Exam 1 prep Fall 2009

Exam 1 prep Fall 2009 - BADM 613 Exam 1 Review Note: The...

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BADM 613 Exam 1 Review Note: The guide below represents approximately 85% - 90% of what will be on your exam. Know this stuff, and dig into you notes for anything major I’ve missed here Review all WSJ articles posted on e-campus. What is the definition of strategic management (see strategic management defined slide)? What are the four “best” strategic approaches to building sustainable competitive advantage? One is becoming the industry’s low-cost provider… Can you name an example of each that we did not cover in class? What is a business model? What are the 4 questions a ‘resource’ must pass to qualify as the basis for sustainable competitive advantage? What is a weakness is as defined in our internal analysis material? Strength? What is Value Chain analysis and why would you use it? What do you do if something in the value chain is “broken”? That is, what are the two strategies to use if necessary. Review the definition of competitive advantage; what are the four tests a resource
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This note was uploaded on 10/16/2010 for the course B&E BADM 613 taught by Professor Dawley during the Spring '10 term at WVU.

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Exam 1 prep Fall 2009 - BADM 613 Exam 1 Review Note: The...

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