Exam 5: Strategy Formulation: Situation Analysis and Business Strategy

According to Porter, the competitive strategy that applies to the ability of the corporation or its business unit to design, produce, and market a comparable product more efficiently than its competitors is called

Business strategy focuses on

The technique that illustrates how management can match the external opportunities and threats with its strengths and weaknesses to yield four sets of strategic alternatives is called a an)

A corporation's specific competitive role, which is so well-suited to the firm's internal and external environment that other corporations are NOT likely to challenge or dislodge it, is called a

The kind of strategic alliance in which there is a partnership of similar companies in similar industries who pool their resources to gain a benefit that is too expensive to develop alone is the

Midamar Corporation, the maker of halal foods, successfully follows a strategy of

As an industry matures while overcoming fragmentation and becomes dominated by a small number of large companies, it tends to become an)

A SFAS Matrix differs from the EFAS and IFAS Tables by adding a new column called

Which offensive tactic proposes an indirect approach against the established competitor such as changing the rules of the game?

Which of Porter's competitive strategies concentrates on a particular buyer group, product line segment, or geographic market so that a company can serve its market more effectively?

According to Porter, the competitive strategy that applies to the ability to provide unique and superior value to the buyer in terms of product quality, special features, or after-sale service is called

Which of the following is NOT a reason for forming a strategic alliance?

According to Porter, a business unit in a competitive marketplace with no competitive advantage is

Which offensive tactic advocates attacking a part of the market where the competitor is weak?

The kind of strategic alliance in which a company forms a strong and close long-term relationship for mutual advantage with a key supplier or distributor is the

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to serve only this niche market in order to be more efficient?

When lower cost and differentiation strategies have a narrow focus on a market niche they are simply called

Focus strategies will likely predominate when many small and medium-sized local companies compete for relatively small shares of the total market in an)

Which defensive tactic acts to block a challenger's logical avenues of attack such as exclusive agreements with distributors or an increase scale economies to reduce unit costs?

A tactic is defined by the text as