MAN 4720 UCF Capstone Midterm With 94 Questions and answers 100% PASS

MAN 4720 UCF Capstone Midterm With 94
Questions and answers 100% PASS
Competitive Advantage - Correct Answers Generating above average returns. Measured relative to other
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




firms. Should rely on a more holistic perspective vs. just using one metric.
II! II! II! II! II! II! II! II! II! II! II! II! II!




II! Strategic Analysis framework - Correct Answers AFI
II! II! II! II! II! II! II! II! II!




II! Strategy - Correct Answers quest to gain and sustain competitive advantage over
II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! Companies - Correct Answers array of activities
II! II! II! II! II! II! II! II! II!




II! vision statement - Correct Answers paints a picture of where a company wants to be
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! Balanced Scorecard - Correct Answers harnesses multiple internal and external performance metrics in
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! order to balance both financial and strategic goals. USED IN IMPLEMENTATION PHASE
II! II! II! II! II! II! II! II! II! II! II!




II! strategic management - Correct Answers an integrative management field that combines analysis,
II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! formulation, and implementation in the quest for competitive advantages
II! II! II! II! II! II! II! II!




II! competitive disadvantage - Correct Answers under performance relative to other competitors in the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! same industry or industry average
II! II! II! II!




II! competitive parity - Correct Answers performance of two or more firms at the same level
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! sustainable competitive advantage - Correct Answers outperforming competitors or the industry over a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! prolonged period II!




II! co-opetition - Correct Answers cooperation by competitors to achieve a strategic objective
II! II! II! II! II! II! II! II! II! II! II! II! II! II!

, II! firm effects - Correct Answers results of mangers actions to influence firm performance
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! industry effects - Correct Answers the results attributed to the choice of industry in which to compete
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! strategic business unit (SBU) - Correct Answers a standalone division of a larger conglomerate, with its
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! own profit and loss responsibility
II! II! II! II!




II! business model - Correct Answers organizational plan that details the firms competitive tactics and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! initiatives; how the firm intends to make money II! II! II! II! II! II! II!




II! bottom of the pyramid - Correct Answers the largest but poorest socioeconomic group of the world's
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! population



II! externalities - Correct Answers side-effects of production and consumption that are not reflected in the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! price of a product. II! II! II!




II! crowdsourcing - Correct Answers process in which people voluntarily performs tasks they were II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! traditionally completed by a firms employees II! II! II! II! II!




II! Stakeholders - Correct Answers Individuals or groups who can affect or are affected by the action of a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! firm.



II! A.F.I. - Correct Answers 1.) Analyze
II! II! II! II! II! II! II! II! II!




2.) FormulateII! II!




3.) ImplementII!




II! AFI strategy framework - Correct Answers a model that links three interdependent strategic
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! management tasks- Analyze, Formulate, and Implement. together help firms conceive of and implement II! II! II! II! II! II! II! II! II! II! II! II!




II! a strategy that can improve performance and result in competitive advantage
II! II! II! II! II! II! II! II! II! II!




II! strategic management process - Correct Answers Method by which managers conceive and implement a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!




II! strategy that can lead to a sustainable competitive advantage.
II! II! II! II! II! II! II! II!