Wpc 480 final exam Study guides, Class notes & Summaries

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

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WPC 480 Final Exam What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a b...

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WPC 480 Final Exam (2024) || All Questions & 100% Accurate Solutions (Graded A+) WPC 480 Final Exam (2024) || All Questions & 100% Accurate Solutions (Graded A+) When should a firm buy? - ANSWER - Value creation of using organization < value creation of using market When should a firm vertically integrate (not formula) - ANSWER - High threat of opportunism - high cost of market exchange (high transaction costs) When operations within the firm is more efficient than using market tr...