MBA 705 FINAL EXAM FULL REVISION NOTES
WITH CORPORATE STRATEGY AND CASE
ANALYSIS CONCEPTS
◉ Focus-Low-Cost/Differentiation Strategy.
Answer: Combines focus, low cost, and differentiation.
◉ Multiple Strategies.
Answer: A company uses more than one strategy at the same time
for different customer groups.
◉ Miles and Snow Strategy Framework.
Answer: Identifies four types of business strategies: Prospectors,
Defenders, Analyzers, Reactors.
◉ Prospectors.
Answer: Seek innovation and first-mover advantages.
◉ Defenders.
Answer: Seek stability and operate in predictable market segments.
◉ Analyzers.
,Answer: A middle ground between prospectors and defenders.
◉ Reactors.
Answer: Lack a consistent strategy and usually perform poorly.
◉ Small Businesses.
Answer: Often have speed, flexibility, lower initial investment, and
ability to respond quickly to customer needs.
◉ Large Businesses.
Answer: Often benefit from economies of scale, greater financial
resources, stronger brand recognition, and more bargaining power.
◉ Mid-Size Businesses.
Answer: May struggle because they may lack both flexibility and
scale advantages.
◉ Global Strategy Concerns.
Answer: Whether a business should use the same strategy
everywhere or adapt strategy by country.
◉ Functional Strategies.
, Answer: The lowest level of strategy that supports the overall
business strategy.
◉ Marketing Strategy.
Answer: Should align with the company's business strategy.
◉ Finance Strategy.
Answer: Depends on business strategy.
◉ Low-cost businesses.
Answer: Businesses that minimize financial costs and avoid
expensive capital when possible.
◉ Differentiated businesses.
Answer: Businesses that may spend more on quality improvements
and accept higher capital costs if they support differentiation.
◉ Financial Ratio Analysis.
Answer: A method used to evaluate company performance through
various ratios.
◉ Current Ratio.
WITH CORPORATE STRATEGY AND CASE
ANALYSIS CONCEPTS
◉ Focus-Low-Cost/Differentiation Strategy.
Answer: Combines focus, low cost, and differentiation.
◉ Multiple Strategies.
Answer: A company uses more than one strategy at the same time
for different customer groups.
◉ Miles and Snow Strategy Framework.
Answer: Identifies four types of business strategies: Prospectors,
Defenders, Analyzers, Reactors.
◉ Prospectors.
Answer: Seek innovation and first-mover advantages.
◉ Defenders.
Answer: Seek stability and operate in predictable market segments.
◉ Analyzers.
,Answer: A middle ground between prospectors and defenders.
◉ Reactors.
Answer: Lack a consistent strategy and usually perform poorly.
◉ Small Businesses.
Answer: Often have speed, flexibility, lower initial investment, and
ability to respond quickly to customer needs.
◉ Large Businesses.
Answer: Often benefit from economies of scale, greater financial
resources, stronger brand recognition, and more bargaining power.
◉ Mid-Size Businesses.
Answer: May struggle because they may lack both flexibility and
scale advantages.
◉ Global Strategy Concerns.
Answer: Whether a business should use the same strategy
everywhere or adapt strategy by country.
◉ Functional Strategies.
, Answer: The lowest level of strategy that supports the overall
business strategy.
◉ Marketing Strategy.
Answer: Should align with the company's business strategy.
◉ Finance Strategy.
Answer: Depends on business strategy.
◉ Low-cost businesses.
Answer: Businesses that minimize financial costs and avoid
expensive capital when possible.
◉ Differentiated businesses.
Answer: Businesses that may spend more on quality improvements
and accept higher capital costs if they support differentiation.
◉ Financial Ratio Analysis.
Answer: A method used to evaluate company performance through
various ratios.
◉ Current Ratio.
