Business Strategy Game Study Set with Questions and Answers

Which one of the following is an example of an offensive strategy Pursuing disruptive product innovation to create new markets Which one of the following is not a strategic decision that needs to be made in choosing how best to compliment a company's choice of one of the five generic competitive strategy options and thereby maximize the power of its overall strength Whether to the improve the quality of the company's product Which of the following is a good type of rival for an offensive minded company to target Vulnerable market leaders, struggling enterprises that are on the verge of going under, and/or small local and regional firms limited resources/capabilities Experience indicates that strategic alliances stand a reasonable chance of helping a company reduce competitive disadvantage, but very rarely form the basis of a durable competitive advantage over rivals. The difference between a merger and an acquisition is that a merger is the combining of two or more companies into a newly created company that usually takes on a different name, where an acquisition is a combination in which one company purchases and absorbs the operations of another company Which of the following is not a defensive option for protecting a company's market share and competitive position Pursuing continuous product innovation to draw sales and market share away from rivals with comparatively weak product innovation capabilities Which of the following is not a potential advantage backward vertical integration Reduced business risk because of controlling a bigger portion of the overall industry value chain Which of the following is not one of the potential advantages of being an adept follower instead of a first mover When a pioneer is using a broad differentiation strategy and is striving to achieve strong differentiation keyed to three or more value drivers