Porter generic - Samenvattingen, Aantekeningen en Examens

Why is it important for you to understand business strategy? correct answers When starting a company or being president or general manager within one, developing strategy is a primary job. As a junior officer in a company, developing and implementing ideas that are consistent with corporate strategy could lead to early promotions. You can also evaluate the potential success of companies that you may work for by understanding their strategy. How would you describe/define strategy? correct answ...

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Which of the following is not included as one of Porter's three generic strategies? Broad differentiation. Broad cost leadership. Supplier cost differentiation. Focused strategy Ans: supplier cost differentiation Which of the following is not considered a core driver of the information age? Information. Data. Competitive Intelligence. Business Intelligence. Ans: ...

MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...

MISY Test 1MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stand for? - correct answer Management Information System How are the majority of companies today typically organized? - correct answer By departments or functional areas. Which of the following is a common approach to closing an MIS skills gap? - correct answer Off-site training. ...

using porter or bomanQuestionusing porter or boman's strategic clock explain what are the growth strategies for sacha cosmetics .use citations as well as scholarly  referencesAnswer & ExplanationWe can use Porter's Generic Strategies framework to analyze the strategies for Sacha Cosmetics. Michael's framework outlines three primary strategies for achieving competitive advantage: Cost Leadership, Differentiation, and Focus. Each strategy can be applied to understand how S...

SCM 470 Business Strategy Already Rated A+ Corporate Strategy an overarching strategy of a firm Business Strategy the aggregated strategies of a single single or strategic business unit Functional Strategy includes marketing, new product development, human resources, finance, legal, operations, supply chain, IT, etc. emphasis on short and medium term plans and is limited to the domain of each departments functional responsibility must link with the business strategy through underst...

List and describe the components of Porter's Strategy typology - correct answer - Michael Porter - Creating Value Competitive Advantage - Value: • Low-Cost Strategy: reduce cost; lean; keep prices low • Differentiation Strategy: product must be unique from competitors; can charge higher prices Explain the concept of "core capabilities" - correct answer Core Capabilities: create a competitive advantage, strategic reso...

Misy 3310 Exam 1 Questions With Verified And Updated Answers. Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter. Which of the following is not included as one of Porter's three generic strategies? Broad differentiation. Broad cost leadership. Supplier cost differentiation. Focused strategy - answersupplier cost differentiation Which of the following is not considered a core driver of the information age? Information. ...

Which of the following represents the core drivers of the information age? - correct answer Data, Information, Business Intelligence, Knowledge What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making? - correct answer Business intelligence What is Porter's Five Forces Model? - correct answer Analyzes the competitive forces within the environment i...

QHT1 Provide strategy recommendations for Ford Motors.Use Porter™s three generic strategie QHT1 Provide strategy recommendations for Ford Motors.Use Porter™s three generic strategies: Cost Leadership, Differentiation, or Focus. Provide the reasoning for each.