6/18/26, 7:09 AM Capstone Exam 1 Newest 2026 Complete Questions | With 100% Correct Answers graded A+ Guaranteed Success!! Flashcards | …
Capstone Exam 1 Newest 2026 Complete
Questions | With 100% Correct Answers graded
A+ Guaranteed Success!!
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Terms in this set (88)
AFI Framework Analysis, Formulation, Implementation
theory statement predicting which actions will lead to
what result and why
why do we care about theory? lack of theory can lead firms astray
theory needs to be applicable to firm
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,6/18/26, 7:09 AM Capstone Exam 1 Newest 2026 Complete Questions | With 100% Correct Answers graded A+ Guaranteed Success!! Flashcards | …
value of a good theory good theories help us to
-make predictions
-separate the signal from noise
tool to disentangle complex -good model simplifies reality
relationships -good model is circumstance contingent
how to consume theory -watch for results based on theory and empirical
research (need data and experience)
-be skeptical of revolutionary claims
(firms are different advice should be different)
-look for descriptions of how something works
strategy the set of goal-directed actions a firm takes to gain
and sustain superior performance relative to
competitors
characteristics of bad strategy failure to face the problem
mistaking goals for strategy
bad strategic objectives
fluss
what is not strategy ambition
particular action
mission/values
need a set of actions
why is there so much bad strategy the inability to choose - it is about what not to do,
have to focus
template-style strategy
https://quizlet.com/1190343996/capstone-exam-1-newest-2026-complete-questions-with-100-correct-answers-graded-a-guaranteed-success-flash-ca… 2/17
, 6/18/26, 7:09 AM Capstone Exam 1 Newest 2026 Complete Questions | With 100% Correct Answers graded A+ Guaranteed Success!! Flashcards | …
competitive advantage a firm has competitive advantage when it is able to
create more economic value than rival firms
why study strategy -entrepreneur
-consulting
-give advice to upper management
-become upper management
-follow firms strategy
-evaluate current job
how strategy delivers competitive combinations of cost and value are created
advantage through strategic positioning
-performing different activities
-performing same activities in different ways than
rivals
strategy is not operational operational effectiveness: performing similar
effectiveness activities better than rivals
strategic position - performing different activities
OE is necessary but not sufficient for sustained
superior performance
-most generic solutions diffuse the fastest
(copying)
https://quizlet.com/1190343996/capstone-exam-1-newest-2026-complete-questions-with-100-correct-answers-graded-a-guaranteed-success-flash-ca… 3/17
Capstone Exam 1 Newest 2026 Complete
Questions | With 100% Correct Answers graded
A+ Guaranteed Success!!
Save Add to calendar
Terms in this set (88)
AFI Framework Analysis, Formulation, Implementation
theory statement predicting which actions will lead to
what result and why
why do we care about theory? lack of theory can lead firms astray
theory needs to be applicable to firm
https://quizlet.com/1190343996/capstone-exam-1-newest-2026-complete-questions-with-100-correct-answers-graded-a-guaranteed-success-flash-ca… 1/17
,6/18/26, 7:09 AM Capstone Exam 1 Newest 2026 Complete Questions | With 100% Correct Answers graded A+ Guaranteed Success!! Flashcards | …
value of a good theory good theories help us to
-make predictions
-separate the signal from noise
tool to disentangle complex -good model simplifies reality
relationships -good model is circumstance contingent
how to consume theory -watch for results based on theory and empirical
research (need data and experience)
-be skeptical of revolutionary claims
(firms are different advice should be different)
-look for descriptions of how something works
strategy the set of goal-directed actions a firm takes to gain
and sustain superior performance relative to
competitors
characteristics of bad strategy failure to face the problem
mistaking goals for strategy
bad strategic objectives
fluss
what is not strategy ambition
particular action
mission/values
need a set of actions
why is there so much bad strategy the inability to choose - it is about what not to do,
have to focus
template-style strategy
https://quizlet.com/1190343996/capstone-exam-1-newest-2026-complete-questions-with-100-correct-answers-graded-a-guaranteed-success-flash-ca… 2/17
, 6/18/26, 7:09 AM Capstone Exam 1 Newest 2026 Complete Questions | With 100% Correct Answers graded A+ Guaranteed Success!! Flashcards | …
competitive advantage a firm has competitive advantage when it is able to
create more economic value than rival firms
why study strategy -entrepreneur
-consulting
-give advice to upper management
-become upper management
-follow firms strategy
-evaluate current job
how strategy delivers competitive combinations of cost and value are created
advantage through strategic positioning
-performing different activities
-performing same activities in different ways than
rivals
strategy is not operational operational effectiveness: performing similar
effectiveness activities better than rivals
strategic position - performing different activities
OE is necessary but not sufficient for sustained
superior performance
-most generic solutions diffuse the fastest
(copying)
https://quizlet.com/1190343996/capstone-exam-1-newest-2026-complete-questions-with-100-correct-answers-graded-a-guaranteed-success-flash-ca… 3/17
