Exam 5: Developing Mission, Vision, and Values

According to the strategy diamond, answers to strategy questions about _____________ tell managers and employees where the firm will be active.

According to the strategy diamond, ________________ tells us how profits will be generated above the firm's cost of capital.

_______________ defines the breadth of a company's target market.

A tool that will help you understand how clearly and completely you have crafted a strategy is called the __________________.

Strategy is a pattern of resource allocation choices and organizational arrangements that result from managerial decision making.

The best strategies, corporate and business, are based on a thorough SWOT analysis.

What is the general environment of a firm?

How did XEROX prove unable to exploit its innovative resources ion 5

What is the best way to develop a strategy ion 3

What questions about a company and its environment did the original conception of the strategy model answer?

Superiority in competitive advantage refers to all of the following factors EXCEPT:

Almost anything a firm possesses can be considered a core competency.

The more difficult it is for other firms to enter a market the more likely it is that existing firms can make relatively high profits.

The five-forces model recognizes that suppliers can become a firm's competitors, as can buyers.

Which of the following is considered an intangible resource?

How has Amazon.com created competitive advantage?

The actual strategy that is implemented in a firm is called ________________.

The likelihood that firms will enter an industry is a function of what two factors?

______________ are assets that can be seen and quantified.

A(n) ______________ is a group of firms producing products that are close substitutes.