Question

In: Economics

Question 21 2 pts Competitive advantage normally is the result of superiority in resources, skills, or...

Question 21 2 pts
Competitive advantage normally is the result of superiority in resources, skills, or

consistency.

feasibility.

position.

employees.

governance.
Flag this Question
Question 22 2 pts
Which of the following is NOT included in measuring organizational performance?

Investigating deviations from plans

Evaluating individual performance

Examining progress being made toward meeting stated objectives

Comparing results to competitors' expectations

Comparing expected results to actual results
Flag this Question
Question 23 2 pts
The Fortune 50 includes all of the following EXCEPT

the largest banks.

the largest utilities.

the largest transportation companies.

the largest retailers.

the largest hospitals.
Flag this Question
Question 24 2 pts
Which of the following statements about contingency plans is NOT true?

Only high-priority areas require the insurance of contingency plans.

Contingency plans should be developed for favorable and unfavorable events.

Contingency plans minimize the impact of potential threats.

Strategists should plan for all possible contingencies.

Contingency plans should be as simple as possible.

Solutions

Expert Solution

21. Competitive advantage refers to a condition where a company or any organization is in a favorable situation to produce goods and services at a lower price than the competitors. It is simply the advantage of the company over competitors in terms of efficient production.

Competitive advantage normally is a result of superiority in resources, skills or employees.

22. An organization's performance is measured by how organization is doing against its own set targets and also where it stand in market as compared to the competitors. Note that individual performance is not the metrics for an organizations performance rather an individual's performance.

Thus, evaluating individual performance is not included in measuring organizational performance.

23.The Fortune 50 includes only the corporate or private organizations and not the government units.

Thus, The Fortune 50 will not include the largest utilities.

24. Contingency plans can related to all priority areas. Also, they must be well thought, developed for all the situations and well executed.

Thus, Only high-priority areas require the insurance of contingency plans is the wrong answer.

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

21 Value Chain Elements: Budgeting, Competitive, advantage, Corporate, social responsibility, Culture Customer need, External resources, Financial...
21 Value Chain Elements: Budgeting, Competitive, advantage, Corporate, social responsibility, Culture Customer need, External resources, Financial Goals, Idea generation, Information management Infrastructure, Leadership People – human resources, People – customers People, – shareholders, Product development, Strategy Supply, chain management, Technological considerations. in a paragraph. or 2 tell what happens when each element goes global. use 3rd person perspective Include a conclusion summarizing the paper’s content without introducing any new information.
Question 1 The vision of Unilever Ghana Limited is to gain a competitive superiority over its...
Question 1 The vision of Unilever Ghana Limited is to gain a competitive superiority over its competitors in the same industry in Ghana. Required: a. Using practical examples, discuss how the emerging accountancy tool that applies cognitive intelligence to generate a mental image of a phenomenon and also relies on learning, be adopted to assist Unilever Ghana Limited to achieve this vision. b. Are there any obstructions to how this competitive superiority using this emerging accountancy tool could be harnessed...
(Question 8) 2 pts A process is normally distributed with a mean of 10.2 hits per...
(Question 8) 2 pts A process is normally distributed with a mean of 10.2 hits per minute and a standard deviation of 1.04 hits. If a randomly selected minute has 13.9 hits, would the process be considered in control or out of control? Out of control as this one data point is more than three standard deviations from the mean In control as only one data point would be outside the allowable range In control as this one data point...
1. To use a company's resources and distinctive competencies to gain a competitive advantage over its...
1. To use a company's resources and distinctive competencies to gain a competitive advantage over its rival in a market or industry, a ____ strategy is the plan of action that strategic managers could adopt. a. stakeholder-level b. business-level c. customer-level d. product-level 2. The process by which companies increase or decrease product prices to convey their competitive intention to other companies and so influence the way they price their products is called a. price signaling b. price cutting c....
Discuss the resource-based view of competitive advantage.   What are the characteristics of resources that may yield...
Discuss the resource-based view of competitive advantage.   What are the characteristics of resources that may yield sustainable competitive advantage? Describe the role that Information systems can play in creating sustainable competitive advantage.
Intangible resources or capabilities may be a good basis for creating a competitive advantage because intangible...
Intangible resources or capabilities may be a good basis for creating a competitive advantage because intangible resources or capabilities are generally rare. intangible resource or capabilities are generally easily observed. intangible resources or capabilities are generally sticky to the firm. intangible resources or capabilities are generally easily transferred. intangible resources or capabilities are generally easily acquired.
Identify The Cheesecake Factory's (CAKE) resources, and use the VRIN test to indicate competitive advantage.
Identify The Cheesecake Factory's (CAKE) resources, and use the VRIN test to indicate competitive advantage.
What internal resources and assets does JetBlue have, that may give it a competitive advantage? Critically...
What internal resources and assets does JetBlue have, that may give it a competitive advantage? Critically discuss whether Jet Blue position is supported by its value chain and other internal resources. (800 words)
Q2. What internal resources and assets does McDonald’s have, that may give it a competitive advantage?...
Q2. What internal resources and assets does McDonald’s have, that may give it a competitive advantage? Critically discuss whether McDonald’ position is supported by its value chain and other internal resources. (35 marks- 800 words) Please i need answer with references
Q2. What internal resources and assets does JetBlue have, that may give it a competitive advantage?...
Q2. What internal resources and assets does JetBlue have, that may give it a competitive advantage? Critically discuss whether Jet Blue position is supported by its value chain and other internal resources. (35 marks- 800 words)
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT