Question 1

A firm which acquires businesses that are related in some way to their existing businesses is trying to benefit from ________

Accepted Answer

synergy

Question 2

Outline the different activities in Porter's Value Chain.

Accepted Answer

The value chain is a generic model which breaks down the activities in an organization which take place to produce the product or service. These are split into primary activities and support activities. Primary activities are those that generate the income from the direct production of the product or service which is split into discrete elements - inbound logistics/operation/outbound logistics/ marketing/after sales. The support activities help the primary activities to work effectively and these are firm infrastructure, HRM, technology development and procurement.

Question 3

The way in which the value chain is configured should enable the organization to appeal to strategic customer segments. These can be defined as

Accepted Answer

A)  A group of customers that can be targeted by a specific combination of product performance and price 
B)  A group of customers that are willing to pay a high price for a good quality product or service 
C)  Customer needs that can be created by innovation 
D)  Those aspects of customer behaviour that are universal 
A)  A group of customers that can be targeted by a specific combination of product performance and price 
B)  A group of customers that are willing to pay a high price for a good quality product or service 
C)  Customer needs that can be created by innovation 
D)  Those aspects of customer behaviour that are universal A

Question 4

When selecting the variables for drawing strategic maps, two approaches can be used, these are pragmatic and

Accepted Answer

A)  qualitiative 
B)  quantitiative 
C)  behavioural 
D)  gut instinct 
A)  qualitiative 
B)  quantitiative 
C)  behavioural 
D)  gut instinct

Question 5

Which of the following is a resource of a firm?

Accepted Answer

A)  Competences 
B)  Differentiation advantage 
C)  Capital equipment 
D)  Cost advantage 
A)  Competences 
B)  Differentiation advantage 
C)  Capital equipment 
D)  Cost advantage

Question 6

The way in which customers are grouped according to characteristics is called

Accepted Answer

A)  Strategic group analysis 
B)  Industry analysis 
C)  Market segmentation 
D)  Unique selling points 
A)  Strategic group analysis 
B)  Industry analysis 
C)  Market segmentation 
D)  Unique selling points

Question 7

In industries containing numerous strategic groups of similar sizes competitive rivalry is likely to be__________

Accepted Answer

The answer of In industries containing numerous strategic groups of...

Question 8

Strategic groups can exist in a market under the conditions of perfect competition

Accepted Answer

A) True 
 B)False

Question 9

The purpose of doing a value chain analysis is to identify ways of doing activities better or______________ than competitors.

Accepted Answer

The answer of The purpose of doing a value chain...

Question 10

Competitive advantage can be derived from aspects of the organization that are difficult to identify and measure. For example, ___________ knowledge.

Accepted Answer

The answer of Competitive advantage can be derived from aspects...

Question 11

To identify strategic groups any two variables can be used to map firms against

Accepted Answer

A) True 
 B)False

Question 12

Strategic group analysis should only consider firms at the level of the business unit.

Accepted Answer

A) True 
 B)False

Question 13

Distinguish between a firm's resources and capabilities.

Accepted Answer

Put simply, resources are something that

Question 14

Strategic space might exist in a particular strategic map because

Accepted Answer

A)  It would not be feasible to compete in that part of the industry 
B)  It is perceived to be infeasible to compete in that part of the industry 
C)  Structural characteristics of the industry have changed since the emergence of strategic groups 
D)  The strategic map has used inappropriate variables to define the map 
A)  It would not be feasible to compete in that part of the industry 
B)  It is perceived to be infeasible to compete in that part of the industry 
C)  Structural characteristics of the industry have changed since the emergence of strategic groups 
D)  The strategic map has used inappropriate variables to define the map

Question 15

A strategic group exists if

Accepted Answer

A)  there are mobility barriers between groups of firms within an industry 
B)  there are a group of firms with similar characteristics 
C)  there are a number of firms of similar size offering the same kind of product 
D)  a group of firms are targeting a different strategic segment to other firms in the industry 
A)  there are mobility barriers between groups of firms within an industry 
B)  there are a group of firms with similar characteristics 
C)  there are a number of firms of similar size offering the same kind of product 
D)  a group of firms are targeting a different strategic segment to other firms in the industry

Question 16

A firm achieving competitive advantage today theoretically has a better chance of achieving competitive advantage tomorrow compared to firms with lower profitability.

Accepted Answer

A) True 
 B)False

Question 17

What variables would typically be used to segment industry buyers?

Accepted Answer

Industry buyers are customers of a firm

Question 18

A Value Chain analysis is useful for

Accepted Answer

A)  Identifying sources of competitive advantage 
B)  Benchmarking with competitors 
C)  Identifying the effectiveness of linkages between activities 
D)  Deciding whether to outsource an activity 
A)  Identifying sources of competitive advantage 
B)  Benchmarking with competitors 
C)  Identifying the effectiveness of linkages between activities 
D)  Deciding whether to outsource an activity

Question 19

When defining strategic segments, industrial buyers are likely to be defined using which of the following bases of segmentation?

Accepted Answer

A)  Size 
B)  technical sophistication 
C)  distribution channel 
D)  demographics 
A)  Size 
B)  technical sophistication 
C)  distribution channel 
D)  demographics

Question 20

The basic spine of Porter's Five Forces analysis is represented by the

Accepted Answer

A)  Value chain 
B)  Strategic groups 
C)  Supply chain 
D)  Industry structure 
A)  Value chain 
B)  Strategic groups 
C)  Supply chain 
D)  Industry structure

A firm which acquires businesses that are related in some way to their existing businesses is trying to benefit from ________

Outline the different activities in Porter's Value Chain.

The way in which the value chain is configured should enable the organization to appeal to strategic customer segments. These can be defined as

When selecting the variables for drawing strategic maps, two approaches can be used, these are pragmatic and

Which of the following is a resource of a firm?

The way in which customers are grouped according to characteristics is called

In industries containing numerous strategic groups of similar sizes competitive rivalry is likely to be__________

Strategic groups can exist in a market under the conditions of perfect competition

The purpose of doing a value chain analysis is to identify ways of doing activities better or______________ than competitors.

Competitive advantage can be derived from aspects of the organization that are difficult to identify and measure. For example, ___________ knowledge.

To identify strategic groups any two variables can be used to map firms against

Strategic group analysis should only consider firms at the level of the business unit.

Distinguish between a firm's resources and capabilities.

Strategic space might exist in a particular strategic map because

A strategic group exists if

A firm achieving competitive advantage today theoretically has a better chance of achieving competitive advantage tomorrow compared to firms with lower profitability.

What variables would typically be used to segment industry buyers?

A Value Chain analysis is useful for

When defining strategic segments, industrial buyers are likely to be defined using which of the following bases of segmentation?

The basic spine of Porter's Five Forces analysis is represented by the

Introduction to Strategy

Systems Model and Strategy Map

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters

Exam 5: Competitive Strategy: The Analysis of Strategic Position

A firm which acquires businesses that are related in some way to their existing businesses is trying to benefit from ________

Outline the different activities in Porter's Value Chain.

The way in which the value chain is configured should enable the organization to appeal to strategic customer segments. These can be defined as

When selecting the variables for drawing strategic maps, two approaches can be used, these are pragmatic and

Which of the following is a resource of a firm?

The way in which customers are grouped according to characteristics is called

In industries containing numerous strategic groups of similar sizes competitive rivalry is likely to be__________

Strategic groups can exist in a market under the conditions of perfect competition

The purpose of doing a value chain analysis is to identify ways of doing activities better or______________ than competitors.

Competitive advantage can be derived from aspects of the organization that are difficult to identify and measure. For example, ___________ knowledge.

To identify strategic groups any two variables can be used to map firms against

Strategic group analysis should only consider firms at the level of the business unit.

Distinguish between a firm's resources and capabilities.

Strategic space might exist in a particular strategic map because

A strategic group exists if

A firm achieving competitive advantage today theoretically has a better chance of achieving competitive advantage tomorrow compared to firms with lower profitability.

What variables would typically be used to segment industry buyers?

A Value Chain analysis is useful for

When defining strategic segments, industrial buyers are likely to be defined using which of the following bases of segmentation?

The basic spine of Porter's Five Forces analysis is represented by the

Introduction to Strategy

Systems Model and Strategy Map

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters