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Study Guide for Mid-Term

In: Business and Management

Submitted By etart
Words 536
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A brief study guide for the final exam

I. Week 2 (quizlet)

1. According to Michael Porter, * Why is operational effectiveness a necessary but insufficient condition for a firm’s superior performance? * What is strategic positioning? Performing different activities from rivals' or performing similar activities in different ways. * What are the three ways to position a firm? * Why is it not easy for a firm to switch strategic positions?

2. What are the two measures of a firm’s performance? 3. What is ROIC? * Equity & debt

4. What are the two components of a shareholder’s value? 5. Why is profit growth important to capital appreciation? 6. What is the definition competitive advantage?

7. What is strategic intent? * What are the layers of advantages accumulated by firms with strategic intent? * Who are to blame for the failures of some established firms? II. Week 3 (quizlet)

8. What is emergent strategy? 9. What is Autonomous Action?

10. According to Daniel Goleman, what are the three personal capabilities that affect managers’ performance? Which one is the most important?

11. What are the five components of Emotional Intelligence?

12. Questions from Jack Welch’s DVD:

* What is the 20/70/10 annual evaluation rule? * What is the core competence of GE? * How a firm can be socially responsible? * What’s the most important quality of a CEO? * What’s 4 E and 1 P in leadership? * Is leadership a natural gift?

III. Week 4

13. What is Michael Porter’s Five Forces’ model? (slides)

* What are the factors that affect the intensity or level of each…...

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