MGT 380 Already Passed Exam Questions and CORRECT Answers

Business strategy creating a valuable position in a market, defending the market position, and doing so consistently over time to provide a sustainable profit stream - More specifically, it then involves configuring and arranging resources and activities within a business segment to provide either unique value to customers or common value at uniquely low cost or both Corporate strategy discovering and targeting attractive markets and then crafting positions that deliver sustained competitive advantage in those markets - It then involves configuring and arranging resources and activities across multiple business segments to provide either unique value to customers or common value at a uniquely low cost Questions to ask 1. What industries has it disrupted? How? 2. Who are their main competitors? 3. Is its success due to an industry effect or firm effect or both? 4. What do you recommend for them to outperform competitors in the future? 5. Do you think it is hard to gain and sustain a competitive advantage?