A) involves direct communication among competing firms. B) is most likely to be successful if there are many competitors. C) is seen with conscious parallelism as practiced by GE and Westinghouse. D) is not illegal. E) is most effective when the industry does not have a firm that acts as a price leader. A) involves direct communication among competing firms. B) is most likely to be successful if there are many competitors. C) is seen with conscious parallelism as practiced by GE and Westinghouse. D) is not illegal. E) is most effective when the industry does not have a firm that acts as a price leader.

Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

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

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Question 1

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The technique that illustrates how management can match the external opportunities and threats with its strengths and weaknesses to yield four sets of strategic alternatives is called a(n)

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Question 2

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The T in SWOT represents

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Question 3

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

(True/False)

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Question 4

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

(True/False)

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Question 5

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.

(True/False)

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Question 6

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

(True/False)

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Question 7

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

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Question 8

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

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Question 9

Business strategy is composed of

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Question 10

What are the types of alliances that businesses can engage in?

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Question 11

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

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Question 12

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.

(True/False)

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Question 13

Tacit collusion

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Question 14

In licensing arrangements

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Question 15

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

(True/False)

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Question 16

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

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Question 17

Which of the following is NOT one of the eight dimensions of quality?

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Question 18

According to Porter, the term that applies to the breadth of a company's or business unit's target market is called

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Question 19

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

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Question 20

Showing 1 - 20 of 104

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

The technique that illustrates how management can match the external opportunities and threats with its strengths and weaknesses to yield four sets of strategic alternatives is called a(n)

The T in SWOT represents

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

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

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.

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

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

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

Business strategy is composed of

What are the types of alliances that businesses can engage in?

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

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.

Tacit collusion

In licensing arrangements

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

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

Which of the following is NOT one of the eight dimensions of quality?

According to Porter, the term that applies to the breadth of a company's or business unit's target market is called

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

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

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