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Management Exam 2 > Chapter 6 > Flashcards

Chapter 6 Flashcards

0
Q

Sustainable competitive advantage, he resources must be…

A

Valuable
Rare
Imperfectly imitable
Non-substitutable

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1
Q

Competitive advantage

A

Resources
Competitive advantage
Sustaining competitive advantage

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2
Q

Three steps to strategy making process…

A

Assess need for strategic change
Conduct situational analysis
Choose strategic alternatives

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3
Q

Situational analysis

A

SWOT

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4
Q

Distinctive competence…

A

Something a company can make, do or perform better than competitors.

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5
Q

Core capabilities

A

Less visible
Decision making routines
Problem solving processes
Organizational cultures that determine how efficiently inputs are turned into outputs

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6
Q

Choosing strategic alternatives

A

Risk avoiding

Risk seeking

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7
Q

Companies can grow through

A

Acquisitions

Unrelated diversification

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8
Q

Boston consulting group (bcg) matrix:

A

Stars:

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9
Q

Porters 5 industry forces

A 
Bargaining power of suppliers
Threat of new entrants
Bargaining power of buyers
Threat of substitute
Character of rival
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Management Exam 2 (2 decks)

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