MGT Strategy Test 1

In this generic strategy, advantages are attained through differentiation or cost leadership

This analysis integrates customer, internal, innovation & learning, and financial perspectives:

This level strategy asks "how do we compete in the markets we've chosen?" and looks at scope and source of advantage

The difference between the market value and book value / a measure of intangible assets

The competencies and skills that a firm employs to transform inputs into outputs

Horizontal business relationships that share tangible and intangible resources are:

This looks at tangible and intangible resources & organizational capabilities and whether they are VRIN

Competitors, customers, and suppliers are considered a part of the _____ environment

Procurement (getting raw materials, developing supplier relationships, and analyzing different sources) is a _____

Environmental scanning, environmental monitoring, and competitive intelligence are all inputs to

An organizational goal that is massively inspiring, overarching, and long term is:

This encompasses the purpose of the company and the basis of competition and competitive advantage

This integrates internal and external analysis

processes of strategic management are analysis, decisions, and actions or strategy analysis, formulation, and implement

The wealth created by the management of knowledge workers is:

Hierarchal business relationships that include corp. office value and support (or has little interaction with other unit

Simultaneously enhancing competitiveness and advancing economic and social conditions around the company is shared value

Discretion of managers is affected by: how much choice leaders have, what environment allows, and _______

____ antitakeover prearranged contract where managers get a significant package if a hostile takeover happens

The generic strategy(ies) in the introduction stage =

This is codified, documented, easily reproduced, widely distributed

___ Contribute to the physical creation of the product, its sale, and post-sale service. (Logs, ops, mkt/sales, svc)

This helps understand building blocks of competitve advantage. Views the org. as a process of value-creating activites

A reason for strategic alliance or joint ventures is to develop or diffuse new technologies

The Hierarchy of goals (from top to bottom) is:

This is in the mind of employees; based on experiences and backgrounds

Sharing tangible resources across business units is considered:

Competitive advantage means performing similar activities better than rivals

______ is a versatile resource

__ is doing the right thing-tailoring actions to fit needs of organization , _ is doing things right- low comparative $

_____ antitakeover is used by a company to give shareholder rights in event of a hostile takeover

The managerial challenge of balancing resources to existing and exploring new

surveillance to predict and detect environmental changes, look at industry leaders for clues

The generic strategy(ies) when a product is in the decline stage is:

______ is antitakeover an offer of premium stock paid by a struggling company before a tender offer

_____ is something a firm has to adapt to, but usually doesn't have any control over

The four attributes of strategic management are:

The analysis, decisions, and actions an organization undertakes in order to create and sustain a _________ is _______.

In the knowledge economy, wealth is created by knowledge workers instead of physical and financial assets

These are measurable, specific, appropriate, realistic, timely

Analysis, formulation, and implementation is:

SWOT doesn't detail HOW to turn strengths into a competitive advantage or how the environment would change.

The generic strategy for the maturity stage is:

The generic strategy(ies) for the growth stage includes:

What business (or businesses) should we compete in is a question concerning:

In _______ leverage core competencies, sharing activities, and marketing power

____ tracks the evolution of environmental trends, sequences of events, or streams of activities.

SWOT analysis reveals how the competitive environment is dynamic and how strategies change overtime

When engaging in _____ , identify rivals' strengths, weaknesses as well as look for new competitors