Exam 5: Strategies in Action

An acquisition occurs when a large organization purchases a smaller one or vice versa.

Define and give an example, where available, of three integrative strategies.

Marriott selling its timeshare business is an example of which type of strategy?

What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?

Discuss four common problems that cause joint ventures to fail.

Gaining ownership or increased control over distributors or retailers is called forward integration strategy.

A low-cost focus strategy offers products or services to a small range of customers at the lowest price available on the market.

Chapter 13 bankruptcy is similar to Chapter 11, but available only to large corporations.

Deutsche Bank's entrance into the casino business in Las Vegas is an example of related diversification.

An appropriate strategy when an organization has excess production capacity is market development.

The form of bankruptcy in which all the organization's assets are sold in parts for their tangible worth is

Which strategy would be most appropriate when the distinctive competencies of two or more firms complement each other especially well?

There are four basic types of diversification: concentric, conglomerate, forward, and backward.

First mover advantage refers to the benefits a firm may achieve by entering a new market or developing a new product or service prior to rival firms.

Discuss Michael Porter's five generic strategies.

Most companies favor related diversification strategies in order to exploit common use of a well-known brand name.

All of the following are listed among the "softer" factors in the Balanced Scorecard EXCEPT

According to Porter, strategies allow organizations to gain competitive advantage from three different bases: cost leadership, differentiation, and decentralization.

Today McDonald's owns about _______ percent of its 32,800 restaurants.

Differentiation guarantees competitive advantage.