategy Implementa...

Merger Two firms agree to integrate their operations on a relatively co-equal basis Acquisition Controlling 100% interest to make acquired firm a subsidiary business within its portfolio Hostile Takeover Target firm did not solicit the acquiring firm's bid but they eventually agree Market Power Bigger firms with more resources and capabilities (and customers) may achieve... Market Power • Can sell goods or services at prices above competitive levels • Can d...

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. 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. ...

hardcore rap rap style with strong political and sometimes violent content that emerged in the late 1980s and early 1990s inner-city struggle during 1980s Reagan-Bush era structural changes in the urban economy inner-city struggle during 1980s Reagan-Bush era Production factory closures and expansion of high-tech industries inner-city struggle during 1980s Reagan-Bush era Continuing rise in unemployment and poverty inner-city struggle during 1980s Reagan-Bush era ...

What type of entities are regulated by the HIPAA Privacy Rule? health plans, health care clearinghouses, and health care providers Information Technology adoption by the healthcare industry has advanced at a much more rapid rate than other industries false Which of the following factors are considered obstacles to widespread adoption of Information Technology in Healthcare? Fragmented healthcare system, healthcare is highly regulated industry, and there exists a shortage of trai...

Informational Social Influence influence resulting from one's willingness to accept other's opinions about reality Normative Social Influence influence resulting from a person's desire to gain approval or avoid disapproval Elaboration Likelihood Model (ELM) a theoretical model that posits two channels by which persuasive appeals lead to attitude change: a central route and a peripheral route Reciprocity idea that if you do something for someone, they owe you something...