VRIO Study guides, Class notes & Summaries

Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? Can assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. False It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even though the profitability of the firm has been negative for several ye...

TMP 120 Final Exam Questions & Answers 2023/2024 competitive advantage - ANSWER-When a firm possesses advantage over its rivals, it earns or has the potential to earn a persistently higher rate of profit. Higher returns allow reinvestment and continuing superior performance. What are the attributes of a firm that has a competitive advantage (VRIO) - ANSWER-Value: fits customer needs better than any other firm Rare: scarce resources Inimitability: hard to imitate Organized to capture m...

ENVRIO HEALTH MIDTERM: INFECTIOUS DISEASE QUESTIONS AND ANSWER 2023 GRADED A+ UPDATE

WPC 480: M1-M13 QUESTIONS AND ANSWERS 100% PASS The purpose of strategy in business is to do what? To create and provide the business with sustainable competitive advantage The difference between strategic decisions and tactical decisions is one of degree. The characteristics that differentiate between a strategic decision and a tactical decision is based on which of the following. Amount of available resources consumed by the decision, Ability to reverse the decision and Temporal im...

Core Competencies embedded strengths enabling value-creation Capabilities strategically orchestrating diverse resources Resources assets leveraged for strategy/ formulation Looking Inside the Firm for Core Competencies Competitive advantage derives from core competencies, which enable: 1. Differentiation of products/services creating perceived value, or 2. Cost leadership - offering products/services of comparable value at lower cost (Diagram) Looking Inside the...

Which two phrases represent the views of globalization? Choose two answers. - -- A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - -- Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - -Increases domestic production of the product. Which benefits come to the host country as a result of foreign direct investment? - -- Creation of domestic...

MBA 705 CH 8&9 Graded A+ Capital-Labor Substitution ️An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve ️The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies ️The strategies pursued by each functional area of ...

WGU C211 Study Guide Questions And Answers | 2023 Solutions Graded A+ What is Foreign Direct Investment? is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? Capital inflow, Technology, management, job creation What costs exist to a country receiving FDI? Loss of sovereignty, adverse effects on competitio...

Ryanair – the low-fares Airlines Case Study. Is Ryanair's strategy sustainable? Yes, Ryanair’s strategy is sustainable because it’s core competencies of ‘Low Price’, ‘Cost conscious culture’ and ‘R&D on aircraft design’ (A5) gives it competitive advantage.  Low Price Ryanair’s strategy is based upon this core competency. Strategies based upon core competencies are usually successful as articulated by Prahalad and Hamel in their article on core competencies [4] . ...

WGU C211 Comprehensive Exam Study Guide – Questions & Answers (Graded A+) WGU C211 Comprehensive Exam Study Guide – Questions & Answers (Graded A+) What is Foreign Direct Investment? - ANSWER - is direct investment in, control, and management of value-added activities in other countries. What different political views exist on FDI? - ANSWER - Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI? - ANSWER - Capital inflow, Technology, mana...