Question 1

Describe how competitive advantage can be created via strategic intent,giving examples of successful approaches of competitors.

Accepted Answer

An alternative framework for understandi

Question 2

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

Accepted Answer

A) True 
 B)False

Question 3

Apple's success with the iPhone prompted Samsung and others to enter the market.This is an example of the "perfectly competitive."

Accepted Answer

A) True 
 B)False

Question 4

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Accepted Answer

The term "hypercompetition" is used to d

Question 5

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

Accepted Answer

A) changing the rules. 
B) collaborating. 
C) comparative advantage. 
D) layers of advantage. 
E) loose bricks. 
A) changing the rules. 
B) collaborating. 
C) comparative advantage. 
D) layers of advantage. 
E) loose bricks.

Question 6

Barnes & Noble entered the online book market as a response to the threat posed by Amazon.com.This approach represents which aspect of the Porter's five forces model?

Accepted Answer

A) rivalry among competitors 
B) bargaining power of buyers 
C) threat of substitute products 
D) threat of new entrants 
E) bargaining power of suppliers 
A) rivalry among competitors 
B) bargaining power of buyers 
C) threat of substitute products 
D) threat of new entrants 
E) bargaining power of suppliers

Question 7

Competitive advantage exists when there is a match between a firm's distinctive competencies and the factors critical for success within its industry.

Accepted Answer

A) True 
 B)False

Question 8

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles.

Accepted Answer

A) True 
 B)False

Question 9

How do chance events play a role in shaping the competitive environment?

Accepted Answer

Chance events are occurrences that are b

Question 10

Caterpillar's attention was focused elsewhere when Komatsu made its first entry into Eastern Europe and gained ground.This is an example of:

Accepted Answer

A) collaborating. 
B) loose bricks. 
C) changing the rules. 
D) layers of advantage. 
E) differentiation. 
A) collaborating. 
B) loose bricks. 
C) changing the rules. 
D) layers of advantage. 
E) differentiation.

Question 11

Germany's Mittelstand companies have been extremely successful pursuing:

Accepted Answer

A) cost leadership. 
B) differentiation. 
C) cost focus. 
D) focused differentiation. 
E) cost differentiation. 
A) cost leadership. 
B) differentiation. 
C) cost focus. 
D) focused differentiation. 
E) cost differentiation.

Question 12

In the terminology of the strategic intent framework for competitive advantage,a firm that establishes advantages in a number of different areas has:

Accepted Answer

A) attribute diversity. 
B) marketing breadth. 
C) comparative advantage. 
D) layers of advantage. 
E) a "double diamond." 
A) attribute diversity. 
B) marketing breadth. 
C) comparative advantage. 
D) layers of advantage. 
E) a "double diamond."

Question 13

What does the phrase factor conditions refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

Accepted Answer

The phrase "factor conditions" refers to

Question 14

In the tech world,about 90 percent of the world's nearly one billion PCs use Microsoft's operating systems and 80 percent use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

Accepted Answer

A) bargaining power of suppliers 
B) bargaining power of buyers 
C) threat of substitute products 
D) rivalry among competitors 
E) threat of new entrants 
A) bargaining power of suppliers 
B) bargaining power of buyers 
C) threat of substitute products 
D) rivalry among competitors 
E) threat of new entrants

Question 15

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

Accepted Answer

A) cost\quality 
B) timing and know how 
C) entry barriers 
D) deep pockets 
E) sporting events 
A) cost\quality 
B) timing and know how 
C) entry barriers 
D) deep pockets 
E) sporting events

Question 16

The nature of firm strategy,structure,and rivalry is the final determinant of a nation's diamond.What does this statement refer to? How does domestic rivalry differ from foreign rivalry? Please explain in detail.

Accepted Answer

Domestic rivalry in a single national ma

Question 17

The issue of sustainability is central to this strategy concept:

Accepted Answer

A) cost leadership. 
B) differentiation. 
C) cost focus. 
D) focused differentiation. 
E) consumer differentiation. 
A) cost leadership. 
B) differentiation. 
C) cost focus. 
D) focused differentiation. 
E) consumer differentiation.

Question 18

A useful way of gaining insight into competitors is through industry analysis.

Accepted Answer

A) True 
 B)False

Question 19

Microsoft's extensive base of Windows operating systems and applications presented a formidable entry barrier for many years.

Accepted Answer

A) True 
 B)False

Question 20

A nation's banking system,health care system,transportation system,and communications system,as well as the availability and cost of using these systems are considered as ________ resources available for competitive advantage of a business.

Accepted Answer

A) knowledge 
B) physical 
C) human 
D) infrastructure 
E) capital 
A) knowledge 
B) physical 
C) human 
D) infrastructure 
E) capital

Describe how competitive advantage can be created via strategic intent,giving examples of successful approaches of competitors.

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

Apple's success with the iPhone prompted Samsung and others to enter the market.This is an example of the "perfectly competitive."

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

Barnes & Noble entered the online book market as a response to the threat posed by Amazon.com.This approach represents which aspect of the Porter's five forces model?

Competitive advantage exists when there is a match between a firm's distinctive competencies and the factors critical for success within its industry.

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles.

How do chance events play a role in shaping the competitive environment?

Caterpillar's attention was focused elsewhere when Komatsu made its first entry into Eastern Europe and gained ground.This is an example of:

Germany's Mittelstand companies have been extremely successful pursuing:

In the terminology of the strategic intent framework for competitive advantage,a firm that establishes advantages in a number of different areas has:

What does the phrase factor conditions refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

In the tech world,about 90 percent of the world's nearly one billion PCs use Microsoft's operating systems and 80 percent use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

The nature of firm strategy,structure,and rivalry is the final determinant of a nation's diamond.What does this statement refer to? How does domestic rivalry differ from foreign rivalry? Please explain in detail.

The issue of sustainability is central to this strategy concept:

A useful way of gaining insight into competitors is through industry analysis.

Microsoft's extensive base of Windows operating systems and applications presented a formidable entry barrier for many years.

A nation's banking system,health care system,transportation system,and communications system,as well as the availability and cost of using these systems are considered as ________ resources available for competitive advantage of a business.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 16: Strategic Elements of Competitive Advantage

Describe how competitive advantage can be created via strategic intent,giving examples of successful approaches of competitors.

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

Apple's success with the iPhone prompted Samsung and others to enter the market.This is an example of the "perfectly competitive."

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Caterpillar's attention was focused elsewhere when Komatsu made its first international entry into the Eastern European Market.Based on the strategic intent framework,this is an example of:

Barnes & Noble entered the online book market as a response to the threat posed by Amazon.com.This approach represents which aspect of the Porter's five forces model?

Competitive advantage exists when there is a match between a firm's distinctive competencies and the factors critical for success within its industry.

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles.

How do chance events play a role in shaping the competitive environment?

Caterpillar's attention was focused elsewhere when Komatsu made its first entry into Eastern Europe and gained ground.This is an example of:

Germany's Mittelstand companies have been extremely successful pursuing:

In the terminology of the strategic intent framework for competitive advantage,a firm that establishes advantages in a number of different areas has:

What does the phrase factor conditions refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

In the tech world,about 90 percent of the world's nearly one billion PCs use Microsoft's operating systems and 80 percent use Intel's microprocessors.This represents which aspect of the Porter's five forces model?

In the global watch industry,the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland.In the strategic framework known as hypercompetition,Swatch's success is an example of interactions in which arena?

The nature of firm strategy,structure,and rivalry is the final determinant of a nation's diamond.What does this statement refer to? How does domestic rivalry differ from foreign rivalry? Please explain in detail.

The issue of sustainability is central to this strategy concept:

A useful way of gaining insight into competitors is through industry analysis.

Microsoft's extensive base of Windows operating systems and applications presented a formidable entry barrier for many years.

A nation's banking system,health care system,transportation system,and communications system,as well as the availability and cost of using these systems are considered as ________ resources available for competitive advantage of a business.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Leadership, organization, and Corporate Social Responsibility

Filters