Exam 6: Strategy Formulation: Business 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)

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

Disadvantages of joint ventures include all of the following EXCEPT

Discuss the reasons a firm may form a strategic alliance.

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.

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.

If a mission does not provide a common thread for a corporation's businesses,managers might be unclear about where the company is heading.

The ability to market a comparable product or service more efficiently than competitors is the one skill not required in a cost leadership strategy.

Strict targets to improve efficiency are likely to be found in organizations following which of Porter's generic competitive strategies?

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

Which strategy has been used successfully by Yum! Brands to establish KFC and Pizza Hut restaurants across the globe?

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

According to the text,unique market opportunities that are available for only a particular time are called

Niches can grow and change over time.

Business strategy focuses on improving the competitive position of a company's or business unit's products or services within the specific industry or market segment that the company or business unit serves.

Which of the following is true of an organization's mission statement?

One company that has successfully found a propitious niche is

When Facebook partnered with nine news organizations to allow the news organizations (including powerhouses like the New York Times and NBC News)to post stories on the Facebook site,they engaged in

What are cooperative strategies?

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