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5 Written questions

5 Matching questions

  1. Strategy making can improve the following for both big and small firm:
  2. Valuable resource
  3. Imperfectly imitable resource
  4. Strategic dissonance
  5. Resource similarity
  1. a the extent to which competitors have similar amounts and kinds of resources.
  2. b a resource that is impossible or extremely costly or difficult for other firms to duplicate.
  3. c a discrepancy between upper management's intended strategy and the strategy actually implemented by lower levels of management
  4. d Profits,Sales Growth, and Return on Investment
  5. e a resource that allows companies to improve efficiency and effectiveness.

5 Multiple choice questions

  1. providing greater value for customers than competitors can.
  2. Star, Question mark,Cash cow, and Dog
  3. creating or acquiring companies in completely unrelated businesses.
  4. the overall organizational strategy that addresses the question "What business or businesses are we in or should we be in?"
  5. creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures

5 True/False questions

  1. Intrapreneurshipthe process of entering new or established markets with new goods or services. (know characteristics for this)


  2. There are three types of grand strategies.
    Name them.
    growth, stability, and retrenchment


  3. Shadow-strategy task force: a committee within a company that analyzes the company's own weaknesses to determine how competitors could exploit them for competitive advantage.


  4. Retrenchment strategystrategy that focuses on turning around very poor company performance by shrinking the size or scope of the business


  5. Competitive inertiaa reluctance to change strategies or competitive practices that have been successful in the past


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