AYB321 StrAtegic MAnAgeMent Accounting
Quiz with AnSwerS 100% correct
what are the components of a strategy? ✔✔ - Intended Strategy
- non-realised strategy
- deliberate strategy
- emergent strategy
- realised strategy
what are the tests of a winning strategy? ✔✔ - COMPETITIVE ADVANTAGE: strategy =
sustainable competitive advantage?
- FIT: strategy fits company's situation
- PERFORMANCE: strategy profitable?
what are the stages of strategy CREATION ✔✔ - stage 1: develop strategic vision, mission and
core values
- stage 2: set objectives
- stage 3: craft strategy
what are the stages of strategy EXECUTION ✔✔ - stage 4: execution
- stage 5: monitor, evaluate & correct
what are threats of new entrants? ✔✔ - barriers to entry
- economies of scale
- brand loyalty
- capital requirements
, - cumulative experience
- government policies
- access to distribution channels
- switching costs
what is bargaining power of buyers? ✔✔ - number of customers
- size of each customer order
- differences between competitors
- price sensitivity
- buyer's ability to substitute
- buyer's information availability
- switching costs
what is threat of substitute products? ✔✔ - number of substitute products available
- buyer propensity to substitute
- relative price performance of sub
- perceived level of product differentiation
- switching costs
what is the bargaining power of suppliers? ✔✔ - number and size of suppliers
- uniqueness of each supplier's product
- focal company's ability to sub
what is rivalry among existing competitors ✔✔ - number of competitors
- diversity of competitors
- industry concentration
Quiz with AnSwerS 100% correct
what are the components of a strategy? ✔✔ - Intended Strategy
- non-realised strategy
- deliberate strategy
- emergent strategy
- realised strategy
what are the tests of a winning strategy? ✔✔ - COMPETITIVE ADVANTAGE: strategy =
sustainable competitive advantage?
- FIT: strategy fits company's situation
- PERFORMANCE: strategy profitable?
what are the stages of strategy CREATION ✔✔ - stage 1: develop strategic vision, mission and
core values
- stage 2: set objectives
- stage 3: craft strategy
what are the stages of strategy EXECUTION ✔✔ - stage 4: execution
- stage 5: monitor, evaluate & correct
what are threats of new entrants? ✔✔ - barriers to entry
- economies of scale
- brand loyalty
- capital requirements
, - cumulative experience
- government policies
- access to distribution channels
- switching costs
what is bargaining power of buyers? ✔✔ - number of customers
- size of each customer order
- differences between competitors
- price sensitivity
- buyer's ability to substitute
- buyer's information availability
- switching costs
what is threat of substitute products? ✔✔ - number of substitute products available
- buyer propensity to substitute
- relative price performance of sub
- perceived level of product differentiation
- switching costs
what is the bargaining power of suppliers? ✔✔ - number and size of suppliers
- uniqueness of each supplier's product
- focal company's ability to sub
what is rivalry among existing competitors ✔✔ - number of competitors
- diversity of competitors
- industry concentration
