When a capability serves as a source of sustained competitive advantage for a firm, the firm...
When a capability serves as a source of sustained competitive advantage for a firm, the firm has created a(n) _____
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strategic mission. |
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inspiring vision. |
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core competency. |
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sustainable market niche. |
Homework Answers
This is called core competency as this is an important source of sustained competitive advantage.
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When a capability serves as a source of sustained competitive
advantage for a firm, the firm...
According to the VRIO Framework, a Sustained Competitive Advantage is a product of a resource or...
According to the VRIO Framework, a Sustained Competitive Advantage is a product of a resource or capability being valuable, rare, and costly to imitate when the organization in possession of said resource or capability is properly organized to capture value. True False
Familiarize yourself with the following terms and concepts to complete the assignment: strategic management, competitive advantage,...
Familiarize yourself with the following terms and concepts to complete the assignment: strategic management, competitive advantage, strategic plan, mission statement, vision statement, core values statement, AFI. Create a strategic management journal. Respond in 700- to 1050- words to the following prompts: Determine how AFI strategy framework acts as an integrative facilitator for strategic management planning. Identify the guiding principles used for preparing effective statements that describe the mission, vision, and the core values of an organization. determine whether the Caterpillar...
When can a company achieve sustainable competitive advantage? a) Whenever it possesses the most profitable business...
When can a company achieve sustainable competitive advantage? a) Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors b) When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors c) When it is able to produce better products for fewer costs than its rivals. d) When it consistently achieves both its long-term and short-term strategic and financial objectives. e)...
Sustainable competitive advantage means a firm outperforms its peers over a sustained period of time. Such...
Sustainable competitive advantage means a firm outperforms its peers over a sustained period of time. Such superior performance is noticed by the peer group that attempts to identify the source of the performance and copy it. This concept is called “benchmarking.” Which of the following demonstrates a benchmarking process? 1) Is SiriusXM’s business model working? Explain your answer. Go to investor.siriusxm.com and check whether SiriusXM’s recent financial reports indicate that its business model is working. Are its subscription fees increasing...
Does Nucor have a source of sustainable competitive advantage? If so, what is it? Justify your...
Does Nucor have a source of sustainable competitive advantage? If so, what is it? Justify your answer using the criteria for a resource or capability to be a source of SCA and the criteria for inimitability. If not, how do you explain why competitors have not been able to duplicate Nucor’s resources and achieve the same level of performance?
Which of the following is an example of a competitive advantage that a firm would have...
Which of the following is an example of a competitive advantage that a firm would have in a global industry? A. A core competency with added customer value B. A company website C. Technological advances in transportation D. Access to inexpensive supplier products E. Research and development
firm has a sustainable competitive advantage when it can outperform its competitors in the long term....
firm has a sustainable competitive advantage when it can outperform its competitors in the long term. O True O False
3. _______________ refers to top management’s plans to develop and sustain competitive advantage so that...
3. _______________ refers to top management’s plans to develop and sustain competitive advantage so that the organization’s mission is fulfilled. a. Vision c. Strategy b. Mission d. Competitive advantage 4. The strategic management process can be summarized in all of the following steps EXCEPT a. Internal analysis c. Strategy Evaluation b. Strategy Formulation d. External Analysis e. Strategic Philosophy f. Strategic Control f. N/A, all of these are steps in the process...
A firm has a competitive advantage when it a. Produces outputs from inputs efficiently b. Obtains...
A firm has a competitive advantage when it a. Produces outputs from inputs efficiently b. Obtains higher rates of economic profitability than rival firms within the same market c. Has a large market share d. All of the above statements are correct e. Only answers b and c are correct
1.The resource based view locates the source of advantage at the a. Individual firm level b....
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firm has a sustainable competitive advantage when it can outperform its competitors in the long term. O True O False
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