Bus 451 week 1 quiz

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.    strategic competitiveness

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.    a permanently sustainable competitive advantage

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.    substantial returns

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.    legal and ethical core values

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.    higher profits than the firm earned last year.

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.    higher profits than the industry average over the last 10 years.

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.    profits in excess of what an investor expects to earn from a historical pattern of performance of the firm.

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.    profits in excess of what an investor expects to earn from other investments with a similar level of risk.

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.                a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm.

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.    a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.

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.    a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources.

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.    the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.

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.    hypercompetition.

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.    boundaryless retailing.

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.    strategic intensity.

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.    globalization.

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.    Organizational decision makers are rational and committed to acting in the firm's best interests.

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.    Resources to implement strategies are firm-specific and attached to firms over the long-term.

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.    The external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.

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.    Firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.

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.    unique, easy to imitate.

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.    easy to imitate, difficult to implement.

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.    rare, costly to imitate.

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.    easy to implement, unique.

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.    Vision

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.    Mission

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.    Culture

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.    Strategy

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.    industry competitors.

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.    shareholders.

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.    employees.

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.    government regulators.

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.    Unions.

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.    host communities.

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.    employees.

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.    suppliers of capital.

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.    Suppliers

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.    Shareholders

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.    Employees

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.    the firm's chief executive officer