Exam 1: What Is Strategy and Why Is It Important

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What is an entry barrier?

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Do you agree or disagree with Friedman's assessment that the world is flat? Be sure to justify your answer.

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Environmental scanning is the acquisition and analysis of events and trends in the environment _________ to an organization.

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___________ value activities in the value chain acquire raw materials and manufactures, delivers, markets, sells, and provides after-sales services.

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Which information culture allows employees across departments to use information (especially about problems and failures) to improve performance?

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What are raw facts that describe the characteristics of an event?

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