a sustained or sustainable competitive advantage requires that:
a. competitors are simultaneously implementing the strategy.
b.the value-creating strategy be in a formulation stage.
c.average returns are earned by the company
d. other companies are not able to duplicate the strategy
d. other companies are not able to duplicate the strategy
Sustained competitive advantage would mean that the organization is actually effective in creating a competitive edge over it's competitors that will help them achieve their objectives within a less challenging situation.
a sustained or sustainable competitive advantage requires that: a. competitors are simultaneously implementing the strategy. b.the...
A company achieves sustainable competitive advantage when A. it has a profitable business model. B. a sufficiently large number of buyers have a lasting preference for its products or services as compared to the offerings of competitors. C. it is able to maximize shareholder wealth. D. it is consistently able to achieve both its strategic and financial objectives. E. its strategy and its business model are well matched and in sync.
Does Nucor have a source of sustainable competitive advantage? If so, what is it? Justify your answer using the criteria for a resource or capability to be a source of SCA and the criteria for inimitability. If not, how do you explain why competitors have not been able to duplicate Nucor’s resources and achieve the same level of performance?
When can a company achieve sustainable competitive advantage? a) Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors b) When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors c) When it is able to produce better products for fewer costs than its rivals. d) When it consistently achieves both its long-term and short-term strategic and financial objectives. e)...
Be able to explain each of the following terms: strategy, sustainable competitive advantage, core competency, and business model Explain how each of the above terms can affect an organization’s strategic planning or direction What are the riving forces? Name several driving forces and explain how each can change competitive conditions What is a SWOT analysis? What is its purpose? What does Each letter represent?
Complete the following VRIO exercise for Verizon Wireless SUSTAINABLE COMPETITIVE ADVANTAGE CRITERIA (chapter 4 and lecture VRIO) Valuable (creating value for customer) Rare (if everybody’s doing it…) Imperfectly imitable (not easily copied) Organization (is the firm able to exploit the resource) Determine what you believe to be the firm’s basis for competitive advantage (extraordinary resources/capabilities). These should come from your internal analysis of the firm and the value chain analysis: 1. 2. 3. 4. Use the VRIO method to determine...
1. Some companies change a competitive game successfully, so that they help their competitors as well as themselves. For example, Lending Club is among the new online lenders disrupting the consumer finance industry. But Lending Club is working with Citigroup—a traditional player in that market space—to extend the reach of both players into low-income borrowing markets. This approach is known as: A) Co-opetition B) a blue ocean strategy C) a disruptive strategy D) a red ocean strategy 2. The intensity...
3. _______________ refers to top management’s plans to develop and sustain competitive advantage so that the organization’s mission is fulfilled. a. Vision c. Strategy b. Mission d. Competitive advantage 4. The strategic management process can be summarized in all of the following steps EXCEPT a. Internal analysis c. Strategy Evaluation b. Strategy Formulation d. External Analysis e. Strategic Philosophy f. Strategic Control f. N/A, all of these are steps in the process...
Question 35 2 pts The VRIN tests for sustainable competitive advantage ask if a resource is Valuable, Rare, Imitable, and Non-substitutable. True False Question 36 2 pts Studying competitors' past behavior and preferences provide a valuable assist in anticipating what moves rivals are likely to make next and outmaneuvering them in the marketplace. True False o tem ? ) Question 37 2 pts Success in achieving a low-cost edge over rivals comes from out-managing rivals in finding ways to perform...
10. Competitive Advantage of Uniform Color? Does uniform color give athletes an advantage over their competitors? To investigate this question, Hill and Barton (Nature, 2005) examined the records in the 2004 Olympic Games for four combat sports: boxing, tae kwon do, Greco-Roman wrestling, and freestyle wrestling. Competitors in these sports were randomly assigned to wear either a red or a blue uniform. The researchers investigated whether competitors wearing one color won significantly more often than those wearing the other color....
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KAYA SKIN CLINIC: CREATING A SUSTAINABLE COMPETITIVE ADVANTAGE WITH CUSTOMERS Kareem Abdur Waheed and Vim Jham wrote this case soley to provlde material for class dsssion. The authors do not intend to Mustrate either emective or inerective nanding of a managerial suation. The authors may have disguilsed certaln names and other dentirying Information to protect confidenta ry. This pubication may not be transmited, photocopied, agtized, or otherwise reproduced in any form or by any means witnout the...