Competitve advantage - Study guides, Class notes & Summaries

Competitve Advantage correct answers superior performance relative to other competitors in the same industry or industry average Sustainable Competitve Advantage correct answers a firm implements a value-creating strategy of which other companies are unable to duplicate the benefits or find it too costly to imitate - an important basis is the development of resources and capabilities Industry Effects correct answers The results attributed to the choice of industry in which to compete (20...

knowledge workers Ans- People who spend most of their workday creating, using, and distributing information. roles of IS in business Ans- Information systems support an organization's business processes, operations, decision making, and strategies for competitve advantage. support of business processes and operations Ans- Using IT to reengineer business processes to suport e-business operations. support of business decision making Ans- Using Web-based decision support systems to su...

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...

BPL 5100 - Quiz 1 Exam Questions All Correct Answers Current Update what is strategic management? - Answer -the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - Answer -analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing...

Competitive Advantage correct answers __________________ describes a company's success when the company acquires or develops capabilities that facilitate outperfoming the competition. Compensation correct answers _________________ represents both the intrinsic and extrinisc rewards employees recieve for performing their jobs and for their membership as employees. Total Compensation correct answers _________________ is a system represented by the combination of both the intrinsic and extri...

what is strategic management? correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management correct answers analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic m...

Chapter 1 Types of Marketing Management Orientations Product, Sales, Market, and Societal Marketing. Product Orientation focuses on what they can make best, instead of what the customers want. (what can we do) Sales Orientation focuses on what the company can sell. Market Orientation focuses on not only internal factors(production, sales) but on external factors (what the customer is looking for). societal marketing orientation keep society interest at hea...

what is strategic management? correct answers the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management correct answers analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic m...

Principles of Marketing CLEP Exam Questions and Answers 100% Pass Marketing concept - Answer- The marketing management philosophy that holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering desired satisfactions more effectively and efficiently than competitors. Six Primary Marketing functions - Answer- Environmental Analysis Consumer Analysis Product Planning Price Planning Promotion Planning Physical Distribution (Place)...

knowledge workers People who spend most of their workday creating, using, and distributing information. roles of IS in business Information systems support an organization's business processes, operations, decision making, and strategies for competitve advantage. support of business processes and operations Using IT to reengineer business processes to suport e-business operations. support of business decision making Using Web-based decision support systems to support sales managers. ...