Exam 6: Strategy Formulation: Business Strategy

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

Business strategy is composed of

An example of a company following a cost focus strategy is Potlach Corporation,which makes house brands of toilet paper for Safeway and other grocery store chains.

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

One skill required of the cost leadership strategy is a strong marketing ability.

SO strategies attempt to take advantage of opportunities by overcoming weaknesses.

If it is to be successful,Porter advises that a division possess strong marketing abilities,product engineering,a creative flair,strong capability in basic research and a corporate reputation for quality or technological leadership,for which one of the following generic competitive strategies?

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

Walmart,as a discount retailer,is an example of a company following which of Porter's competitive strategies?

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?

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

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

All of the following reflect criticisms of the SWOT analysis EXCEPT

Which of the following is not cited as one of the questions that development of a competitive strategy should raise?

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

According to D'Aveni's book,Hypercompetition,which of the following statements is true?

Discuss the types of alliances that businesses can engage in?

The kind of strategic alliance in which there is a partnership of similar companies in similar industries who pool their resources to gain a benefit that is too expensive to develop alone is the

Those companies using cooperative strategies are generally not able to gain a competitive advantage.

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.