MGT 452 Study guide - Spring 1998
The following concepts will likely be represented on the mid-term exam.
- Sustainable competitive advantage
- Above-average and normal returns the new competitive landscape
- The Industrial Organization or I/O model
- The resource-based model of the firm
- Resources, capabilities, and core-competencies
- Types of stakeholders
- Environmental segments
- The five forces model and its components parts]
- Definition of an industry
- Generic strategies
- Strategic groups
- Value chain analysis
- Tangible and intangible resources
- Characteristics of resources (valuable, rare, non-substitutable, costly to imitate, etc.)
- Outsourcing
- Business vs. corporate level strategies
- Stuck in the middle
- Competitive dynamics
- First movers
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