A) actions to develop a more appealing business model than rivals.
B) plans involving alignment of organizational activities and strategic objectives.
C) offensive and defensive moves to generate revenues and increase profit margins.
D) competitive moves and approaches that managers have developed to grow the business,attract and please customers,conduct operations,and achieve targeted objectives.
E) its strategic vision,its strategic objectives,and its strategic intent.
Correct Answer
verified
Correct Answer
verified
A) specifies the goals of above-average profitability and outstanding financial performance.
B) is unrelated to its customer value proposition and profit formula.
C) has nothing to do with whether it can execute its customer value proposition profitably.
D) is management's blueprint for delivering a valuable product or service to customers in a manner that will yield an attractive profit.
E) specifies exactly how it intends to outcompete its rivals to achieve its strategic vision.
Correct Answer
verified
Correct Answer
verified
A) A government agency that makes plans for a set period of time and implements them phase-by-phase during their tenure
B) A mobile company,established in a saturated market,that aims at a quarterly release of new products
C) A new cosmetics manufacturer in a market that replicates the products of a competitor at a moderate quality and lower price
D) A nationalized bank that lends at a lower interest rate but with a zero processing fee in a market crowded with privatized banks running at high cost
E) A firearms regulatory agency,set up by the government,that publishes industry standards for safety,reliability,and quality of arms and ammunition
Correct Answer
verified
Correct Answer
verified
A) is a reliable indicator that the company has a profitable business model.
B) is a company's most reliable ticket to above-average profitability.
C) signals that the company has a bold,ambitious strategic intent that places the achievement of strategic objectives ahead of the achievement of financial objectives.
D) is the best indicator that the company's strategy and business model are well matched and properly synchronized.
E) allows a company's managers to ignore competitors' responses to any moves that the company might make.
Correct Answer
verified
Correct Answer
verified
A) A company's realized strategy is mostly hidden to outside view and is deliberately kept under wraps by top-level managers.
B) A company's realized strategy is typically planned well in advance and usually deviates little from the planned set of actions.
C) A company's realized strategy generally changes very little over time unless a newly appointed CEO decides to take the company in a new direction with a new strategy.
D) A company's realized strategy is typically a blend of deliberate and/or planned initiatives and emergent and/or unplanned reactive strategy elements.
E) A company's realized strategy is developed mostly on the fly because of the constant efforts of managers to keep rival companies at a disadvantage.
Correct Answer
verified
Correct Answer
verified
A) builds strategic fit,is socially responsible,and maximizes shareholder wealth.
B) is highly profitable and boosts the company's market share.
C) results in a company becoming the dominant industry leader.
D) fits the company's internal and external situation,builds a sustainable competitive advantage,and improves the company's performance.
E) can pass the ethical standards test,the strategic intent test,and the profitability test.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Clever rivals can nearly always copy the...View Answer
Correct Answer
verified
View Answer
Correct Answer
verified
The five elements of an enterprise's bus...View Answer
Correct Answer
verified
View Answer
A) Hiring and training new talent to begin operations in the emerging market
B) Acquiring a local computer chip marketing and distribution specialist firm in the new location
C) Canceling the idea of outsourcing and retaining the existing workforce to run operations
D) Shifting the existing workforce to the new geographical location and paying them according to new standards
E) Canceling the job cuts till the market situation and entry operations stabilize
Correct Answer
verified
Correct Answer
verified
A) are the actions and moves in the marketplace that managers take to gain a sustainable competitive advantage.
B) is figuring out how to maximize profits and shareholder value.
C) concerns how to improve the efficiency of its business model.
D) deals with how management plans to maximize profits while,at the same time,operating in a socially responsible manner.
E) is figuring out how to become the industry's low-cost provider.
Correct Answer
verified
Correct Answer
verified
A) Aiming for a cost-based competitive advantage
B) Outcompeting rivals on the basis of such differentiating features as higher quality,wider product selection,added performance,better service,or more attractive styling
C) Simply trying to mimic the successful strategies of rivals
D) Focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of satisfying the needs and tastes of buyers comprising the niche
E) Developing expertise and resources that give the company competitive capabilities that rivals cannot easily imitate or trump with capabilities of their own
Correct Answer
verified
Correct Answer
verified
A) market conditions and circumstances are changing over time or the current strategy is clearly failing.
B) the task of crafting strategy is a one-time event.
C) the strategic vision necessitates periodic updating.
D) frequent changes in strategy make it very more difficult for rivals to imitate.
E) all strategies are reactive.
Correct Answer
verified
Correct Answer
verified
A) Actions to respond to changing economic and market conditions
B) Actions to supplement the company's resources and capabilities through alliances and joint ventures
C) Reactions to offensive moves by rival sellers
D) Actions and approaches used in managing the functional areas of the business
E) Actions and approaches to mimic rivals' moves in the marketplace
Correct Answer
verified
Correct Answer
verified
A) its distinctive product offering is trumped by rivals' products.
B) it pursues a best-cost provider strategy.
C) competitors erode or imitate its efforts to attain a competitive advantage.
D) an attractively large number of buyers develop a durable preference for its rivals' offerings of products or services.
E) it develops capabilities proven difficult for competitors to imitate or best.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
A company's strategy tends to ...View Answer
Correct Answer
verified
View Answer
A) It fails the performance test.
B) It fails the competitive advantage and the fit tests.
C) It is a winning strategy.
D) It fails in all three tests.
E) It fails the fit test,but passes the competitive advantage and performance tests.
Correct Answer
verified
Correct Answer
verified
A) strategy.
B) moves to imitate key rivals.
C) strategic mission.
D) business model.
E) strategic vision.
Correct Answer
verified
Correct Answer
verified
A) Developing a low-cost-based advantage
B) Creating a broad differentiation-based advantage
C) Focusing on a narrow market niche within an industry
D) Developing a best-cost provider strategy
E) Crafting a broad-cost provider strategy
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
A company's business model incorporates ...View Answer
Correct Answer
verified
View Answer
Showing 41 - 59 of 59
Related Exams