Exam 6: Strategy Formulation: Business Strategy

Product engineering,creative flair,and strong cooperation from channels are commonly required skills and resources for which of Porter's generic strategies?

Which of the following is not a reason companies or business units may form a strategic alliance?

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines,it is referred to as

The focus strategies will likely predominate when many small- and medium-sized local companies compete for relatively small shares of the total market in a(n)

Amenities to attract highly skilled labor,scientists,or creative people are a common organizational requirement for which of Porter's generic competitive strategies?

What is the impact of hypercompetition on competitive advantage?

One desired outcome of analyzing strategic factors is identifying niches where an organization can use its ________ to take advantage of a particular market opportunity.

What are the three generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

The two general types of cooperative strategies are

According to Porter,the generic competitive strategy that reflects the ability of the corporation or its business unit to design,produce,and market a comparable product more efficiently than its competitors is called

Which of Porter's competitive strategies is likely to predominate in a fragmented industry?

In the development of an SFAS matrix,the first step is to

In manufacturing toilet paper for grocery store chains (and avoiding competing directly against Charmin),Potlach has followed which of Porter's generic competitive strategies?

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

One company that has successfully found a propitious niche (extremely favorable niche) is Frank J.Zamboni & Company,the manufacturer of the machines that smooth the ice at ice skating rinks.

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

Although Porter agrees that it is possible for a company to achieve low cost and differentiation simultaneously,he suggests that no company has been able to achieve this.

According to Barney,under which condition would tacit collusion most likely be successful?

Discuss the types of alliances that businesses can engage in?

Most entrepreneurial ventures follow