Question 1

For a differentiation strategy to be effective, the product difference should NOT be based on:

Accepted Answer

A)  Product design 
B)  Method of distribution 
C)  Price 
D)  Broad market group of consumers 
A)  Product design 
B)  Method of distribution 
C)  Price 
D)  Broad market group of consumers C

Question 2

What is the best way to develop a strategy

Accepted Answer

The critical issues are first determining the balance of design and emergence and second how to guide the process of emergence. The strategic planning systems of most companies involve a combination of design and emergence.

Question 3

_____________ growth refers to any growth from takeovers, acquisitions, or mergers.

Accepted Answer

Acquisitive

Question 4

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market.

Accepted Answer

differenti

Question 5

How does Chuy's, a chain of Austin, Texas-based Tex-Mex restaurants, demonstrate the facet of staging and pacing of the strategy diamond in their strategy for growth

Accepted Answer

The managers of Chuy's wanted to grow th

Question 6

What is the general environment of a firm

Accepted Answer

The general environment is com

Question 7

Planning starts with vision and mission, and concludes with strategizing.

Accepted Answer

A) True 
 B)False

Question 8

Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.

Accepted Answer

A) True 
 B)False

Question 9

According to the strategy diamond, economic logic tells us how profits will be generated above the firm's cost of capital.

Accepted Answer

A) True 
 B)False

Question 10

A company's value derives not from things, but from ____________.

Accepted Answer

The answer of A company's value derives not from things,...

Question 11

Which of the following is considered an intangible resource?

Accepted Answer

A)  Scientific capabilities 
B)  Production equipment 
C)  Manufacturing plants 
D)  Formal reporting structures 
A)  Scientific capabilities 
B)  Production equipment 
C)  Manufacturing plants 
D)  Formal reporting structures

Question 12

Not all organizations need strategies to survive and thrive.

Accepted Answer

A) True 
 B)False

Question 13

______________ is essentially about understanding choices organizations make in order to achieve specific goals and objectives to fulfill a firm's mission and vision.

Accepted Answer

Strategic

Question 14

Industries with many companies that have successfully differentiated their product have more rivalry.

Accepted Answer

A) True 
 B)False

Question 15

A(n) ______________ is a group of firms producing products that are close substitutes.

Accepted Answer

The answer of A(n) ______________ is a group of firms...

Question 16

_____________ include assets that are deeply rooted in the firm's history and have accumulated over time.

Accepted Answer

Intangible

Question 17

_______________ refers to the strategy where a firm's competitive advantage is based on the bet that it can develop, manufacture, and distribute products more efficiently than competitors.

Accepted Answer

The answer of _______________ refers to the strategy where a...

Question 18

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

Accepted Answer

The answer of According to the strategy diamond, if arenas...

Question 19

Strategy formulation answers the question:

Accepted Answer

A)  How do we execute a chosen strategy? 
B)  What should be our strategy? 
C)  Where does strategy fit in? 
D)  How is strategy applied to me? 
A)  How do we execute a chosen strategy? 
B)  What should be our strategy? 
C)  Where does strategy fit in? 
D)  How is strategy applied to me?

Question 20

How has Southwest Airlines combined cost-cutting measures with differentiation

Accepted Answer

The company has been able to reduce cost

For a differentiation strategy to be effective, the product difference should NOT be based on:

What is the best way to develop a strategy

_____________ growth refers to any growth from takeovers, acquisitions, or mergers.

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market.

How does Chuy's, a chain of Austin, Texas-based Tex-Mex restaurants, demonstrate the facet of staging and pacing of the strategy diamond in their strategy for growth

What is the general environment of a firm

Planning starts with vision and mission, and concludes with strategizing.

Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.

According to the strategy diamond, economic logic tells us how profits will be generated above the firm's cost of capital.

A company's value derives not from things, but from ____________.

Which of the following is considered an intangible resource?

Not all organizations need strategies to survive and thrive.

______________ is essentially about understanding choices organizations make in order to achieve specific goals and objectives to fulfill a firm's mission and vision.

Industries with many companies that have successfully differentiated their product have more rivalry.

A(n) ______________ is a group of firms producing products that are close substitutes.

_____________ include assets that are deeply rooted in the firm's history and have accumulated over time.

_______________ refers to the strategy where a firm's competitive advantage is based on the bet that it can develop, manufacture, and distribute products more efficiently than competitors.

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

Strategy formulation answers the question:

How has Southwest Airlines combined cost-cutting measures with differentiation

Introduction to Principles of Management

History, Trends, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Developing Mission, Vision, and Values

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

The Essentials of Control

Strategic Human Resource Management

Filters

Exam 5: Strategic Management

For a differentiation strategy to be effective, the product difference should NOT be based on:

What is the best way to develop a strategy

_____________ growth refers to any growth from takeovers, acquisitions, or mergers.

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market.

How does Chuy's, a chain of Austin, Texas-based Tex-Mex restaurants, demonstrate the facet of staging and pacing of the strategy diamond in their strategy for growth

What is the general environment of a firm

Planning starts with vision and mission, and concludes with strategizing.

Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.

According to the strategy diamond, economic logic tells us how profits will be generated above the firm's cost of capital.

A company's value derives not from things, but from ____________.

Which of the following is considered an intangible resource?

Not all organizations need strategies to survive and thrive.

______________ is essentially about understanding choices organizations make in order to achieve specific goals and objectives to fulfill a firm's mission and vision.

Industries with many companies that have successfully differentiated their product have more rivalry.

A(n) ______________ is a group of firms producing products that are close substitutes.

_____________ include assets that are deeply rooted in the firm's history and have accumulated over time.

_______________ refers to the strategy where a firm's competitive advantage is based on the bet that it can develop, manufacture, and distribute products more efficiently than competitors.

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

Strategy formulation answers the question:

How has Southwest Airlines combined cost-cutting measures with differentiation

Introduction to Principles of Management

History, Trends, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Developing Mission, Vision, and Values

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

The Essentials of Control

Strategic Human Resource Management

Filters