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bcor 2304 vocab Questions and Correct
Answers/ Latest Update / Already Graded
Evaluating a company internally
Ans: Helps understand whether they have what it takes
internally to gain a sustainable competitive edge over rival
firms.
Present strategy evaluation
Ans: Is it achieving its stated financial and strategic objectives,
is the financial performance above industry average, is it
gaining customers and market share?
SWOT analysis
Ans: Internal strengths is the basis for strategy, internal
weaknesses are the deficient capabilities, market opportunities
are the strategic objectives, and the external threats lead to
strategic defenses.
External environment
Ans: General and industry environments (pestel+five forces)
opportunities and threats.
All rights reserved © 2025/ 2026 |
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Internal analysis
Ans: Resources, capabilities, and core competencies
(vrin+value chain) strengths and weaknesses.
SWOT listings reveal
Ans: New strategy: SWOT is the foundation for positioning the
firm to use its strengths to seize opportunities and shore up its
competitive deficiencies to mitigate external threats.
Existing strategy insights
Ans: SWOT insights into the firm's overall business situation
can translate into recommended strategic actions.
Resources and capabilities
Ans: They determine competitiveness and the ability to
succeed in the marketplace, necessary to maintain a
sustainable competitive advantage.
Core competencies
Ans: Specific resources and capabilities combine to create a
strategic fit with the firm's external environment.
All rights reserved © 2025/ 2026 |
bcor 2304 vocab Questions and Correct
Answers/ Latest Update / Already Graded
Evaluating a company internally
Ans: Helps understand whether they have what it takes
internally to gain a sustainable competitive edge over rival
firms.
Present strategy evaluation
Ans: Is it achieving its stated financial and strategic objectives,
is the financial performance above industry average, is it
gaining customers and market share?
SWOT analysis
Ans: Internal strengths is the basis for strategy, internal
weaknesses are the deficient capabilities, market opportunities
are the strategic objectives, and the external threats lead to
strategic defenses.
External environment
Ans: General and industry environments (pestel+five forces)
opportunities and threats.
All rights reserved © 2025/ 2026 |
, Page |2
Internal analysis
Ans: Resources, capabilities, and core competencies
(vrin+value chain) strengths and weaknesses.
SWOT listings reveal
Ans: New strategy: SWOT is the foundation for positioning the
firm to use its strengths to seize opportunities and shore up its
competitive deficiencies to mitigate external threats.
Existing strategy insights
Ans: SWOT insights into the firm's overall business situation
can translate into recommended strategic actions.
Resources and capabilities
Ans: They determine competitiveness and the ability to
succeed in the marketplace, necessary to maintain a
sustainable competitive advantage.
Core competencies
Ans: Specific resources and capabilities combine to create a
strategic fit with the firm's external environment.
All rights reserved © 2025/ 2026 |
