MAN 4720 MIDTERM LEARN || 100% CORRECT
SOLUTIONS.
Sbu managers correct answers Your lab instructors troy pounds
When barriers to entry are ___________, the threat of new entrants __________ industry
attractiveness____________. correct answers decrease,increases,decreases or
increases,decreases,decreases
What is the most and least important of porters 5 forces? correct answers threat of new entrants,
bariers to entry
Rule #1 of ASI correct answers Clearly define your client's industry - this is imperative.
In the class quizzes are known as correct answers knowledge interviews.
What is finding your "sweet spot"? correct answers what you do really well, what you really
enjoy (your passion), and what others really appreciate you for
Three elements in AFI strategy framework correct answers Analyze, Formulate, Implement
Strategic Management correct answers is the OVERALL process used by strategists to engage in
the analysis, formulation and implementation.
strategos correct answers The Greek verb means "army leader" refers to the idea of destroying
one's enemies through the effective use of resources.
analysis correct answers Diagnosis of the competitive challenge
formulation correct answers guiding policy to address the competitive challenge
Implementation correct answers A set of coherent actions to implement the firms guiding policy
Creating a strategy involves correct answers Being different from your rivals, Creating value
while containing costs, Deciding what to do and what not to do, Combining a set of activities to
stake out a unique position, requires long term commitments that are often not reversible.
strategy correct answers the goal-directed actions a firm takes to gain (and sustain)
COMPETITIVE ADVANTAGE over their rivals
Sustainable competitive advantage correct answers outperform its competitors or the industry
average over a prolonged period of time
competitive advantage correct answers is a firms ability to generate ABOVE average returns
relative to that firm's competitors
, strategic positioning correct answers A unique position within an industry that allows the firm to
provide value to customers while controlling costs. ENHANCES THE LIKELIHOOD OF
COMPETITIVE ADVANTAGE.
A good strategy provides answers to these 4 questions correct answers Where do we compete?
What unique value do we bring?
What resources capabilities do we utilize?
How do we sustain unique value?
Staging correct answers you may have a good plan but you need to have the right timing to make
sure everything is executed correctly
The first step in achieving a competitive advantage correct answers MISSIONS, VISIONS AND
VALUES
Vision Statement correct answers Where do we want to go and What do we ultimately want to
achieve
KEY ASPECTS OF AN EFFECTIVE VISION correct answers captures an organizations
aspiration, identifies the long term objective, should be forward-looking and inspiring
Mission Statement correct answers How do we accomplish our goals? Describes what an
organization actually does, product and services it will provide, markets in which it will
compete, stakeholders they address, basically should define how the vision is accomplished.
What is servant leadership? correct answers Giving power back to the people you are leading by
making sure there needs are met first. Using the
Values correct answers What commitments do we make, and what guard rails do we put in place,
to act both legally and ethically as we pursue our mission and vision Provide principles that
guide behavior, understand the company culture, Deal with complexity and conflict, provides
employees with a moral compass.
What company are we helping this semester? correct answers Walgreens
The syllabus quizzes are known as correct answers Knowledge interviews
Apple's behavior in the personal computer business offers a good example of this idea in action
correct answers Good strategy
Strategy history story lesson correct answers A story telling about Carthage going to war with
Rome and how Hannibal put his soldiers on elephants that drunk alcohol to become more violent
as a competitive advantage against the romans and was able to become victorious.
AFI meaning correct answers (1) the analysis(Diagnosis of the competitive challenge), (2)
formulation (guiding policy to address the competitive challenge)and (3) implementation (A set
SOLUTIONS.
Sbu managers correct answers Your lab instructors troy pounds
When barriers to entry are ___________, the threat of new entrants __________ industry
attractiveness____________. correct answers decrease,increases,decreases or
increases,decreases,decreases
What is the most and least important of porters 5 forces? correct answers threat of new entrants,
bariers to entry
Rule #1 of ASI correct answers Clearly define your client's industry - this is imperative.
In the class quizzes are known as correct answers knowledge interviews.
What is finding your "sweet spot"? correct answers what you do really well, what you really
enjoy (your passion), and what others really appreciate you for
Three elements in AFI strategy framework correct answers Analyze, Formulate, Implement
Strategic Management correct answers is the OVERALL process used by strategists to engage in
the analysis, formulation and implementation.
strategos correct answers The Greek verb means "army leader" refers to the idea of destroying
one's enemies through the effective use of resources.
analysis correct answers Diagnosis of the competitive challenge
formulation correct answers guiding policy to address the competitive challenge
Implementation correct answers A set of coherent actions to implement the firms guiding policy
Creating a strategy involves correct answers Being different from your rivals, Creating value
while containing costs, Deciding what to do and what not to do, Combining a set of activities to
stake out a unique position, requires long term commitments that are often not reversible.
strategy correct answers the goal-directed actions a firm takes to gain (and sustain)
COMPETITIVE ADVANTAGE over their rivals
Sustainable competitive advantage correct answers outperform its competitors or the industry
average over a prolonged period of time
competitive advantage correct answers is a firms ability to generate ABOVE average returns
relative to that firm's competitors
, strategic positioning correct answers A unique position within an industry that allows the firm to
provide value to customers while controlling costs. ENHANCES THE LIKELIHOOD OF
COMPETITIVE ADVANTAGE.
A good strategy provides answers to these 4 questions correct answers Where do we compete?
What unique value do we bring?
What resources capabilities do we utilize?
How do we sustain unique value?
Staging correct answers you may have a good plan but you need to have the right timing to make
sure everything is executed correctly
The first step in achieving a competitive advantage correct answers MISSIONS, VISIONS AND
VALUES
Vision Statement correct answers Where do we want to go and What do we ultimately want to
achieve
KEY ASPECTS OF AN EFFECTIVE VISION correct answers captures an organizations
aspiration, identifies the long term objective, should be forward-looking and inspiring
Mission Statement correct answers How do we accomplish our goals? Describes what an
organization actually does, product and services it will provide, markets in which it will
compete, stakeholders they address, basically should define how the vision is accomplished.
What is servant leadership? correct answers Giving power back to the people you are leading by
making sure there needs are met first. Using the
Values correct answers What commitments do we make, and what guard rails do we put in place,
to act both legally and ethically as we pursue our mission and vision Provide principles that
guide behavior, understand the company culture, Deal with complexity and conflict, provides
employees with a moral compass.
What company are we helping this semester? correct answers Walgreens
The syllabus quizzes are known as correct answers Knowledge interviews
Apple's behavior in the personal computer business offers a good example of this idea in action
correct answers Good strategy
Strategy history story lesson correct answers A story telling about Carthage going to war with
Rome and how Hannibal put his soldiers on elephants that drunk alcohol to become more violent
as a competitive advantage against the romans and was able to become victorious.
AFI meaning correct answers (1) the analysis(Diagnosis of the competitive challenge), (2)
formulation (guiding policy to address the competitive challenge)and (3) implementation (A set
