1.

Which of the following is correct

a) question, answer

b) black, white

c) love, like

d) clock, busy

1. Define strategic competitiveness and above-average returns. What is the

relationship between strategic competitiveness and returns on investment?

Strategic competitiveness is achieved when the firm successfully formulates

and implements a value-creating strategy. Above-average returns are return
in excess of what investors expect to earn from other investments with
similar risk levels. Firms will only be able to earn above-average returns if
they develop a competitive advantage. Competitive advantage derives from
a strategy that competitors cannot duplicate or find too costly to imitate,

2. Define hyper-competition and identify its primary drivers. How can

organizations survive in a hypercompetitive environment?

3. Describe the industrial organization (I/O) model of above-average returns.

What is the key to success according to the I/O model?

4. Describe why it is important for organizations to analyze and understand

the external environment.

5. Describe the seven segments of the general environment.

6. What & why do firms need to know about their competitors?

7. Describe the importance of internal analysis to the strategic success of the

firm.

8. What are the differences between tangible and intangible resources?

Which category of resources is more valuable to the firm?

9. Define capabilities and how they affect the firms strategic success.

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