Question 1

Explain what affects a company's ultimate success or failure in the marketplace.

Accepted Answer

The answer of Explain what affects a company's ultimate success...

Question 2

Provide at least two examples of a company's competitively valuable capabilities.

Accepted Answer

The answer of Provide at least two examples of a...

Question 3

Explain the difference between a company's business model and a company's strategy.

Accepted Answer

A company's business model and a company

Question 4

Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

Accepted Answer

A)  aiming for a cost-based competitive advantage 
B)  outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,or more attractive styling 
C)  simply trying to mimic the successful strategies of rivals 
D)  focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche 
E)  developing expertise and resources that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own 
A)  aiming for a cost-based competitive advantage 
B)  outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,or more attractive styling 
C)  simply trying to mimic the successful strategies of rivals 
D)  focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche 
E)  developing expertise and resources that give the company competitive capabilities that rivals can't easily imitate or trump with capabilities of their own

Question 5

It is normal for a company's strategy to end up being

Accepted Answer

A)  left unchanged from management's original planned set of actions and business approaches since making on-the-spot changes is too risky. 
B)  a combination of defensive moves to protect the company's market share and offensive initiatives to set the company's product offering apart from rivals. 
C)  like the strategies of other industry members since all companies are confronting much the same market conditions and competitive pressures. 
D)  a blend of deliberate planned actions to improve the company's competitiveness and financial performance and as-needed unplanned reactions to unanticipated developments and fresh market conditions. 
E)  a mirror image of its business model,so as to avoid impairing company profitability. 
A)  left unchanged from management's original planned set of actions and business approaches since making on-the-spot changes is too risky. 
B)  a combination of defensive moves to protect the company's market share and offensive initiatives to set the company's product offering apart from rivals. 
C)  like the strategies of other industry members since all companies are confronting much the same market conditions and competitive pressures. 
D)  a blend of deliberate planned actions to improve the company's competitiveness and financial performance and as-needed unplanned reactions to unanticipated developments and fresh market conditions. 
E)  a mirror image of its business model,so as to avoid impairing company profitability.

Question 6

Which of the following is not one of the basic reasons that a company's strategy evolves over time?

Accepted Answer

A)  an ongoing need to abandon those strategy features that are no longer working well 
B)  the proactive efforts of company managers to improve the company's financial performance and secure a competitive advantage 
C)  the need on the part of company managers to make no adjustments to the company's business model 
D)  the need to respond to the actions and competitive moves of rival firms 
E)  the need to keep strategy in step with changing industry and competitive conditions 
A)  an ongoing need to abandon those strategy features that are no longer working well 
B)  the proactive efforts of company managers to improve the company's financial performance and secure a competitive advantage 
C)  the need on the part of company managers to make no adjustments to the company's business model 
D)  the need to respond to the actions and competitive moves of rival firms 
E)  the need to keep strategy in step with changing industry and competitive conditions

Explain what affects a company's ultimate success or failure in the marketplace.

Provide at least two examples of a company's competitively valuable capabilities.

Explain the difference between a company's business model and a company's strategy.

Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

It is normal for a company's strategy to end up being

Which of the following is not one of the basic reasons that a company's strategy evolves over time?

Strategy Formulation, Execution, and Governance

Evaluating a Companys External Environment

Evaluating a Company Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strength-Ending a Company Competitive Position: Strategic Moves, Timing, and Scope of Operations

Strategies for Competing in International Markets

Corporate Strategy: Diversification and the Multi-Business Company

Ethics,Corporate Social Responsibility,Environmental Sustainability, and Strategy

Super Strategy Execution-Another Path to Competitive Advantage

Filters

Exam 1: Strategy,Business Models, and Competitive Advantage

Explain what affects a company's ultimate success or failure in the marketplace.

Provide at least two examples of a company's competitively valuable capabilities.

Explain the difference between a company's business model and a company's strategy.

Which of the following is not a frequently used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage?

It is normal for a company's strategy to end up being

Which of the following is not one of the basic reasons that a company's strategy evolves over time?

Strategy Formulation, Execution, and Governance

Evaluating a Companys External Environment

Evaluating a Company Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strength-Ending a Company Competitive Position: Strategic Moves, Timing, and Scope of Operations

Strategies for Competing in International Markets

Corporate Strategy: Diversification and the Multi-Business Company

Ethics,Corporate Social Responsibility,Environmental Sustainability, and Strategy

Super Strategy Execution-Another Path to Competitive Advantage

Filters