MAN 320F QUESTION REVIEW SET
2026 FULL SOLUTIONS GRADED A+
◉ Red Ocean Strategy.
Answer: all industries in existence, the known mkt space
◉ industries never stand....
Answer: still
◉ strategic move.
Answer: the set of managerial actions and decisions involved in making
a major market-creating business offering
◉ with technology & globalization, it has led to what?.
Answer: accelerated commodization
where brands become more similar, ppl buy more on price
◉ The iPod was so successful because it was a.
Answer: fully-integrated product
◉ What does it mean...blue ocean?.
Answer: creating a new group of consumers
most are created from within red oceans
,◉ what is the key to success?.
Answer: market opportunity
◉ Value innovation.
Answer: low costs
high buyer value
◉ red vs blue ocean strategy.
Answer: Red:
compete in existing mkt space, beat competition, exploit existing
demand, focus on value-cost trade-off, make decision to differentiate
through strategic choice and low costs
Blue:
create new mkt space, competition= irrelevant, creating new demand,
focus on differentiation & low costs, reconstructionist view
◉ the winning strategic approach involves.
Answer: value innovation
◉ you break the value-cost trade off by.
Answer: enhancing a limited set of key factors and reducing or
eliminating all other traditional
ex: microsoft office vs open office
, ◉ strategic plan.
Answer: comprehensive plan that identifies the critical direction and
guides the allocation of resources
◉ strategic management.
Answer: 1) analyze and learn from stakeholders
2) establish strategic direction
3) create strategy
4) execute it
(all in effort to please stakeholders)
◉ broad environment includes....
Answer: 1. sociocultural trends
2. technological trends
3. political trends
4. economic trends
◉ the task environment includes....
Answer: the closest stakeholders
1. customers
2. suppliers.
3. competitors
2026 FULL SOLUTIONS GRADED A+
◉ Red Ocean Strategy.
Answer: all industries in existence, the known mkt space
◉ industries never stand....
Answer: still
◉ strategic move.
Answer: the set of managerial actions and decisions involved in making
a major market-creating business offering
◉ with technology & globalization, it has led to what?.
Answer: accelerated commodization
where brands become more similar, ppl buy more on price
◉ The iPod was so successful because it was a.
Answer: fully-integrated product
◉ What does it mean...blue ocean?.
Answer: creating a new group of consumers
most are created from within red oceans
,◉ what is the key to success?.
Answer: market opportunity
◉ Value innovation.
Answer: low costs
high buyer value
◉ red vs blue ocean strategy.
Answer: Red:
compete in existing mkt space, beat competition, exploit existing
demand, focus on value-cost trade-off, make decision to differentiate
through strategic choice and low costs
Blue:
create new mkt space, competition= irrelevant, creating new demand,
focus on differentiation & low costs, reconstructionist view
◉ the winning strategic approach involves.
Answer: value innovation
◉ you break the value-cost trade off by.
Answer: enhancing a limited set of key factors and reducing or
eliminating all other traditional
ex: microsoft office vs open office
, ◉ strategic plan.
Answer: comprehensive plan that identifies the critical direction and
guides the allocation of resources
◉ strategic management.
Answer: 1) analyze and learn from stakeholders
2) establish strategic direction
3) create strategy
4) execute it
(all in effort to please stakeholders)
◉ broad environment includes....
Answer: 1. sociocultural trends
2. technological trends
3. political trends
4. economic trends
◉ the task environment includes....
Answer: the closest stakeholders
1. customers
2. suppliers.
3. competitors
