Exam 5: Developing Mission, Vision, and Values

A cost-leadership strategy is more likely to generate a(n) _____________ in market share.

Why are partnership-based growth referred to as co-opetition?

Examining opportunities and threats is part of _____________ analysis.

Strategy is about making choices that provide an organization with some measure of ____________ that allows them to outperform competitors.

Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.

_____________ growth is the growth rate of a company excluding any growth from takeovers, acquisitions, or mergers.

Knowledge possessed by human capital is among the most significant of an organization's capabilities.

A firm's tangible resource includes which of the following?

To help them develop an environment in which knowledge is widely spread across all employees, some organizations have created the new upper-level managerial position of __________________.

According to Mintzberg, the percent of intended strategy that becomes a reality is:

Explain Martin-Brower's focus strategy as the third-largest food distributor in the United States.

While there are different schools of thought about how strategy comes about, researchers generally agree the common characteristic across successful organizations is:

Firms pursuing a differentiation strategy are vulnerable to different competitive threats than firms pursing a cost leader strategy.

According to the strategy diamond, economic logic tells us how profits will be generated above the firm's cost of capital.

Critical to the forming of competitive advantages, _______________ are often based on developing, carrying, and exchanging information and knowledge through the firm's human capital.

A resource or capability is said to be ____________ if it allows the firm to exploit opportunities or negate threats in the environment.

By drawing on external analysis and emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of firm-specific differences.

_____________ exists when an organization participates in multiple businesses that are in some way distinct from each other, as Taco Bell is from Pizza Hut.

Firms utilizing a competitive scope strategy can tailor advertising and promotional efforts to a particular market niche.

The oil refiners are upstream of the oil producers.