VRIO Study guides, Class notes & Summaries

WPC 480 (FINAL) Complete Questions And Answers 100% Solved 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? - answerCan assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. - answerFalse It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even tho...

WPC 480 (FINAL) Complete Questions And Answers 100% Solved 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? - answerCan assess nothing about competitive advantage. Firms that outperform all their competitors must have a high quality strategy. - answerFalse It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even tho...

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 competition, and capital outflow How do resou...

Delivering a unique value correct answers The base of a business strategy -->the reason a firm wins with customers or the value proposition it offers to customers -low cost advantage OR -differentiation advantage Competitive Advantage & Profits correct answers requires that a firm consistently outperform its rivals in generating above-average profits. -->a firm has a competitive advantage when it can consistently generate above-average profits through a strategy that competitors...

Define Industry correct answers group of producers of close substitutes Define Strategic Planning correct answers attempt to systematically examine the internal abilities of an organization and its external environment. Define SWOT correct answers Strengths, Weaknesses, Opportunities & Threats Regarding strategic planning, what does the question, "what do you want to accomplish?" relate to? correct answers missions & goals Regarding strategic planning, what does the question, "wha...

How would you evaluate Paul Polman’s 2010 decision to implement a new strategy based on the Unilever Sustainable Living Plan (USLP)? What benefits did it offer? What risks did it present? Gary Hamel and C.K.Prahalad proposed a framework called the Core-Competence Market Matrix ( depicted in the picture above ) In my view, Paul Polman’s basic objective of implementing this new strategy based on USLP was to create a new set of core competence, which would be rare and not easy to copy. Th...

What is PEST? For what is PEST used?* correct answers Macro-Environmental Analysis 1. Political/Legal 2. Economic 3. Social/Cultural 4. Technologoical 5. Environmental Name the five forces. What is the purpose of the five forces model?** correct answers Determine the attractiveness of an industry. 1. Buyer Power (Bargaining Power of Suppliers) 2. Bargaining Power of Suppliers 3. Threats of Subsititute Products 4. Threats of New Entrants 5. Complementary Goods 6. Rivalry Ex...

WPC 480 Chapter 4 Exam With Complete Solutions Core competencies - answerUnique strength, embedded deep within a firm, that are critical to gaining and sustaining competitive advantage. Resources - answerAny assets that a firm can draw on when formulating and implementing a strategy. Capabilities - answerOrganizational and managerial skills necessary to orchestrate a diverse set of resources and deploy them strategically. Activities - answerDistinct and fine-grained business processes th...

Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the industry average. Sust...

Strategic Management the integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategy set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. Three things for good strategy 1. diagnosis of competitive challenge 2. guiding policy to address competitive challenge 3. A set of coherent actions to implement the firm's guiding policy. competitive advan...