Introduction Flashcards
1
Q
Strategy definition (Chandler)
LR
COA
AR
A
Determination of the long run goals and objectives, the adoption of courses of action and the allocation of resources to do this
2
Q
Endogeneity
A
Factors do not cause the outcome
3
Q
Causes of endogeneity
A
- simultaneous and reverse causation
- omitted variable
- measurement error
- selection bias
4
Q
3 components of a strategy
A
- Purpose
- Industry and scope
- Resources and capabilities
5
Q
What is the efficient I/O model
A
Believe external factors of economy have more of an effect than internal - top down
6
Q
T/ F: Efficient I/O model assumes resources are highly mobile and homogenous
A
T
7
Q
Survivorship bias
A
Only studying those who succeed and not those who fail (e.g. pilot example)
