Exam 1: The Concept of Strategy

A sound strategy requires four components: simple, short term goals; deep understanding of competitive environment; objective appraisal of resources; and effective implementation of the strategy

Strategy can be articulated and communicated in several ways:

The balance between design and emergence depends mostly on:

Although common wisdom would assume that superior technical competencies, i.e. skills in your field, are the main determinant of personal success, the example of artist Madonna seems to challenge this assumption. Why?

Strategy analysis:

How can a start-up strategy be identified?

Is global warming a threat or an opportunity for the world's automobile manufacturers?

Strategy improves decision-making by:

Success is fundamentally linked to:

Between the two levels of strategy, the division of responsibility is consistent with the following principle:

If Honda had a haphazard approach to the US market and succeeded, why use the deliberate dimension for setting strategy?

Business strategy has intellectual origins in military strategy

When the environment becomes more turbulent, unpredictable, and full of new opportunities:

Appraising a firm's resources consists of:

Strategy is a unifying theme and a general guideline

Strategy answers two basic questions: where and how to compete?

The fundamental task of business strategy is to determine how the firm:

Corporate strategy is concerned with:

In 1999, Peter Drucker observed that:

With increased business environment instability, strategy has become: