ADMN 232 Study Guide - Midterm Guide: Bargaining Power, Personality Test, Group Cohesiveness

• School: Athabasca University
• Department: Administration
• Course: ADMN 232
• Professor: Dr. El

Document Summary

The assets, capabilities, processes, information and knowledge that an organization uses to improve its effectiveness and efficiency and to create and sustain an advantage over competitors. Providing greater value for customers than competitors can. A competitive advantage that other companies have tried unsuccessfully to duplicate and have, for the moment stopped trying to duplicate. A resource that is not controlled or possessed by many competing firms. A resource that is impossible or extremely costly or difficult for other firms to duplicate. A resource, without equivalent substitutes or replacements that produces value or competitive advantage. A reluctance to change strategies or competitive practices that have been successful in the past. A dis(cid:272)(cid:396)epa(cid:374)(cid:272)(cid:455) (cid:271)et(cid:449)ee(cid:374) uppe(cid:396) (cid:373)a(cid:374)age(cid:373)e(cid:374)t"s i(cid:374)te(cid:374)ded st(cid:396)ateg(cid:455) a(cid:374)d the st(cid:396)ateg(cid:455) a(cid:272)tuall(cid:455) implemented by lower levels of management. A(cid:374) assess(cid:373)e(cid:374)t of the st(cid:396)e(cid:374)gths a(cid:374)d (cid:449)eak(cid:374)esses i(cid:374) a(cid:374) o(cid:396)ga(cid:374)izatio(cid:374)"s i(cid:374)te(cid:396)(cid:374)al e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t a(cid:374)d the opportunities and threats in its external environment. Distinctive competence what a company can make, do or perform better than competitors.