Strategic management dess test bank
Strong brands are typically built through consistent, effective marketing, and companies need to weigh the potential for misbehaving customers to thwart their careful efforts.
TRUE At times, the difference between manufacturing and service is in providing a customized solution rather than mass production, as is common in manufacturing.
Fourth, the resource must have no strategically equivalent substitutes. Effective strategic planning processes are intangible resources. Details The date of your exam is fast approaching and devising a plan to review all the information in your textbook is a daunting task.
Excellent customer performance results from processes, decisions, and actions that occur only in the marketing efforts of the firm. AACSB: Analytical Thinking Accessibility: Keyboard Navigation Blooms: Understand Learning Objective: How value-chain analysis can help managers create value by investigating relationships among activities within the firm and between the firm and its customers and suppliers.
What sets the company apart is its expertise in telematics the integrated application of telecommunications data to monitor the current state of any Schmitz Cargobull-produced trailer.
Strategic management text and cases 8th edition test bank free
In short, they refer to an organization's capacity to deploy tangible and intangible resources over time and generally in combination and to leverage those capabilities to bring about a desired end. The resource-based view of the firm focuses solely on the internal analysis of the operations of the firm. TRUE Dell illustrates what can happen when a company emphasizes optimization to the exclusion of reinvention. Tangible resources are assets that are relatively easy to identify such as financial and physical assets. But that is not an excuse, the gaffer warned us about this. Asking for consumer input when demand is highly uncertain. An individual may face high personal costs when leaving the organization. The three key types of resources that are central to the resource-based view of the firm are A. Negotiation B. TRUE For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have four attributes. The price-earnings ratio is used to measure profitability. At times, the difference between manufacturing and service is in providing a customized solution rather than mass production, as is common in manufacturing. Wal-Mart implemented a sophisticated information system that resulted in reduced inventory carrying costs and shortened customer response times.
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