Once established, competitive advantages last forever whether the firm is in a high technology environment or not.
Answer the following statement true (T) or false (F)
False
Competitive advantages are, however, often short-lived. Nothing is forever when it comes to competitive advantages. Rapid changes in technology, globalization, and actions by rivals from within and outside the industry can quickly erode firm advantages. It is becoming increasingly important to recognize that the duration of competitive advantages is declining, especially in technology-intensive industries. Even in industries that are normally viewed as low tech, the increasing use of technology has suddenly made competitive advantages less sustainable.
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The ratio of net income to net sales is the relationship presented by the ______________ ratio
Fill in the blank(s) with correct word
Michael Porter draws a firm distinction between operational effectiveness and a strategy. Briefly describe this distinction and identify when a company can claim that it has a strategy
What will be an ideal response?
(Whose, Who's) airline tickets are missing?
What will be an ideal response?
The performance of an operations strategy is judged by how well ______.
a. it supports the firm’s corporate and business strategies b. it supports the firm’s corporate tactics c. it influences business strategy d. it influences corporate strategy