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5 Written questions

5 Matching questions

  1. Growth strategy
  2. Direct competition
  3. Cash cow
  4. Dog
  5. Competitive inertia
  1. a a strategy that focuses on increasing profits, revenues, market share, or the number of places in which the company does business.
  2. b a company with a large share of a slow-growing market
  3. c a company with a small share of a slow-growing market.
  4. d a reluctance to change strategies or competitive practices that have been successful in the past
  5. e the rivalry between two companies that offer similar products and services, acknowledge each other as rivals, and act and react to each other's strategic actions

5 Multiple choice questions

  1. entrepreneurial firms must be more willing to use unconventional strategies than the firms already existing in a new market space in order to gain an advantage.
  2. a strategy for reducing risk by buying a variety of items (stocks or, in the case of a corporation, types of businesses), so that the failure of one stock or one business does not doom the entire portfolio.
  3. assess the need for strategic change, conduct a situational analysis, and choose strategic alternatives.
  4. Situation Analysis
  5. reflect the personality of how the company truly is. This will assist in obtaining the final goals and objectives. You need to know where you're going/destination.

5 True/False questions

  1. Related diversificationcreating or acquiring companies in completely unrelated businesses.

          

  2. Proactivenessentrepreneurial firms anticipate future problems, needs, or changes and develop solutions to meet them, even if they are unrelated to their current business.

          

  3. Strategic groupa group of companies within an industry that top managers choose to compare, evaluate, and benchmark strategic threats and opportunities.

          

  4. Strategy Making for Firms Big and SmallThe strategy-making process is the method by which companies create strategies that produce sustainable competitive advantage

          

  5. Risk Takingentrepreneurial firms are willing to take risks that could result in costly failures.

          

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