Globus exam 1 Study guides, Class notes & Summaries

T/F: Differentiation and cost leadership are only effective in manufacturing industries. F T/F: The major value drivers that managers have at their disposal when using a differentiation strategy include product features, customer service, and complements T T/F: A differentiator will always benefit when products have become commonditized F T/F: A cost leader is the firm most likely to survive a price war T A __________ primarily details the goal-directed actions ma...

Globus Exam 1: Chapter 5 Exam Questions and Answers 100% Pass What two things must you do in order to accurately measure competitive advantage? - Answer- 1. Accurately assess firm performance 2. Compare and benchmark the focal firms performance to other competitors in the same industry Define Total return to shareholders - Answer- is an external performance metric and indicates how the market views all publicly available information about a firms past, current state, and future. What th...

Globus Exam 1 Chapter 3

Globus Exam 1 Chapter 3

strategic management integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors good strategy enable a firm to achieve superior performance relative to its competitors. Consisted of 1) a diagnosis of the competitive challenge. 2) a guiding policy to address the competitive challenge. 3) a set o...

Globus Exam 1

Globus Exam 1 Chapter 5

Globus Exam 1: Chapter 5 Exam Questions and Answers 100% Pass What two things must you do in order to accurately measure competitive advantage? - Answer- 1. Accurately assess firm performance 2. Compare and benchmark the focal firms performance to other competitors in the same industry Define Total return to shareholders - Answer- is an external performance metric and indicates how the market views all publicly available information about a firms past, current state, and future. What th...

T/F: Differentiation and cost leadership are only effective in manufacturing industries. F T/F: The major value drivers that managers have at their disposal when using a differentiation strategy include product features, customer service, and complements T T/F: A differentiator will always benefit when products have become commonditized F T/F: A cost leader is the firm most likely to survive a price war T A __________ primarily details the goal-directed actions ma...

Study Globus Exam 1: Chapter 4 Flashcards Learn Test Match Term 1 / 13 Define Core Competencies Definition 1 / 13 are unique deeply embedded firm specific strengths that allow companies to differentiate their products and services Profile Picture Created by Felix00139 Terms in this set (13) Original