Sevi 3013 - Study guides, Class notes & Summaries

SEVI 3013 Exam 1 | 90 Questions with 100% Correct Answers | Verified | Latest Update 2024 strategic competitiveness - achieved when a firm successfully formulates and implements a value-creating strategy strategy - an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage competitor analysis - focuses on each company against which a firm competes directly In a competitor analysis, the firm seeks to understand the follo...

SEVI 3013 Exam 1 | 55 Questions with 100% Correct Answers | Verified | Latest Update 2024

SEVI 3013 Exam 1 | 55 Questions with 100% Correct Answers | Verified | Latest Update 2024

SEVI 3013 Final Exam UARK | 107 Questions with 100% Correct Answers | Verified | Latest Update 2024 Four components of the external environmental analysis - Scanning, Monitoring, Forecasting, Assessing Scanning - Identifying early signals of environmental changes and trends Monitoring - Detecting meaning through ongoing observations of environmental changes and trends Forecasting - Developing projections of anticipated outcomes based on monitored changes and trends Assessing - Determining t...

SEVI 3013 Final Exam Uark | Questions with 100% Correct Answers | Verified | Latest Update 2024 General Environment - Composed of dimensions in the broader society that influence an industry and the firms within it Dimensions of the General Environment - 1. Demographic 2. Economic 3. Political/legal 4. Sociocultural 5. Technological 6. Global 7. Sustainable physical environment Demographic Segment - -Population size -Age structure -Geographic distribution -Ethnic mix -Income distrib...

SEVI 3013 Exam 1 Rodeffer Questions and Answers Rated A+ Strategic management 3 steps analysis, decisions, actions Strategy the ideas, decisions, and actions that enable a firm to succeed Strategy characteristics it is about choices and is focused on the future Strategic management 3 steps key activities performed Analysis: strategic goals (vision, mission, strategic objectives) and internal/external environment. Decisions: Actions: resource allocation Attributes of strategic management -Dir...

Strategic Management - SEVI 3013 | 70 Questions with 100% Correct Answers | Verified | Latest Update 2024 What is strategy? - A set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors What is effective strategy? - Enables a firm to exploit core competencies in a way that differentiates itself from competitors - enabling the firm to outperform its rivals, and achieve above average returns What is strategic management? - An integrative manageme...

SEVI 3013 EXAM 2 QUESTIONS AND ANSWERS 100% PASS What is Business Model? Describes what a firm does to create, deliver, and capture value for its stakeholders How is Business Model Related to Strategy? A company's business model is a part of its business' overall strategy. It is a component in how the company plans to achieve its goals. What are the Components of a Business Model? How do Business Models Help Make Strategic Decisions? Customer Value Concept (CVC) Revenue Streams Cost ...

SEVI 3013 Strategic Management Exam 2 Questions with 100% Correct Answers | Verified | Latest Update 2024

SEVI 3013 Strategic Management Exam 2 Questions with 100% Correct Answers | Verified | Latest Update 2024