Exam 7: Section 3: Strategy: How Do Businesses Generate a Successful Strategy

An example of an architectural innovation would be a:

A laptop computer changed the standard configuration of the personal computer by making it more portable while its components remained essentially the same. This is an example of:

The era of ferment is typically associated with:

The invention of the digital camera is considered to be a:

A new biomedical technology that replaces a current medical procedure and lowers the overall cost likely fits into the ___________ stage of the industry lifecycle model.

BlackBerry, a smartphone company, reduced its workforce by 40% to cut costs. This industry is in the ____________ stage of the lifecycle model.

Consumers becoming more demanding and more price conscious about certain products in an industry means the industry is likely in the ____________ stage.

An innovation that alters how the components interact and are linked with each other is a/an:

A health conscious trend towards "no smoking" has contributed to a decline in the tobacco industry and is likely due to a:

Bottled water likely fits into the ________ stage of the industry lifecycle model.

Walmart spending large amounts of money on advertising and lowering prices would indicate that this discount retailer is in the ____________ stage of the industry lifecycle model.

An electrical outlet with technical standards established by the government is often referred to as a/an:

To deal with declining sales in the tobacco industry, tobacco companies have tried to pursue customers who favour cigars. This is typically referred to as a:

The industry lifecycle model consists of the four following stages:

An endorsement of an industry by stakeholders such as the government means an industry has achieved:

Common usage of a product may indicate a dominant design has been established. This is sometimes called a:

The modern view of work and a job is replacing the traditional view of work as:

An upgrade from the iPhone5S to a more recent model with small improvements is an example of an:

Work today often exists in:

In the industry lifecycle model, when patents expire and rivalry becomes more fierce with larger players, the industry is likely in the ___________ stage.