Strategic Management - Midterm Flashcard

Front

It is composed of dimensions in the broader society that influence an industry and the firms within it.

Back

General environment

Front

It is a condition in the general environment that, if exploited effectively, helps a company reach strategic competitiveness.

Back

Opportunities

Front

It is a group of firms producing products that are close substitutes.

Back

Industry

Front

These are assets that can be observed and quantified.

Back

Tangible Resources

Front

Economic Value is measured by a product's performance characteristics and by its attributes for which customers are willing to pay.

Back

True

Front

Economic moat allows for the companies to maintain a ____________ competitive advantage.

Back

sustainable

Front

Analyzing the firm's internal organization requires that evaluators examine the firm's entire portfolio of resources and capabilities.

Back

True

Front

Balanced scorecard is used for assessing organizational performance.

Back

True

Front

Triple Bottom Line  refers to profits, profits and profits.

Back

False

Front

Tangible resources are assets rooted deeply in the firm's history accumulate over time and are relatively difficult for competitors to analyze and imitate.

Back

False