Csuf MGMT 449 Hsu Tsu Hsiang || with Error-free Answers.
Strategy: Focus correct answers When an organization is clear about its mission and vision and
has a coherent, well-articulated strategy for achieving those.
For example: Dell in the 2000's branched out to other products such as cameras and tvs so this
shows dell has lost its focus of its core product
Strategy: Trade Off correct answers Most humans tend to put their eggs into multiple baskets
because they are afraid of tough choices, a better approach would be to generate multiple options
and weighing the pros and cons of each potential option
For Example: David ditched the armour, Nelson ditched the cannons, Jobs cut the extra things
not needed
Strategic Fit correct answers A state in which an organization's strategy is consistent with its
external opportunities and circumstances and its internal structure, resources, and capabilities.
External Example: The right opportunities to follow through on, Apple's Integration of music and
technology
Internal: Apple cutting everything but its software division to develop its first IOS
What is not true strategy correct answers Missions, Ideals, or vision is not strategy
For example: We will maintain a 20% profit margin amongst are competitors
This is a perfect example of bad strategy because there is not quantifiable or actionable objective,
how are you going to maintain a 20% profit margin, who are your competitors, how are you
developing, etc.
,Mission Statement
Vision Statement
Strategy
Goals and Objectives correct answers Mission: Who and what are we
Vision: What we want to achieve
Strategy: How we will achieve that
Goals and Objectives: How we will quantify our success
Weakness of SWOT correct answers Swot Analysis was developed in 1970 and its only use
nowadays is a summary of the strategy meeting taken place
It promotes doing the same activity as competitors better, but the goal is strategy is to do what
others aren't or do the same things differently to produce a true competitive advantage
For example: Pancake swap and ApeSwap, ApeSwap is a direct copy with similar SWOT but
utilizing swot they wont be able to do anything different thus making it forever a copy of
pancake
Value Proposition correct answers Value Proposition is the consumer's point of view on a
product. It is defined by a product that consumers want with a price that is deemed reasonable.
The greater the utility it brings + affordable price = greater value proposition
Profit Formula correct answers Tied in with the Value Proposition
These two go hand in hand because the profit formula is the cost + acceptable purchase price
seen from the consumer
Sweet Spot correct answers Perfect point in which the product or service meets Customer needs,
fits with the company capabilities, and lacks competitors
, How to measure performance correct answers Comparing this year's ROS with your own 5 years
ago or comparing your ROS with a competitor
ROS correct answers Net income after taxes/ Total Sale Revenue = Operational Efficiency
ROA correct answers Net Income after taxes/ Total Assets = Efficiency of utilizing assets to
generate earnings
ROE correct answers Net Income after Taxes / Total Stockholder's Equity = Return on Total
Equity Investment in a firm
Competitive Advantage correct answers An advantage over competitors gained by offering
greater customer value, either by having lower prices or providing more benefits that justify
higher prices
For Example:
Greater Perceived Benefits - Apple
Lower costs - Wal Mart
Stock Market Performance correct answers Unlike the Accounting/Financial way of viewing
competitive advantage which takes into current and pass data, the Stock Market is the future
performance prediction
Accounting/Financial - Retrospective
Stock Market - Future oriented
Hierarchy of Goals correct answers Vision --> Strategy --> Goals and Objectives
Strategy: Focus correct answers When an organization is clear about its mission and vision and
has a coherent, well-articulated strategy for achieving those.
For example: Dell in the 2000's branched out to other products such as cameras and tvs so this
shows dell has lost its focus of its core product
Strategy: Trade Off correct answers Most humans tend to put their eggs into multiple baskets
because they are afraid of tough choices, a better approach would be to generate multiple options
and weighing the pros and cons of each potential option
For Example: David ditched the armour, Nelson ditched the cannons, Jobs cut the extra things
not needed
Strategic Fit correct answers A state in which an organization's strategy is consistent with its
external opportunities and circumstances and its internal structure, resources, and capabilities.
External Example: The right opportunities to follow through on, Apple's Integration of music and
technology
Internal: Apple cutting everything but its software division to develop its first IOS
What is not true strategy correct answers Missions, Ideals, or vision is not strategy
For example: We will maintain a 20% profit margin amongst are competitors
This is a perfect example of bad strategy because there is not quantifiable or actionable objective,
how are you going to maintain a 20% profit margin, who are your competitors, how are you
developing, etc.
,Mission Statement
Vision Statement
Strategy
Goals and Objectives correct answers Mission: Who and what are we
Vision: What we want to achieve
Strategy: How we will achieve that
Goals and Objectives: How we will quantify our success
Weakness of SWOT correct answers Swot Analysis was developed in 1970 and its only use
nowadays is a summary of the strategy meeting taken place
It promotes doing the same activity as competitors better, but the goal is strategy is to do what
others aren't or do the same things differently to produce a true competitive advantage
For example: Pancake swap and ApeSwap, ApeSwap is a direct copy with similar SWOT but
utilizing swot they wont be able to do anything different thus making it forever a copy of
pancake
Value Proposition correct answers Value Proposition is the consumer's point of view on a
product. It is defined by a product that consumers want with a price that is deemed reasonable.
The greater the utility it brings + affordable price = greater value proposition
Profit Formula correct answers Tied in with the Value Proposition
These two go hand in hand because the profit formula is the cost + acceptable purchase price
seen from the consumer
Sweet Spot correct answers Perfect point in which the product or service meets Customer needs,
fits with the company capabilities, and lacks competitors
, How to measure performance correct answers Comparing this year's ROS with your own 5 years
ago or comparing your ROS with a competitor
ROS correct answers Net income after taxes/ Total Sale Revenue = Operational Efficiency
ROA correct answers Net Income after taxes/ Total Assets = Efficiency of utilizing assets to
generate earnings
ROE correct answers Net Income after Taxes / Total Stockholder's Equity = Return on Total
Equity Investment in a firm
Competitive Advantage correct answers An advantage over competitors gained by offering
greater customer value, either by having lower prices or providing more benefits that justify
higher prices
For Example:
Greater Perceived Benefits - Apple
Lower costs - Wal Mart
Stock Market Performance correct answers Unlike the Accounting/Financial way of viewing
competitive advantage which takes into current and pass data, the Stock Market is the future
performance prediction
Accounting/Financial - Retrospective
Stock Market - Future oriented
Hierarchy of Goals correct answers Vision --> Strategy --> Goals and Objectives
