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5 Written questions

5 Matching questions

  1. Retrenchment strategy
  2. The best type of portfolio strategy may be WHAT?
  3. Strategic group
  4. Proactiveness
  5. Strategy Making for Firms Big and Small
  1. a entrepreneurial firms anticipate future problems, needs, or changes and develop solutions to meet them, even if they are unrelated to their current business.
  2. b strategy that focuses on turning around very poor company performance by shrinking the size or scope of the business
  3. c The strategy-making process is the method by which companies create strategies that produce sustainable competitive advantage
  4. d a group of companies within an industry that top managers choose to compare, evaluate, and benchmark strategic threats and opportunities.
  5. e related diversification

5 Multiple choice questions

  1. a company with a large share of a slow-growing market
  2. Profits,Sales Growth, and Return on Investment
  3. a strategy that focuses on increasing profits, revenues, market share, or the number of places in which the company does business.
  4. a resource, without equivalent substitutes or replacements, that produces value or competitive advantage
  5. a resource that is not controlled or possessed by many competing firms.

5 True/False questions

  1. 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.

          

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

          

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

          

  4. Distinctive competencethe 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. Stability strategya strategy that focuses on improving the way in which the company sells the same products or services to the same customers