management test 2

sustainable advantage

Value provided by a firm that cannot be duplicated by other companies, resources must be valuable, rare, imperfectly imitable, and nonsubstitutable

boston consulting group matrix

an analysis method of a firm's product portfolio regarding its market share and market growth

strategy making process

assessing the need for strategic change, avoid comepetitive intertia, avoidance of change, and look for strategic dissonance, discrepancy between companys strat and what is being done conducting a situational analysis or swot analysis, assess companies distinctive competencies and core capabilities and identify strategic groups choosing strategic alternatives

resources

assets, capabilities, processes, employee time, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fufill a need or solve a problem