MGMT 478 Exam 1 Questions and Answers
Correct
Incorrect
, 2 of 120
Definition
what does the competition believe about the industry
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monitoring insights: assumptions
insights: future objectives organization
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3 of 120
Definition
extent the firm's tangible and intangible resources are comparable to
the competitors in terms of type and amount
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step 1: competitive analysis- market step 1: competitive analysis-
commonality resource similarity
, step 4: outcomes- standard cycle step 2: drivers of competition
markets behavior- motivation
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4 of 120
Definition
achieved by successfully formulating and implementing a value
creating strategy
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strategic competitiveness a global mindset
strategic flexibility a competitive advantage.
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5 of 120
Definition
organizational cushion provided by actual or obtainable resources that
are not currently in use (typically 1st mover)
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, step 3: competitive analysis- resource step 3: interfirm rivalry- operational
allocation efficiency
step 3: interfirm rivalry- step 3: market entry- strategic
organizational slack flexibility
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6 of 120
Definition
-experience: can reduce customer loyalty bc the differentiated
features are no longer worth the premium cost
-imitation
-counterfeiting: when a company attempts to convey differentiated
features through a knockoff product (will change the relationship with
buyers)
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influencing the environment
differentiation: greatest threats
(uncertain)
3 areas that influence strategic
assumptions about I/O model
management
Correct
Incorrect
, 2 of 120
Definition
what does the competition believe about the industry
Give this one a try later!
monitoring insights: assumptions
insights: future objectives organization
Don't know?
3 of 120
Definition
extent the firm's tangible and intangible resources are comparable to
the competitors in terms of type and amount
Give this one a try later!
step 1: competitive analysis- market step 1: competitive analysis-
commonality resource similarity
, step 4: outcomes- standard cycle step 2: drivers of competition
markets behavior- motivation
Don't know?
4 of 120
Definition
achieved by successfully formulating and implementing a value
creating strategy
Give this one a try later!
strategic competitiveness a global mindset
strategic flexibility a competitive advantage.
Don't know?
5 of 120
Definition
organizational cushion provided by actual or obtainable resources that
are not currently in use (typically 1st mover)
Give this one a try later!
, step 3: competitive analysis- resource step 3: interfirm rivalry- operational
allocation efficiency
step 3: interfirm rivalry- step 3: market entry- strategic
organizational slack flexibility
Don't know?
6 of 120
Definition
-experience: can reduce customer loyalty bc the differentiated
features are no longer worth the premium cost
-imitation
-counterfeiting: when a company attempts to convey differentiated
features through a knockoff product (will change the relationship with
buyers)
Give this one a try later!
influencing the environment
differentiation: greatest threats
(uncertain)
3 areas that influence strategic
assumptions about I/O model
management
