strategy, as its essence, is about

creating lasting success that supports growth & secure the company's

a resource of a firm is considered to be

deployed to develop and enable a firms capabilities

what makes the marketplace a competitive battlefield

rivalry of firms to gain footholds with fires & win a competitive edge

a distinctive element that attracts customers & produces a competitive edge

the strategy making, strategy executing process is shaped by

external factors: industries economic & competitive coniditons & internal..

Entering into strategic alliances and collaborative partnerships can be competitively valuable because

cooperative efforts with other companies are help the race against rivals..

Which of the following is not a strategically good reason why a CO. may enter into partnerships with key suppliers etc

to enable greater opportunities for employee advancement

organizational capabilities are virtually always

knowledge based in people & the company's intellectual capital, or in orgs

a companies strategic plan

outlines the compairtive moves & approaches to be used in achieving results

which of the following is not one of the five forces of competitive pressures?

The power and influence of social/ demographic trends

which of the following is not one of the principal components of strategic significance in the PESTEL analysis

environmental forces: competitive structure/degree of industry fragmentatio

First mover advantages are unlikely to be present in which one of the following instances?

when fast market evolution gives chance to leapfrog a first movers product

which of the following firms uses an emergent strategy?

a microbrewer invests in building community water wells during a drought

which of the following firms uses a deliberate strategy?

A DT theater thats staging plays decides to start booking rock'n'roll act

the difference between the concept of a company mission statement and the concept of a strategic vision is that

a mission statement concerns companies purpose & its present business scope

tangible resources include

tech assets such as patents, copyrights, and innovative technologies

the objective of a competitive strategy is to

give buyers better value than rival sellers in order to attain a advantage

which of the following is generally not considered a barrier to entry?

weak network effects and customer demand

in order to be successful with a low cost leadership strategy, company managers have to

develop & market products & services at the absolute lowest possible cost

a company's values relate to such things as

fair treatment,integrity,ethical behavior,teamwork,quality,customer service

In which of the following instance is being a first mover not particularly advantageous

markets slow to accept product offering of a first mover,followers overtake

the generic types of competitive strategies include

lowcost provider,broad differentiation,best cost provider,focused low cost,

how are a companies organizational capabilities developed and enabled?

development of a company's resources or some combination of its resources

first mover disadvantages (or late mover advantages) rarely ever arise when

market response is strong in the pioneer gains a monopoly position that....

which of the following does not exemplify the impact of the macro environment on a company's strategic opportunities

Netflix comepetes w/ Amazon as its rival in the streaming television & film

Broad differentiation strategies generally work best in market situations where

tech change is fast-paced & competition is around changing product feats

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MidTerm

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Questions 30

Answers

1
is a set of actions that its managers take to outperform the company's competitors and achieve superior profitability
a mission statement
strategic intent
a cost price framework
a strategy
2
strategy, as its essence, is about
realigning the market to provoke change in rival companies
matching rival businesses products & quality dimensions in the marketplace
building profits for short term success
creating lasting success that supports growth & secure the company's
3
a resource of a firm is considered to be
a competitive deficiency
a market opportunity
deployed to develop and enable a firms capabilities
an environmental threat
4
what makes the marketplace a competitive battlefield
race of industry members to compete against the industry's driving forces
rivalry of firms to gain footholds with fires & win a competitive edge
the ongoing race among rivals to achieve the fastest rate of growth in $
the ongoing race among rival sellers to have the highest quality product
5
every strategy needs
to pursue conservative growth built on historical strength
to include similar characteristics to rival company strategies
a distinctive element that attracts customers & produces a competitive edge
to mimic the plans of the industry's most successful companies
6
the strategy making, strategy executing process is shaped by
the challenges of developing a sound business model
external factors: industries economic & competitive coniditons & internal..
management strategic vision strategic & financial objectives, & strategy
decisions made by compensation audit committees of the board of directors
7
Entering into strategic alliances and collaborative partnerships can be competitively valuable because
cooperative efforts with other companies are help the race against rivals..
working closely w/ outsiders is essential in developing new technologies
effective in helping a CO. transfer the risk of threatening external develo
represent highly effective ways to achieve low cost leadership & capture...
8
Which of the following is not a strategically good reason why a CO. may enter into partnerships with key suppliers etc
to improve access to new markets
to expedite the development of promising new technologies or products
to improve supply chain efficiency
to enable greater opportunities for employee advancement
9
organizational capabilities are virtually always
more complex than resources and are exercised only through key personnel
reflective of the industry's driving forces
knowledge based in people & the company's intellectual capital, or in orgs
require constant evaluation to ensure cooperative support from management
10
a companies strategic plan
focuses on offering a more appealing product than rivals
links the companies financial targets to control mechanisms
outlines the compairtive moves & approaches to be used in achieving results
map out the companies history
11
A linked and closely integrated set of competitive assets centered around one or more cross functional capabilities is
organizational assets
functional method compilation
resource bundle
a resource capability
12
which of the following is not one of the five forces of competitive pressures?
The power and influence of social/ demographic trends
market maneuvering for buyer trust that occur in rival sellers in industry
the bargaining power of suppliers and seller supplier collaboration
the threat of new entrance into the market
13
which of the following is not one of the principal components of strategic significance in the PESTEL analysis
social cultures: societal values,attitudes,cultural factors,and lifestyles
tech factors: pace of change and technical development that can impact spc
environmental forces: competitive structure/degree of industry fragmentatio
political factors: extent to which government intervenes in the economy
14
First mover advantages are unlikely to be present in which one of the following instances?
moving first can constitute a preemptive strike, making imitation hard
when fast market evolution gives chance to leapfrog a first movers product
When pioneering helps build a firm's image and reputation with buyers
first time buyers remain loyal to pioneering firms, making repeat purchases
15
which of the following firms uses an emergent strategy?
oil change franchisor continues geographical expansion despite a recession
healthy food integrates into drive through fast health food restaurants
a microbrewer invests in building community water wells during a drought
an online book reseller diversifies into custom book publishing
16
a boutique hotel chain provides upscale rooms and superior CS cheap What strategy is the hotel using to gain advantage
a broad differentiation strategy
a best cost provider strategy
A low cost provider strategy
a focused low cost strategy
17
well conceived visions are _ and _ to a particular org & avoid generic, feel good statements that apply to 100's of orgs
distinctive; Specific
universal; Established
recurring; Customary
widespread; Unique
18
which of the following firms uses a deliberate strategy?
an airline company cuts frills in order to cope with increasing fuel prices
A DT theater thats staging plays decides to start booking rock'n'roll act
an IT firm trims jobs during a recession
an online jewelry site discontinues its line of rings due to lack of demand
19
the difference between the concept of a company mission statement and the concept of a strategic vision is that
a mission statement concerns companies purpose & its present business scope
emission focuses on methods profit, strategic focuses on business models
mission focuses on short term goals, while strategic vision focuses on long
mission statement focuses on shareholders, while strategic focuses on buyer
20
tangible resources include
human assets & intellectual capital, which includes talent of the workforce
tech assets such as patents, copyrights, and innovative technologies
relationships: alliances that provide access to tech, specialized know how
rep assets, which include companies reputation for quality,service,& relia
21
the objective of a competitive strategy is to
give buyers better value than rival sellers in order to attain a advantage
grow revenues faster annual rate than rivals are able 2 grow their revenues
lend greater detail to the company's business model
establish a competitively powerful value chain
22
which of the following is generally not considered a barrier to entry?
strong brand preference
weak network effects and customer demand
high capital requirements
Restrictive regulatory policies
23
in order to be successful with a low cost leadership strategy, company managers have to
outsourcing of ValueChainActivities to nations that have low $ & less regs
develop & market products & services at the absolute lowest possible cost
eliminate WS & retail stores & instead sell direct to users of their produc
develop & market products and services at the absolute lowest possible cost
24
a company's values relate to such things as
fair treatment,integrity,ethical behavior,teamwork,quality,customer service
how it will balance pursuit of $ goals against the its strategic goals
if it will highlight stock $ growth or higher payments to shareholders
how to balance its business purpose/mission vs its strategic vision
25
In which of the following instance is being a first mover not particularly advantageous
markets slow to accept product offering of a first mover,followers overtake
when first time buyers remain loyal to leading firms in making repeat sales
when moving first with preemptive strike makes imitation difficult
when being a pioneer helps build a firm's image and reputation with buyers
26
the generic types of competitive strategies include
market share growth providers,sales $,leader strategy,& MarkeShareRetention
price strategies, first follower strategies, technology leader strategies,
Offensive strategies, defensive strategies, and counter maneuver strategies
lowcost provider,broad differentiation,best cost provider,focused low cost,
27
how are a companies organizational capabilities developed and enabled?
by shifting from decentralized to centralized decision making
By strengthening traditions that comp execs are committed to maintaining
development of a company's resources or some combination of its resources
talking openly about problems of present comp & deciding how new behaviors.
28
first mover disadvantages (or late mover advantages) rarely ever arise when
marketplace is skeptical about the benefits of new technology
fast market evolution gives followers an opening to leapfrog the pioneer
market response is strong in the pioneer gains a monopoly position that....
cost of leading is higher > being a follower & only minor learning curve
29
which of the following does not exemplify the impact of the macro environment on a company's strategic opportunities
sales of vodka in the US dwindle on account of a boycott of Russian product
sales of Fitbit surge due to a new feature that monitors users BP
consumer trust in VW drops precipitously because of falsified emission data
Netflix comepetes w/ Amazon as its rival in the streaming television & film
30
Broad differentiation strategies generally work best in market situations where
tech change is fast-paced & competition is around changing product feats
rival products are weak differentiated & competitors are resorting to cleve
market competition revolves around slowly evolving product features
low cost value drivers are easily obtained

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