BUSI 4940 UNT FINAL SCRIPT 2026
QUESTIONS WITH ANSWERS GRADED A+
●● Technology Diffusion.
Answer: The speed at which new technologies become available to firms
AND when firms and customers choose to adopt them.
●● Perpetual Innovation.
Answer: Describes how rapidly and consistently new, information-
intensive technologies replace older ones
●● Disruptive Technologies/Innovation.
Answer: New technologies that destroy the value of an existing
technology and create new markets
●● What are the two main drivers of hypercompetition?.
Answer: Globalization and Technology
●● What is a subset of strategic management?.
Answer: Strategic Planning
●● Strategy.
,Answer: Separated into three parts: Strategic management, strategic
planning, and observed strategy.
●● Strategic Planning Process.
Answer: Two Parts:
Process Part: Strategy is defined as the set of activities associated with
the continuous formulation, implementation, measurement, and
governance of...
Plan Part: ...a high-level, long-range but adaptable plan (the formal,
documented 'road map') that seeks to exploit internal competencies to
gain and sustain a competitive advantage in a dynamic market (This is
what the textbook focuses on)
●● Mission Statement.
Answer: is supposed to answer the question, "why does the company
exist?" by specifying the business(es) it intends to compete in and the
customers it intends to serve, but that's about all it's supposed to do.
●● Vision Statement.
Answer: Answers "What company-level goals do we want to accomplish
in the future and by when?"
Largest Overarching Goal(s) of the Company and must have a
Timeframe.
, ●● What are the basic assumptions regarding companies and assets of
the I/O Economics Model and the Resource-Based Theory of Firms?.
Answer: Resource Based focuses on INSIDE the company and the
sequence matters.
I/O Economics Model focuses on the external environment and how it
imposes pressures and constraints that determine strategic choices
●● Who is the primary scholar associated with I/O Economics from a
strategy perspective?.
Answer: Michael Porter
●● Who is the primary scholar associated with the Resource Based
View?.
Answer: Jay Barney
●● What are resources, capabilities, and competencies - and the
sequence they usually follow before enabling competitive advantages?.
Answer: They are the resource based model of above-average returns
and the sequence is Resources-Capabilities-Core Competencies
●● Resources.
Answer: Physical, human, and organizational capital (tangible and
intangible)
QUESTIONS WITH ANSWERS GRADED A+
●● Technology Diffusion.
Answer: The speed at which new technologies become available to firms
AND when firms and customers choose to adopt them.
●● Perpetual Innovation.
Answer: Describes how rapidly and consistently new, information-
intensive technologies replace older ones
●● Disruptive Technologies/Innovation.
Answer: New technologies that destroy the value of an existing
technology and create new markets
●● What are the two main drivers of hypercompetition?.
Answer: Globalization and Technology
●● What is a subset of strategic management?.
Answer: Strategic Planning
●● Strategy.
,Answer: Separated into three parts: Strategic management, strategic
planning, and observed strategy.
●● Strategic Planning Process.
Answer: Two Parts:
Process Part: Strategy is defined as the set of activities associated with
the continuous formulation, implementation, measurement, and
governance of...
Plan Part: ...a high-level, long-range but adaptable plan (the formal,
documented 'road map') that seeks to exploit internal competencies to
gain and sustain a competitive advantage in a dynamic market (This is
what the textbook focuses on)
●● Mission Statement.
Answer: is supposed to answer the question, "why does the company
exist?" by specifying the business(es) it intends to compete in and the
customers it intends to serve, but that's about all it's supposed to do.
●● Vision Statement.
Answer: Answers "What company-level goals do we want to accomplish
in the future and by when?"
Largest Overarching Goal(s) of the Company and must have a
Timeframe.
, ●● What are the basic assumptions regarding companies and assets of
the I/O Economics Model and the Resource-Based Theory of Firms?.
Answer: Resource Based focuses on INSIDE the company and the
sequence matters.
I/O Economics Model focuses on the external environment and how it
imposes pressures and constraints that determine strategic choices
●● Who is the primary scholar associated with I/O Economics from a
strategy perspective?.
Answer: Michael Porter
●● Who is the primary scholar associated with the Resource Based
View?.
Answer: Jay Barney
●● What are resources, capabilities, and competencies - and the
sequence they usually follow before enabling competitive advantages?.
Answer: They are the resource based model of above-average returns
and the sequence is Resources-Capabilities-Core Competencies
●● Resources.
Answer: Physical, human, and organizational capital (tangible and
intangible)
