EXPLORING STRATEGY STRATEGY QUESTIONS WITH
VERIFIED ANSWERS
acceptability - CORRECT ANSWER✅✅✅expected performance outcomes of a proposed
strategy to meet the expectations of the stakeholders
acquisition - CORRECT ANSWER✅✅✅is achieved by purchasing a majority of shares in a
target company
Ansoff's growth matrix - CORRECT ANSWER✅✅✅is a classic corporate strategy
framework for generating four basic directions for organisational growth
BCG matrix - CORRECT ANSWER✅✅✅uses market share and market growth criteria to
determine the attractiveness and balance of a business portfolio
Blue Oceans - CORRECT ANSWER✅✅✅new market spaces where competition is
minimised
business case - CORRECT ANSWER✅✅✅provides the data and argument in support of a
particular strategy proposal, for example investment in new equipment
business-level strategy - CORRECT ANSWER✅✅✅how an individual business competes
in its particular market(s)
business model - CORRECT ANSWER✅✅✅describes a value proposition for customers
and other participants, an arrangement of activities that produces this value, and associated
revenue and cost structures
CAGE framework - CORRECT ANSWER✅✅✅emphasises the importance of cultural,
administrative, geographical and economic distance
,capabilities - CORRECT ANSWER✅✅✅the ways in which an organisation may deploy its
assets effectively
co-evolution - CORRECT ANSWER✅✅✅underlines the way in which partners, strategies
and capabilities need to evolve in harmony in order to reflect constantly changing environments
collaborative advantage - CORRECT ANSWER✅✅✅is about managing alliances better
than competitors
collective strategy - CORRECT ANSWER✅✅✅how the whole network of alliances, of
which an organisation is a member, competes against rival networks of alliances
competitive advantage - CORRECT ANSWER✅✅✅how a company, business unit or
organisation creates value for its users both greater than the costs of supplying them and superior
to that of rivals
competitive strategy - CORRECT ANSWER✅✅✅how a company, business unit or
organisation achieves competitive advantage in its domain of activity
complementor(s) - CORRECT ANSWER✅✅✅an organisation is your complementor if it
enhances your business attractiveness to customers or suppliers
onfigurations - CORRECT ANSWER✅✅✅the set of organisational design elements that fit
together in order to support the intended strategy
corporate entrepreneurship - CORRECT ANSWER✅✅✅refers to radical change in an
organisation's business, driven principally by the organisation's own capabilities
corporate governance - CORRECT ANSWER✅✅✅is concerned with the structures and
systems of control by which managers are held accountable to those who have a legitimate stake
in an organisation
, corporate-level strategy - CORRECT ANSWER✅✅✅is concerned with the overall scope of
an organisation and how value is added to the constituent businesses of the organisation as a
whole
corporate social responsibility - CORRECT ANSWER✅✅✅the commitment by
organisations to behave ethically and contribute to economic development while improving the
quality of life of the workforce and their families as well as the local community and society at
large
cost-leadership strategy - CORRECT ANSWER✅✅✅involves becoming the lowest-cost
organisation in a domain of activity
critical success factors - CORRECT ANSWER✅✅✅those factors that are either particularly
valued by customers or which provide a significant advantage in terms of costs. (Sometimes
called key success factors (KSF))
cultural systems - CORRECT ANSWER✅✅✅aim to standardise norms of behaviour within
an organisation in line with particular objectives
cultural web - CORRECT ANSWER✅✅✅shows the behavioural, physical and symbolic
manifestations of a culture
deliberate strategy - CORRECT ANSWER✅✅✅involves intentional formulation or
planning
differentiation strategy - CORRECT ANSWER✅✅✅involves uniqueness along some
dimension that is sufficiently valued by customers to allow a price premium
diffusion - CORRECT ANSWER✅✅✅is the process by which innovations spread amongst
users
VERIFIED ANSWERS
acceptability - CORRECT ANSWER✅✅✅expected performance outcomes of a proposed
strategy to meet the expectations of the stakeholders
acquisition - CORRECT ANSWER✅✅✅is achieved by purchasing a majority of shares in a
target company
Ansoff's growth matrix - CORRECT ANSWER✅✅✅is a classic corporate strategy
framework for generating four basic directions for organisational growth
BCG matrix - CORRECT ANSWER✅✅✅uses market share and market growth criteria to
determine the attractiveness and balance of a business portfolio
Blue Oceans - CORRECT ANSWER✅✅✅new market spaces where competition is
minimised
business case - CORRECT ANSWER✅✅✅provides the data and argument in support of a
particular strategy proposal, for example investment in new equipment
business-level strategy - CORRECT ANSWER✅✅✅how an individual business competes
in its particular market(s)
business model - CORRECT ANSWER✅✅✅describes a value proposition for customers
and other participants, an arrangement of activities that produces this value, and associated
revenue and cost structures
CAGE framework - CORRECT ANSWER✅✅✅emphasises the importance of cultural,
administrative, geographical and economic distance
,capabilities - CORRECT ANSWER✅✅✅the ways in which an organisation may deploy its
assets effectively
co-evolution - CORRECT ANSWER✅✅✅underlines the way in which partners, strategies
and capabilities need to evolve in harmony in order to reflect constantly changing environments
collaborative advantage - CORRECT ANSWER✅✅✅is about managing alliances better
than competitors
collective strategy - CORRECT ANSWER✅✅✅how the whole network of alliances, of
which an organisation is a member, competes against rival networks of alliances
competitive advantage - CORRECT ANSWER✅✅✅how a company, business unit or
organisation creates value for its users both greater than the costs of supplying them and superior
to that of rivals
competitive strategy - CORRECT ANSWER✅✅✅how a company, business unit or
organisation achieves competitive advantage in its domain of activity
complementor(s) - CORRECT ANSWER✅✅✅an organisation is your complementor if it
enhances your business attractiveness to customers or suppliers
onfigurations - CORRECT ANSWER✅✅✅the set of organisational design elements that fit
together in order to support the intended strategy
corporate entrepreneurship - CORRECT ANSWER✅✅✅refers to radical change in an
organisation's business, driven principally by the organisation's own capabilities
corporate governance - CORRECT ANSWER✅✅✅is concerned with the structures and
systems of control by which managers are held accountable to those who have a legitimate stake
in an organisation
, corporate-level strategy - CORRECT ANSWER✅✅✅is concerned with the overall scope of
an organisation and how value is added to the constituent businesses of the organisation as a
whole
corporate social responsibility - CORRECT ANSWER✅✅✅the commitment by
organisations to behave ethically and contribute to economic development while improving the
quality of life of the workforce and their families as well as the local community and society at
large
cost-leadership strategy - CORRECT ANSWER✅✅✅involves becoming the lowest-cost
organisation in a domain of activity
critical success factors - CORRECT ANSWER✅✅✅those factors that are either particularly
valued by customers or which provide a significant advantage in terms of costs. (Sometimes
called key success factors (KSF))
cultural systems - CORRECT ANSWER✅✅✅aim to standardise norms of behaviour within
an organisation in line with particular objectives
cultural web - CORRECT ANSWER✅✅✅shows the behavioural, physical and symbolic
manifestations of a culture
deliberate strategy - CORRECT ANSWER✅✅✅involves intentional formulation or
planning
differentiation strategy - CORRECT ANSWER✅✅✅involves uniqueness along some
dimension that is sufficiently valued by customers to allow a price premium
diffusion - CORRECT ANSWER✅✅✅is the process by which innovations spread amongst
users
