BA 453 Study guides, Class notes & Summaries

What is Strategy? Correct Answer-The quest to gain and sustain a competitive advantage while differentiating yourself from rivals, creating value while counting costs, and positioning yourself in a unique way for mutual reinforcement. What is competitive advantage? Correct Answer-Superior performance relative to other competitors in the same industry or the industry average. What is sustained competitive advantage? Correct Answer-Outperforming competitors or the industry average for a prol...

strategy Correct Answer-a diagnosis that defines or explains a business challenge or opportunity, a decision or set of decisions for dealing with the challenge or opportunity, and a coherent set of actions to deliver on the decisions so as to create sustainable advantage and superior returns. At the core of this definition are three central elements: diagnose, decide, and deliver is the pattern of decisions in a company that determines and reveals its objectives, purposes, or goals, produces ...

Competitive Advantage Correct Answer-superior performance relative to competitors Strategy Correct Answer-goal-directed actions to gain and sustain competitive advantage -create value while containing cost -about what to do, and what not to do -set of activities to stake out unique position -long term commitments What strategy is not.. Correct Answer--raking in every penny the firm can get. Profit is a consequence of good strategy, it is not the main goal -operational effectiveness -...

BA 453 Questions with complete solutions

strategy Correct Answer-a diagnosis that defines or explains a business challenge or opportunity, a decision or set of decisions for dealing with the challenge or opportunity, and a coherent set of actions to deliver on the decisions so as to create sustainable advantage and superior returns. At the core of this definition are three central elements: diagnose, decide, and deliver is the pattern of decisions in a company that determines and reveals its objectives, purposes, or goals, produces ...

BA 453 Midterm Questions with Complete Solutions.

BA 453 Questions with complete solution1.

BA 453 Questions with Complete Solution2.

BA 453 Questions with Complete Solutions.

BA 453-Midterm questions with complete solutions