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5 Written questions

5 Matching questions

  1. Situational Analysis (SWOT)
  2. Competitive inertia
  3. Corporate-level strategy
  4. WHAT are the three steps to create strategies that produce sustainable competitive advantage?
  5. Star
  1. a assess the need for strategic change, conduct a situational analysis, and choose strategic alternatives.
  2. b a reluctance to change strategies or competitive practices that have been successful in the past
  3. c a company with a large share of a fast-growing market
  4. d : an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.
  5. e the overall organizational strategy that addresses the question "What business or businesses are we in or should we be in?"

5 Multiple choice questions

  1. : the firms in a strategic group whose strategies are changing from one strategic position to another
  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. creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures
  4. the central companies in a strategic group.
  5. involves identifying outstanding practices, processes, and standards at other companies and adapting them to your own company

5 True/False questions

  1. Strategic groupa discrepancy between upper management's intended strategy and the strategy actually implemented by lower levels of management


  2. Nonsubstitutable resourcea resource, without equivalent substitutes or replacements, that produces value or competitive advantage


  3. Secondary firmsthe firms in a strategic group that follow related, but somewhat different strategies than do the core firms


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


  5. Retrenchment strategya strategy that focuses on increasing profits, revenues, market share, or the number of places in which the company does business.