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Strategic Management Course MBA Class 2022/2023 - Environmental Analysis

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Strategic Management Course MBA Class 2022/2023 - Environmental Analysis

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Questions and Answers

What is the main focus of the course 'Strategic Management'?

Firm Resources (correct)

Sustainable Competitive Advantage

Company's Situation

Environmental Analysis

Who is the primary author of the course material?

Prof. Dr. Riham Adel (correct)

Prof. Dr. Riham Adel and Prof. Dr. Riham Adel

Prof. Dr. Riham Adel and Dr.

Dr. Riham Adel

What is critical to explaining superior firm performance in the resource-based model?

Environmental Analysis

Company's Situation

STEEP Assumptions

Firm Resources (correct)

What are the key concepts within the view of superior firm performance?

Firm Resources and Sustainable Competitive Advantage Signup and view all the answers

According to the text, what does 'STEEP' stand for?

Strategic Techniques for Environmental Examination and Preparation Signup and view all the answers

What assets, capabilities, and organizational processes are controlled by a firm according to the text?

Assets, capabilities, and firm attributes Signup and view all the answers

What is the purpose of developing patterns of strategic behavior according to the text?

To create a good alignment with perceived environmental conditions Signup and view all the answers

What is the significance of the Miles and Snow Typology mentioned in the text?

It helps firms develop unique strategies based on environmental conditions Signup and view all the answers

Why do firms need to formulate strategies according to the text?

To adapt to external environmental changes Signup and view all the answers

What is the primary focus of developing strategic behavior as per the text?

To align with perceived environmental conditions Signup and view all the answers