Exam 6: Strategy Formulation: Business Strategy

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.

One company that has successfully found a propitious niche is

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

Which of the following is not one of the risks of a cost leadership strategy?

Which strategy is a firm following if it provides a unique and superior value in a narrow market?

When a company is concerned that the higher price it charges for its higher quality is too far above the price of the competition,the company is likely addressing a risk of following which competitive strategy?

The matrix that summarizes an organization's strategic factors by combining the external factors from the EFAS Table with the internal factors from the IFAS Table is called a(n)

Walt Disney Company competes successfully in the entertainment industry using which of Porter's competitive strategies?

What are the common elements of a well-crafted mission statement?

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

Orphagenix,a small biotech firm,avoids head-to-head competition with large pharmaceutical companies by developing orphan drugs to target diseases that affect fewer than 200,000 people.This is an example of which of Porter's generic strategies?

An effective mission statement not only needs to be specific to that organization; it must enable a common thread to highlight and focus the energy of everyone in the organization in the direction that the top management team believes is best for the business.

Discuss competitive strategy differences between a fragmented and a consolidated industry.

The SFAS Matrix summarizes an organization's strategic factors by combining the external factors from the IFAS Table with the internal factors from the EFAS Table.

Too much partnering experience with the same strategic partners generates diminishing returns over time and leads to reduced performance.

Research suggests that a differentiation strategy is more likely to generate higher profits than a lower cost strategy because differentiation creates

According to Porter,the generic competitive strategy that reflects the ability to provide unique and superior value to the buyer in terms of product quality,special features,or after-sale service is called

Most entrepreneurial ventures attempt to follow focus strategies.

Incentives based on meeting strict quantitative targets are a common organizational requirement for which of Porter's generic competitive strategies?

As an industry becomes hypercompetitive,firms initially respond by