Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is

The T in SWOT represents

In a TOWS Matrix, WT Strategies

One company that has successfully found a propitious niche is

The two general types of cooperative strategies are collusion and strategic alliances.

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

Which of Porter's competitive strategies concentrates on seeking differentiation in a particular buyer group, product line segment, or geographic market?

The first firm through a strategic window can occupy a propitious niche and discourage competition (if the firm has the required internal strengths).

What is a propitious niche? Provide an example of a firm that has been able to successfully occupy a propitious niche.

Apple is an example of a company following which of Porter's generic competitive strategies?

An example of a company that was "stuck in the middle" is K-Mart as they tried to imitate both Walmart's low-cost strategy and Target's differentiation strategy.

Cost leadership is the ability of a company or business unit to design, produce, and market a comparable product more efficiently than its competitors.

The "cell" chip created by IBM, Sony Electronics, and Toshiba was a result of pooling their resources in a

The strategic rollup was developed in the mid-1990s as an efficient way to quickly consolidate a fragmented industry with the resulting large firm creating economies of scale.

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

What are Porter's four generic strategies?

The last stage of a hypercompetitive industry is reached when the remaining large global competitors

The TOWS Matrix illustrates how the external opportunities and threats facing a particular corporation can be matched with that company's internal strengths and weaknesses to result in four sets of possible strategic alternatives.

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

A value chain partnership is a loose alliance with several distributors for the short term.