Michael porter - Study guides, Class notes & Summaries

Mercantilism, as advocated in the 16th and 17th centuries, believed that countries should simultaneously encourage both imports and exports. → False Largely discredited and primitive, mercantilism still influences the trade policies of many countries today. → True Free trade refers to a situation where a government, through quotas or duties, attempts to influence what its citizens can buy from another country, or what they can produce and sell to another country. → False Davi...

QHT1 The topic is Ford Motors. From Porter's Three Generic Strategies, determine if the D QHT1 The topic is Ford Motors. From Porter's Three Generic Strategies, determine if the Differentiation Strategy would be a good strategy for Ford Motors.  The objective here is to determine and demonstrate the degree of €œfit€ between strategy and structure. Porter's Three Generic Strategies Porter's Three Generic Strategies are a framework proposed by Michael Porter that businesses can u...

Managerial Economics - ANSWER-The study of how to direct scarce resources in the way that most efficiently achieves a managerial goal How to calculate economic profit - ANSWER-= accounting profit - opportunity cost Basic Principles compromising effective management - ANSWER--Identifying goals and constraints -Recognize the nature and importance of profits -Understand incentives -Understand markets -Recognize the time value of money -Use marginal Analysis The three rivalries in econ...

Principles of Management - C483 WGU (Pre-Assessment) Exam Questions and Answers 100% Solved Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? - Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? - Strengths What denotes skills or expertise in an activity that constitutes the roots of competitive...

BTMA 317 Pre-Test With Correct Answers. Michael Porter Strategy - correct answer A competitive strategy is a statement that identifies a business's approach to compete, its goals, and the plans and policies that will be required to carry out those goals - Porter The #1 Purpose of Strategy is - correct answer Alignment Industry Analysis - correct answer 1. Competitive Forces 2. Strategic Alignment 3. Type Of Strategies 4. Strategic Planning Strategic Alignment - correct answer Pr...

BUAD 331 Exam 2 Questions And Answers (Verified And Updated) Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - answerB. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - answerB. Customers When purchasing and supply management works well within an organ...

BTMA Midterm fully solved graded A+Business Strategy - correct answer 1. Marketing Strategy 2. IT Strategy 3. Operations Strategy 4. Product Strategy Alignment - correct answer Michael Porter - #1 Purpose is ______ Simplified Value Chain - correct answer 1. Defining Value Chain 2. Capturing Cost Data 3. Controlling Cost 4. Cutting Buyers Cost 5. Determining Purchasing Criteria 6. Reconfiguring Value Chain Industry Analysis - correct answer 1. Competitive Forces 2. Strategic Pla...

LSUS ISDS 705 Module 2 Complete Answers 1991 Erik Brynjolfsson - Communications of the ACM, "The Productivity Paradox of Information Technology: Review and Assessment" ️the addition of information technology to business had not improved productivity at all Explanations of productivity paradox ️1. Measurement of outputs and inputs 2. Lags due to learning and adjustment 3. Redistribution and dissipation of profits 4. Mismanagement of information and technology 1998 Brynjolfsson...

A strategic information system is one that attempts to do one or more of the following: (select all that apply) - *help an organization focus on a specific market segment *deliver a product or a service at a lower cost *enable innovation *deliver a product or service that is differentiated According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company's standing in an industry, except for which one...

BUAD 331 Exam 2 (Knowledge Checks) Questions and Answers Already Passed office supplies for an automobile manufacturer would fit in the supply and commodity category titled "Indirect Materials Office Supply Product category" (t/f) true you are in charge of buying a new make and model of work computers for the entire company HQ. you know it will be expensive, but have many options to choose from so you can make computer manufacturers bid against each other. Why type of commodity are t...