Exam 9: Managing Strategically

Which of the following describes a company growing by combining with other organizations in the same industry?

Cindy's Cosmetics continues to offer the same high quality beauty products that it has for the last 10 years. The company is successful in its market segment and has no plans for change in the near future. The company is pursuing which type of strategy?

Discuss how managers can formulate e-business strategies that contribute to the development of a sustainable competitive advantage in today's environment.

discuss the Boston Consulting Group (BCG) matrix and explain its usefulness in segmenting businesses. Include a discussion of the characteristics for each of the four categories based on the BCG matrix.

In design thinking, managers apply the strategic management process to all problems.

Studies of the factors that contribute to organizational performance have shown __________ relationship between strategic planning and performance.

Elegance Chocolatier supplies premium chocolates to five-star hotels and restaurants that cater exclusively to wealthy customers. Which of the following is the primary source of Elegance's competitive advantage?

One of the components of the mission statement should be the organization's competitive advantage.

The major value-creating capabilities and skills of the organization are knows as ______________.

Refer to the scenario below to answer the following questions. Clubhouse Gourmet -A- (Scenario) Imagine that you are the president of Clubhouse Gourmet, a successful chain of fast-food restaurants with 60 locations across Canada. The success you have experienced in the last five years has you considering various options about what to do next with the business. Should you continue to expand the business at the current rate? Or perhaps open new and different restaurants? What should you do? -Perhaps the most successful business in your portfolio is a company called Home Alone that produces a line of wireless security products for do-it-yourself homeowners. The anticipated growth rate is spectacular, and the product line is so popular that it dominates the market in Canada. According to the BCG matrix, Home Alone would probably be a(n) __________.

When a university reduces its course offerings in a semester due to low student enrolment, it is pursuing a strategy of __________.

Refer to the scenario below to answer the following questions. SWOT Analysis (Scenario) Terri has been asked to review her company's strategy in the cosmetics industry. Top management wants to ensure that they are aware of emerging trends and changes. Terri began reviewing a list of factors in her mind. Recently, there has been some negative publicity about cosmetics testing on animals; an industry practice that has become very controversial and increasingly unacceptable to consumers. The laboratory animals at Terri's company are well treated, but they are still used to test new products. On a positive note, industry-wide sales are up 10 percent. Women are buying more cosmetics in general, which is good news for the company. Another positive factor is their personnel. They have many good people working in the company, particularly in research and development where the expertise is exceptional. The only other negative factor noted by Terri was that last year's advertising campaign had not achieved the desired results. Something needed to be done in that department. Terri began to compile her report. -The exceptional expertise in research and development would be considered a(n) __________.

The most fundamental questions about strategy address why firms, facing the same environmental conditions, have varying levels of performance.

Design thinking means thinking outside existing alternatives and creating new alternatives.

A business model comprises of __________ and whether the company can make money doing that.

Michael Porter proposes that some __________ are inherently more profitable than others.

describe and discuss the five competitive forces, according to Michael Porter, that determine industry attractiveness and profitability. In discussing these forces, be sure to identify specific factors that determine the strength of each force.

According to Michael Porter's competitive strategies framework, which of the following strategies seeks to offer unique products to a broad customer market?

discuss the strategies by which an organization grows. Give relevant examples to support your answer.

At which step of the strategic management process do managers assess their financial capital, technical expertise, employee skills, and marketing capabilities?