Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

Which of Porter's competitive strategies concentrates on seeking differentiation in a particular buyer group, product line segment, or geographic market?

(Multiple Choice)

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Question 21

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

(True/False)

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Question 22

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

(True/False)

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Question 23

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

(Multiple Choice)

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Question 24

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

(Multiple Choice)

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Question 25

Based on the eight dimensions of quality discussed in the text, serviceability is defined as the product's ease of repair.

(True/False)

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Question 26

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

(Multiple Choice)

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Question 27

Which of the following is NOT considered a strategic alliance success factor?

(Multiple Choice)

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Question 28

The concept that advocates management's attempt to find a strategic fit between external opportunities and internal strengths while working around external threats and internal weaknesses is called

(Multiple Choice)

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Question 29

Jet airplane manufacturers often enter into strategic alliances to

(Multiple Choice)

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Question 30

Porter recommends that a division with tight cost control, frequent detailed control reports, a well structured organization, and quantitatively based incentives is required for which of the following generic competitive strategies?

(Multiple Choice)

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Question 31

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.

(True/False)

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Question 32

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

(Multiple Choice)

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Question 33

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

(Multiple Choice)

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Question 34

Alliances take more financial resources and involve more risk than do acquisitions and going it alone.

(True/False)

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Question 35

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

(Multiple Choice)

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Question 36

In tacit collusion, there is no direct communication among competing firms.

(True/False)

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Question 37

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?

(Multiple Choice)

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Question 38

Intense supervision of labor, sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?

(Multiple Choice)

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Question 39

One risk of a cost leadership strategy is that the technology for production or of products may change.

(True/False)

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Question 40

Showing 21 - 40 of 104

Which of Porter's competitive strategies concentrates on seeking differentiation in a particular buyer group, product line segment, or geographic market?

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

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

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

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

Based on the eight dimensions of quality discussed in the text, serviceability is defined as the product's ease of repair.

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

Which of the following is NOT considered a strategic alliance success factor?

The concept that advocates management's attempt to find a strategic fit between external opportunities and internal strengths while working around external threats and internal weaknesses is called

Jet airplane manufacturers often enter into strategic alliances to

Porter recommends that a division with tight cost control, frequent detailed control reports, a well structured organization, and quantitatively based incentives is required for which of the following generic competitive strategies?

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.

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

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

Alliances take more financial resources and involve more risk than do acquisitions and going it alone.

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

In tacit collusion, there is no direct communication among competing firms.

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?

Intense supervision of labor, sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?

One risk of a cost leadership strategy is that the technology for production or of products may change.

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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