BUS 4993 BUSINESS CAPSTONE PROJECT
FINAL PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Strategy. Answer: The set of goal-directed actions a firm takes to
gain and sustain superior performance relative to competitors
◉ Competitive Advantage. Answer: Superior performance relative to
other competitors in the same industry or the industry average
◉ Sustainable Competitive Advantage. Answer: Outperforming
competitors or the industry average over a prolonged period of time
◉ Competitive Disadvantage. Answer: Underperformance relative to
other competitors in the same industry or the industry average
◉ Competitive Parity. Answer: Performance of two or more firms at
the same level
◉ Industry effects. Answer: Firm performance attributed to the
structure of industry in which the firm competes
,◉ Firm Effects. Answer: firm performance attributed to the actions
managers take
◉ black swan events. Answer: incidents that describe highly
improbably but high-impact events
◉ stakeholders. Answer: organizations, groups, and individuals that
can affect or are affected by a firm's actions
◉ stakeholder strategy. Answer: an integrative approach to
managing diverse set of stakeholders effectively in order to gain and
sustain competitive advantage
◉ stakeholder impact analysis. Answer: a decision tool with which
managers can recognize, prioritize, and address the needs of
different stakeholders, enabling the firm to achieve competitive
advantage while acting as a good corporate citizen
◉ corporate social responsibility (CSR). Answer: a framework that
helps firms recognize and address the economic, legal, social, and
philanthropic expectations that society has of the business
enterprise at a given point in time
◉ AFI strategy framework. Answer: a model that links three
interdependent strategic management tasks--analyze, formulate,
, and implement--that, together, help managers plan and implement a
strategy that can improve performance and result in competitive
advantage
◉ PESTEL model. Answer: a framework that categorizes and
analyzes an important set of external forces (political, economic,
sociocultural, technological, ecological, and legal) that might
impinge upon a firm. These forces are embedded in the global
environment and can create both opportunities and threats for the
firm.
◉ industry. Answer: a group of (incumbent) companies that face
more or less the same set of suppliers and buyers; these firms tend
to offer similar products or services to meet specific customer needs
◉ industry analysis. Answer: a method to (1) identify an industry's
profit potential and (2) derive implications for a firm's strategic
position within an industry
◉ strategic position. Answer: a firm's strategic profile based on
value creation and cost. the goal is to generate as large a gap as
possible between the value the firm's product or service creates and
the cost require to produce it (V - C)
FINAL PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Strategy. Answer: The set of goal-directed actions a firm takes to
gain and sustain superior performance relative to competitors
◉ Competitive Advantage. Answer: Superior performance relative to
other competitors in the same industry or the industry average
◉ Sustainable Competitive Advantage. Answer: Outperforming
competitors or the industry average over a prolonged period of time
◉ Competitive Disadvantage. Answer: Underperformance relative to
other competitors in the same industry or the industry average
◉ Competitive Parity. Answer: Performance of two or more firms at
the same level
◉ Industry effects. Answer: Firm performance attributed to the
structure of industry in which the firm competes
,◉ Firm Effects. Answer: firm performance attributed to the actions
managers take
◉ black swan events. Answer: incidents that describe highly
improbably but high-impact events
◉ stakeholders. Answer: organizations, groups, and individuals that
can affect or are affected by a firm's actions
◉ stakeholder strategy. Answer: an integrative approach to
managing diverse set of stakeholders effectively in order to gain and
sustain competitive advantage
◉ stakeholder impact analysis. Answer: a decision tool with which
managers can recognize, prioritize, and address the needs of
different stakeholders, enabling the firm to achieve competitive
advantage while acting as a good corporate citizen
◉ corporate social responsibility (CSR). Answer: a framework that
helps firms recognize and address the economic, legal, social, and
philanthropic expectations that society has of the business
enterprise at a given point in time
◉ AFI strategy framework. Answer: a model that links three
interdependent strategic management tasks--analyze, formulate,
, and implement--that, together, help managers plan and implement a
strategy that can improve performance and result in competitive
advantage
◉ PESTEL model. Answer: a framework that categorizes and
analyzes an important set of external forces (political, economic,
sociocultural, technological, ecological, and legal) that might
impinge upon a firm. These forces are embedded in the global
environment and can create both opportunities and threats for the
firm.
◉ industry. Answer: a group of (incumbent) companies that face
more or less the same set of suppliers and buyers; these firms tend
to offer similar products or services to meet specific customer needs
◉ industry analysis. Answer: a method to (1) identify an industry's
profit potential and (2) derive implications for a firm's strategic
position within an industry
◉ strategic position. Answer: a firm's strategic profile based on
value creation and cost. the goal is to generate as large a gap as
possible between the value the firm's product or service creates and
the cost require to produce it (V - C)
