Exam 7: Strategy and Strategic Management: Insight and Hard Work Deliver Results

Both Coca-Cola and PepsiCo have pursued __________ by purchasing some of their major bottlers.

A comprehensive action plan that identifies long-term direction for an organization is called a(n) __________.

A __________ strategy tries to operate without a strong national identity and seeks a balance between the efficiency of worldwide operations and responsiveness to local cultures.*

The web-based business model of __________ involves providing free listings from online merchants for directing potential customers to them.

A strategy that identifies how a division or business unit will compete in its product or service domain is called a __________ strategy.

Strategic management consists of strategy __________ and __________.

A __________ strategy views the world as one market and adopts standard products and advertising for use worldwide.

When a company expands by acquiring suppliers or distributors, it is called growth through ________.*

When a company reduces the size of its existing operations, it is called __________.

What is the difference between a globalization strategy and a transnational strategy?

Co-opetition is the strategy of working with rivals on projects of mutual benefit.

A __________ strategy customizes products and advertising to the culture of the local markets into which they are sold.

In the BCG matrix, stars are the business units that have high market shares in high-growth markets.

__________ involves selling off parts of the organization to refocus attention on core business areas.

When a company expands by entering new business areas, it is called growth through __________.

Specific results that companies try to achieve such as net sales and profits are common results called __________.

An example of a strategic question asked at the functional level is:

The electronic version of the basic retail strategy of selling directly to customers is __________.

Name Porter's Five Forces and describe their relation to the organization's internal and external environments.

__________ entails cutting the size of your organization and reducing the workforce.