Exam 8: Strategy Formulation and Implementation

The standardisation of product design and advertising strategies throughout the world is called ____________________.

Strengths and ____________________ are typically gauged through internal analysis,while opportunities and threats are typically gauged through external analysis.

With a ____________________ strategy,the organisation concentrates on a specific regional market or buyer group.

The question 'What business are we in?' concerns corporate-level strategy.

According to Porter,Porche's production of high-performance sports cars represents an example of a focus strategy.

The increase in customer preference for healthy eating over the past ten years has presented a threat to the growth of Coca Cola's soft drink business.Which of Porter's 'five forces' would you attribute this change in preference?

It is impossible for an organisation to convert its weaknesses into strengths.

Under the assumptions of the BCG Matrix,a 'question mark' has a:

The BCG matrix organises along which of the following dimensions?

An organisation that has standardised its product line throughout the world would be pursuing a:

When a number of new organisations enter a growth market,the amount of choice available increases.Such a situation would most closely be associated with the _____________________(four words)in Porter's 'five forces' model.

The _____________ strategy involves an attempt to distinguish the organisation's products or services from others in the industry.

According to Porter's 'five forces',comments by a potential competitor that they will 'introduce their products at reduced prices so that other organisations will go out of business' is an example of a 'threat of new entrants'.

Synergy is a condition that exists when organisation's parts interact to produce a joint effect that is greater than the sum of the parts acting alone.

The ability to leverage and develop more from the organisation's existing assets,capabilities and core competencies in a way that will provide a sustained competitive advantage is known as a:

With a(n)__________ strategy,the organisation concentrates on a specific regional market or buyer group.

According to the BCG matrix,a _________________ (two words)exists in a mature,slow-growth industry but is a dominant business in the industry,with a large market share.

A functional-level strategy is mostly concerned with which question?

The assumption that a single global market exists would lead to a:

Portfolio management refers to the manner in which an individual organises and presents their past achievements.