When a company performs a competitively valuable activity better than its rivals it is said to have?

important component of its strategy and that positively affects its ability to compete against rivals, then it is said to have a core competence in performing that activity. valuable activity better than any of its rivals, then it is said to have a distinctive competence in performing that activity.

When a company performs some activities truly well in comparison to competitors it is said to have?

A. is a more competitively valuable strength than a competence because of the key role the activities play in the company’s strategy. When a company performs a particular competitively important activity truly well in comparison to its rivals, it is said to have a: C. distinctive competence.

Is a competitively important activity that directly contributes to a company’s strategy?

a distinctive competence is a competitively relevant internal activity that a firm performs especially well relative to other internal activities, whereas a core competence is a competitively important activity performed by key strategic allies.

When an activity becomes something a company has learned to perform proficiently and capably The company is said to have a?

When an activity becomes something a company has learned to perform proficiently and capably, the company is said to have: A. a competence.

When a company has a proficiency in performing a strategically?

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals, it is said to have: a competitive advantage over rivals.

When a company has become proficient in modifying upgrading or deepening the company’s resources and capabilities it is called?

When a company has become proficient in modifying, upgrading, or deepening the company’s resources and capabilities in response to its changing environment and market opportunities, it is called. a dynamic capability.

When an activity becomes something a company has learned to perform proficiently and capably The company is said to have a quizlet?

sizing up a company’s resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being. 36. When an activity becomes something a company has learned to perform proficiently and capably, it is said to have: A. a competence.

When a company is good at performing a particular internal activity it is said to have?

a distinctive competence is a competitively relevant internal activity that a firm performs especially well relative to other internal activities, whereas a core competence is a competitively important activity performed by key strategic allies.

What are core competencies quizlet?

Core Competencies. skills, characteristics, assets that set your company apart from competitors. – give it a competitive, winning edge over others doing business in the same sector, marketplace, or product division.

Which of the following involves an assessment that considers the resources capabilities and competencies of a business?

SWOT analysis is a simple but powerful tool for: sizing up a company’s resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being.

How well a company performs and the degree of market success it achieves are directly?

C) how well a company performs and the degree of market success it enjoys are directly attributable to the caliber of its strategy and the proficiency with which the strategy is executed.

Which of the following describes the aspect of business that a company performs better than its competitors?

Distinctive competency – A​ company’s distinctive competency is the aspect of the business that it performs better than its competition.

What is external assessment in strategic management?

The External Assessment, or External Environmental Scan, is an inventory of the political, economic, social, and technological forces that influence the mission and goals of an organization, and how it functions. … The result of an external assessment reveals the opportunities and threats that confront the organization.

Which of the following is most likely to represent a company’s most potent resource or capability?

Which of the following is most likely to represent a company’s most potent resource or capability? A distinctive competence in performing a competitively important value chain activity.

Which of the following would be an example of a strategic action?

Explanation: A plan that lays the path to get the assurance that the visions of an organization are concrete is known as a strategic action plan. … Entry into the European market by Home Depot is an example of strategic action because it aims at achieving the objective of Home Depot of increasing its market share.

What is the importance of performing internal and external assessments in strategic management?

An internal analysis looks at factors within your business such as your strengths and weaknesses. Examining your internal and external analyses together gives you a complete picture of your current situation and the steps you can take to plan your marketing.

What is value chain analysis?

What Is Value Chain Analysis? Value chain analysis is a means of evaluating each of the activities in a company’s value chain to understand where opportunities for improvement lie. Conducting a value chain analysis prompts you to consider how each step adds or subtracts value from your final product or service.

Why is it important to assess the company’s external environment?

External environment factors are important because they can cause direct and indirect effects on business operations, personnel and revenue. The external environment of a company changes constantly in ways beyond the company’s control, but executives and managers can track these changes and minimize their consequences.

How do you conduct a strategic assessment?

Strategic assessment can be broken down into three major steps:
  1. Review any existing strategic materials produced from all sources.
  2. Conduct some market research and look at current/future market/economic conditions.
  3. Develop or re-develop the highest level strategic foundations.

What do you know about strategic evaluation and control?

Strategic evaluation and control is the process of determining the effectiveness of a given strategy in achieving the organizational objectives and taking corrective actions whenever required. Control can be exercised through formulation of contingency strategies and a crisis management team.

Why is external assessment needed in creating a strategic management?

 An external audit reveals key opportunities and threats confronting an organization so that managers can formulate strategies to take advantage of the opportunities and avoid or reduce the impact of threats.

Why internal analysis is important in strategic planning process?

The analysis gives management the knowledge to leverage the organization’s strengths, expertise, and opportunities. It also enables management to develop strategies that mitigate threats and compensate for identified weaknesses and disadvantages.