Globus exam 1 Study guides, Class notes & Summaries

Globus Exam 1 Chapter 5

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 managers take in their quest for competitive advantage when competing in a single product market. ...

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...

What two things must you do in order to accurately measure competitive advantage? - correct 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 - correct 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 three components are critical to evaluating any good...

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...

NR 546 Midterm Exam 2023/2024 Questions AND Answers Update A+ What should the PMHNP consider when prescribing chemical restraints? - Answer-- allergy status -prior med hx for adverse drug reactions r/t the meds ordered in the chemical restraint -state regulations regarding chemical restrains must be reviewed Are the PMHNP and other staff liable if the client has an allergic reaction or adverse side effects to the drugs used for chemical restraint? - Answer-No. The client has been court-...

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...

Define Core Competencies are unique deeply embedded firm specific strengths that allow companies to differentiate their products and services Define Resources are any assets that a company can draw on when crafting and executing strategy Define Capabilities are the organizational and managerial skills necessary to orchestrate a diverse set of resources to deploy them strategically Define Activities are distinct and fine grained business processes that enable firms to add...

Globus Exam 1 Chapter 3

Globus Exam 1/2023/2024 with 100% correct answers