Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

If a company wishes to be a technological follower and also pursue a differentiation strategy, the appropriate R&D strategy would be to

A company that has previously found great success pioneering an extremely successful product that is presently trying to turn another "long-shot" into a success would be an example of which strategy to avoid?

A strategy's compatibility with the corporate culture has little likelihood of impacting its success.

The strategy that deals with product and process innovation and improvement is known as a(n) ________ strategy.

Leveraged buyouts are also sometimes referred to as

When Dell Computer's customers use the Internet to design their own computers, this demonstrates which manufacturing strategy?

Logistics strategy deals with the flow of products into and out of the manufacturing process.

The evaluation of alternative strategies and selection of the best alternative is referred to as

In evaluating a strategic alternative, if there is little fit with the company's culture, what are management's options?

Since the deregulation of the airline industry, major airlines have entered into a spirited battle for market share by cutting prices and offering special deals. This is an example of which strategy to avoid?

Constituency building, coalition building, and advocacy advertising are commonly used

In a dynamic environment, using consensus to arrive at a strategic decision is not recommended. Why? What two techniques can strategic managers use to avoid the consensus trap?