Solved

Matching

Question 63

Matching

Matching

Premises:
Identification of potential new products or services that may lead to promising businesses
Startup ideas centered around providing customers with new or improved products or services
A facility for making desirable discoveries by accident
Readiness to act on existing but unnoticed business opportunities
A preliminary assessment of a business idea that gauges whether the venture envisioned is likely to succeed
A benefit that exists when a firm has a product or service that is seen by its target market as better than those of competitors
The idea that an attractive market opportunity will draw competitors, diminishing its attractiveness
A plan of action that requires a firm to hold down its costs so that it can compete by charging lower prices and still make a profit
A circumstance or development that alone could render a new business unsuccessful
A plan of action that coordinates the resources and commitments of an organization to achieve superior performance
A plan of action that isolates an enterprise from competitors and other market forces by targeting a restricted market segment
Those organizational resources that are invisible and difficult to assess
Those capabilities that provide a firm with a competitive edge and reflect its personality
Those organizational resources that are visible and easy to measure
A plan of action designed to provide a product or service with unique attributes that are valued by consumers
The environment that focuses on the strength, position, and likely moves and countermoves of competitors in an industry
The basic inputs that a firm uses to conduct its business
To refocus or recreate a startup if the initial concept turns out to be flawed
An assessment that provides a concise overview of a firm's strategic situation
The broad environment, encompassing factors that influence most businesses in a society
The environment that includes factors that directly impact a given firm and all of its competitors
An assessment that catalogs the startup's sources of potential strengths
Startup ideas involving new or relatively new technology, centered around providing customers with a new product
A company's routines and processes that can coordinate the combined use of its productive assets in order to achieve desired outcomes
The study of the general and industry environments of a business context to identify potential startup opportunities
Responses:
competitive advantage
feasibility analysis
outside-in analysis
resources
core competencies
industry environment
intangible resources
paradox of attraction
strategy
entrepreneurial alertness
competitive environment
tangible resources
SWOT analysis
inside-out analysis
focus strategy
general environment
differentiation strategy
capabilities
serendipity
pivot
new technology ideas
fatal flaw
opportunity recognition
new benefit ideas
cost-based strategy
startups
new market ideas

Correct Answer:

competitive advantage
feasibility analysis
outside-in analysis
resources
core competencies
industry environment
intangible resources
paradox of attraction
strategy
entrepreneurial alertness
competitive environment
tangible resources
SWOT analysis
inside-out analysis
focus strategy
general environment
differentiation strategy
capabilities
serendipity
pivot
new technology ideas
fatal flaw
opportunity recognition
new benefit ideas
cost-based strategy
startups
new market ideas
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