Exam 6: Crafting Business Strategy of Dynamic Contexts

How did the American Medical Association use shaping strategy in its response to chiropractic medicine?

Anticipating change means foreseeing all of the following except ________.

With ________ options, serving markets on two continents by building two plants instead of one gives a firm the option of switching production from one plant to the other as conditions dictate.

A common neutralization tactic is the threat or use of legal action.

A revolutionary firm is one that ________.

All of the following are possible types of technological disruptions except ________.

Phase 3 of competitive interaction is characterized by customer reactions.

What is the containment strategy?

A successful low-cost strategy requires different resources and capabilities than a differentiation strategy.

When complementary assets are tightly held and the first mover has weak protection from imitation, the value-creating opportunities favor the holders of the complementary assets.

Slotting fees are the fees that suppliers pay for access to retailers' shelf space.

A turbulent environment is characterized by bold dynamic moves on the part of competitors.

What are the conditions under which a first-mover advantage is valuable?

What are the four ways that competitive action may be initiated in phase 1?

Revolutionary strategies can be created by searching for industries that have opportunities to benefit from increases in ________.

A position in which the exploitation of a resource makes that resource stronger and more resilient is called resource management.

What are the alternatives to dealing with the pressures of commoditization?

A new-market disruption that significantly changes the industry value curve by disrupting the expectations of customers by vastly improving product performance is referred to as ________.

The annulment strategy may entail considerable risk.

In the financial services industry, rescaling has been accomplished mostly through ________.