Exam 6: Planning, Strategy, and Competitive Advantage

When Procter & Gamble uses the same distribution system to deliver its oral care products and its hair care products to drugstore chains, this is an example of

In general, business planning involves three distinct steps. Discuss these three steps.

The decision of a company to invest in state-of-the-art European production facilities is an example of a ________-level strategy.

The corporate-level strategy that involves a company reinvesting its profits to strengthen its competitive position in the industry in which it is currently operating is

Managers at Dimensions, Inc., created an effective strategy formulation, which determined that the company has

An organization attempts to succeed by distinguishing its products from those of the competition; this is a(n)________ strategy.

Concentration on a single industry, vertical integration, diversification, and international expansion are principal strategies of the ________ level of an organization.

Distinguish between a policy, a rule, and a standard operating procedure of an organization and give one example of each of these types of standing plans that would be used in a business.

Michael Porter presented four ways in which the top management of an organization could select a business-level strategy for their organization. Discuss any two of these four ways of increasing the value of an organization's products and explain the advantages and disadvantages of the strategies that you choose.

Synergy is obtained by apportioning financial resources among divisions to increase financial returns or spread risks among different businesses.

A broad declaration of the organization's overriding purpose, which is intended to identify the organization's products and customer base, as well as to differentiate the organization from its competitors, is known as a ________ statement.

Write a brief note on global strategies and multidomestic strategies. Also mention one advantage and one disadvantage of each.

A general guide to action for the managers of an organization is known as a

Explain briefly the three levels in the planning and strategy-making process and give an example for each. Also mention how they are linked with each other.

SynVens, a major retail chain in Hungary, is planning to diversify. To accomplish this, it sets up a corporate level strategy which involves

Distinguish related diversification from unrelated diversification. Provide suitable examples.

Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits. This is an example of

A strategic alliance can take the form of a written contract between two or more companies to exchange resources, or it can result in the creation of a new organization.

The ability of the CEO and top managers to convey to their subordinates a compelling vision of what they want the organization to achieve is known as ________ leadership.

When managers pool or share their organization's resources and know-how with those of a foreign company, and the two organizations share the rewards or risks of starting a new venture in a foreign country, the two organizations are involved in