Question 1

Rollups are not synonymous with traditional mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion 
A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion

Question 3

Discuss the reasons a firm may form a strategic alliance.

Accepted Answer

A firm may form a strategic al

Question 4

Which of the following is NOT one of the risks of a cost leadership strategy?

Accepted Answer

A)  The technology that the organization has been using changes. 
B)  Achieving excessive success causes jealousy amongst competitors. 
C)  Competitors can achieve viable imitations. 
D)  Other bases for cost leadership erode. 
E)  Proximity in differentiation is lost. 
A)  The technology that the organization has been using changes. 
B)  Achieving excessive success causes jealousy amongst competitors. 
C)  Competitors can achieve viable imitations. 
D)  Other bases for cost leadership erode. 
E)  Proximity in differentiation is lost.

Question 5

What is a propitious niche? Provide an example of a firm that has been able to successfully occupy a propitious niche.

Accepted Answer

A propitious niche is an extremely favor

Question 6

In a TOWS Matrix, WT Strategies

Accepted Answer

A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box." 
A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box."

Question 7

Cost leadership is the ability of a company or business unit to design, produce, and market a comparable product more efficiently than its competitors.

Accepted Answer

A) True 
 B)False

Question 8

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?

Accepted Answer

A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  vertical growth 
E)  concentration 
A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  vertical growth 
E)  concentration

Question 9

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

Accepted Answer

A) True 
 B)False

Question 10

What are cooperative strategies?

Accepted Answer

Cooperative strategies are used to gain

Question 11

Too much partnering experience with the same strategic partners generates diminishing returns over time and leads to reduced performance.

Accepted Answer

A) True 
 B)False

Question 12

Tight cost control is an organizational requirement for a cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 13

A method developed in the mid-1990s as an efficient means to quickly consolidate a fragmented industry can be referred to as a

Accepted Answer

A)  merger. 
B)  strategic rollup. 
C)  cost strategy. 
D)  differentiation strategy. 
E)  focus strategy. 
A)  merger. 
B)  strategic rollup. 
C)  cost strategy. 
D)  differentiation strategy. 
E)  focus strategy.

Question 14

A secret salary cap was the contention in a 2012 collusion lawsuit filed against

Accepted Answer

A)  KFC. 
B)  the National Football League. 
C)  GE. 
D)  Major League Baseball. 
E)  ESPN. 
A)  KFC. 
B)  the National Football League. 
C)  GE. 
D)  Major League Baseball. 
E)  ESPN.

Question 15

The two general types of cooperative strategies are

Accepted Answer

A)  competitive and functional. 
B)  collusion and competitive. 
C)  strategic alliances and collusion. 
D)  strategic alliances and competitive. 
E)  competitive and collusive alliances. 
A)  competitive and functional. 
B)  collusion and competitive. 
C)  strategic alliances and collusion. 
D)  strategic alliances and competitive. 
E)  competitive and collusive alliances.

Question 16

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

Accepted Answer

A)  joint venture 
B)  licensing arrangement 
C)  strategic alliance 
D)  marketing strategy 
E)  value-chain partnership 
A)  joint venture 
B)  licensing arrangement 
C)  strategic alliance 
D)  marketing strategy 
E)  value-chain partnership

Question 17

The active cooperation of firms within an industry to reduce output and raise prices to get around the normal law of supply and demand is referred to as

Accepted Answer

A)  a strategic alliance. 
B)  collusion. 
C)  a strategic roll up. 
D)  a merger. 
E)  licensing. 
A)  a strategic alliance. 
B)  collusion. 
C)  a strategic roll up. 
D)  a merger. 
E)  licensing.

Question 18

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

Accepted Answer

A)  united industry. 
B)  fragmented industry. 
C)  consolidated industry. 
D)  isolated industry. 
E)  integrated industry. 
A)  united industry. 
B)  fragmented industry. 
C)  consolidated industry. 
D)  isolated industry. 
E)  integrated industry.

Question 19

A corporation's specific competitive role which is so well-suited to the firm's internal and external environment that other corporations are NOT likely to challenge or dislodge it.

Accepted Answer

A)  strategic fit 
B)  propitious niche 
C)  common thread 
D)  business screen 
E)  implicit strategy 
A)  strategic fit 
B)  propitious niche 
C)  common thread 
D)  business screen 
E)  implicit strategy

Question 20

Most entrepreneurial ventures follow focus strategies.

Accepted Answer

A) True 
 B)False

Rollups are not synonymous with traditional mergers and acquisitions.

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

Discuss the reasons a firm may form a strategic alliance.

Which of the following is NOT one of the risks of a cost leadership strategy?

What is a propitious niche? Provide an example of a firm that has been able to successfully occupy a propitious niche.

In a TOWS Matrix, WT Strategies

Cost leadership is the ability of a company or business unit to design, produce, and market a comparable product more efficiently than its competitors.

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?

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

What are cooperative strategies?

Too much partnering experience with the same strategic partners generates diminishing returns over time and leads to reduced performance.

Tight cost control is an organizational requirement for a cost leadership strategy.

A method developed in the mid-1990s as an efficient means to quickly consolidate a fragmented industry can be referred to as a

A secret salary cap was the contention in a 2012 collusion lawsuit filed against

The two general types of cooperative strategies are

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

The active cooperation of firms within an industry to reduce output and raise prices to get around the normal law of supply and demand is referred to as

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

A corporation's specific competitive role which is so well-suited to the firm's internal and external environment that other corporations are NOT likely to challenge or dislodge it.

Most entrepreneurial ventures follow focus 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

Filters

Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

Rollups are not synonymous with traditional mergers and acquisitions.

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

Discuss the reasons a firm may form a strategic alliance.

Which of the following is NOT one of the risks of a cost leadership strategy?

What is a propitious niche? Provide an example of a firm that has been able to successfully occupy a propitious niche.

In a TOWS Matrix, WT Strategies

Cost leadership is the ability of a company or business unit to design, produce, and market a comparable product more efficiently than its competitors.

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?

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

What are cooperative strategies?

Too much partnering experience with the same strategic partners generates diminishing returns over time and leads to reduced performance.

Tight cost control is an organizational requirement for a cost leadership strategy.

A method developed in the mid-1990s as an efficient means to quickly consolidate a fragmented industry can be referred to as a

A secret salary cap was the contention in a 2012 collusion lawsuit filed against

The two general types of cooperative strategies are

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

The active cooperation of firms within an industry to reduce output and raise prices to get around the normal law of supply and demand is referred to as

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

A corporation's specific competitive role which is so well-suited to the firm's internal and external environment that other corporations are NOT likely to challenge or dislodge it.

Most entrepreneurial ventures follow focus 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

Filters