
Strategic Management - Midterm Flashcard
Flashcard
•
Professional Development
•
University
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
It is composed of dimensions in the broader society that influence an industry and the firms within it.
Back
General environment
2.
FLASHCARD QUESTION
Front
It is a condition in the general environment that, if exploited effectively, helps a company reach strategic competitiveness.
Back
Opportunities
3.
FLASHCARD QUESTION
Front
It is a group of firms producing products that are close substitutes.
Back
Industry
4.
FLASHCARD QUESTION
Front
These are assets that can be observed and quantified.
Back
Tangible Resources
5.
FLASHCARD QUESTION
Front
Economic Value is measured by a product's performance characteristics and by its attributes for which customers are willing to pay.
Back
True
6.
FLASHCARD QUESTION
Front
Economic moat allows for the companies to maintain a ____________ competitive advantage.
Back
sustainable
7.
FLASHCARD QUESTION
Front
Analyzing the firm's internal organization requires that evaluators examine the firm's entire portfolio of resources and capabilities.
Back
True
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