Strategic Management Final Exam
_______ allows companies to supply supplies at decrease prices, to examine new abilities, and
to similarly differentiate their services and products overseas.
Globalization
Business-degree strategy
Domestic outsourcing
An equity-primarily based alliance - ANS-Globalization
________ are industry-unique factors that separate one strategic institution from every other.
Complementary products/offerings
Competitive differences
Barriers to access
Mobility barriers - ANS-Mobility Barriers
________ are the advantages from finding price chain sports in choicest geographies for a
specific interest.
Polycentric innovation techniques
Communities of studying
Location economies
Liability of foreignness - ANS-Location economies
________ is a mechanism to direct and control an business enterprise and tries to address the
fundamental-agent problem, that can arise any time an agent plays activities on behalf of a most
important.
A standard running technique
Stakeholder impact analysis
Corporate governance
Corporate social duty (CSR) - ANS-Corporate governance
________ is a stakeholder attribute that managers must keep in mind at every step in a
stakeholder effect evaluation?
- Profit
- Literacy
- Legitimacy
- Authenticity - ANS-Legitimacy
,________ is an critical tool because it lets in a supervisor to understand, prioritize and address
the desires of diverse stakeholders.
Shareholder balloting proxies
Stockholder appreciation
Shareholder Right's Plan
Stakeholder effect analysis - ANS-Stakeholder effect analysis
________is a theoretical framework to provide an explanation for and are expecting the limits of
the company.
Horizontal diversification
Transaction price economics
Economic funding forecasting
Corporate-level approach - ANS-Transaction fee economics
________is exceptional defined as executives' use of strength and affect to direct the activities
of others whilst pursuing an agency's goals.
Intrapreneurship
Strategic leadership
Venture capitalism
Machiavellianism - ANS-Strategic Leadership
A organisation's imaginative and prescient broadly speaking states
how the company plans to perform its goals.
How the organization plans to compete in its enterprise.
What the enterprise honestly does to generate sales.
What the corporation wants to in the long run accomplish. - ANS-what the organization wants to
ultimately accomplish.
A consolidated enterprise becomes a fragmented industry when
restrictive government regulations are brought in the enterprise.
Technological advances cause industry convergence.
Community consequences enjoyed with the aid of incumbent firms within the industry emerge
as stronger.
Companies reduce competition inside the industry thru mergers and acquisitions. -
ANS-restrictive authorities regulations are brought inside the enterprise.
,A defining characteristic of the subscription-based enterprise model is that the
simple functions of a products or services are furnished freed from price, but the consumer need
to pay for premium offerings together with advanced capabilities or accessories.
Person will pay for get right of entry to to a product or service whether or not they use it at some
stage in the payment term or no longer.
Initial product is frequently offered at a loss or given away without cost so that it will force call for
for complementary items.
Person will pay for only the services they devour. - ANS-user will pay for get entry to to a
services or products whether they use it at some point of the payment time period or no longer.
A diagnosis of the competitive mission, that's an element of an excellent method, is generally
done via method
manage.
Method.
Implementation.
Analysis. - ANS-Analysis
A company decides to hold $20,000 from its annual profits and make investments it in
developing a complicated production gadget. According to the dynamic talents attitude, the
$20,000 might maximum in all likelihood be called the company's
aid drift.
Capital benefit.
Frozen asset.
Marginal software. - ANS-resource flow.
A firm is likely to have a aggressive gain while it
- Minimize the difference between cost introduction and the prices involved
- Performs at a level similar to the alternative firms inside the industry
- Provides goods similar to the ones of competition, but at a higher rate
- Provides services that purchasers will fee extra than those of its opponents - ANS-Provides
services that clients will fee extra than the ones of its opponents
A firm's _______ are best described as awesome and first-class-grained enterprise techniques
such as taking orders, delivering merchandise, or invoicing clients.
Resource flows
, capital profits
abilities
activities - ANS-activities
A company's ________Blank strategy is probably to fall via the wayside because of
unpredictable occasions and turn into unrealized approach
found out
dominant
meant
recognized - ANS-supposed
A proper approach need to be capable of offer products and services to clients at an appealing
rate factor while retaining internal charges, resulting in
fee advent.
Sustainable competitive gain.
Competitive benchmarking.
Shareholder appreciation - ANS-Value advent
A large conglomerate is selecting the variety of latest services and products it may provide to its
customers to similarly extend its operations. This selection determines the firm's
vertical integration.
Geographic scope.
Horizontal integration.
Stage of diversification. - ANS-degree of diversification.
A leveraged buyout (LBO)
changes the ownership structure of a company from public to non-public.
Forces shareholders to sell their shares at lower costs than the real price
.
Is based totally on an expectation that the brand new personal proprietors will no longer
restructure the organization at any value.
Requires the buyer to reveal financial statements of the organisation once it becomes private. -
ANS-changes the possession structure of a organization from public to non-public.
A patent is a form of
digital charge.
Everlasting monopoly.
_______ allows companies to supply supplies at decrease prices, to examine new abilities, and
to similarly differentiate their services and products overseas.
Globalization
Business-degree strategy
Domestic outsourcing
An equity-primarily based alliance - ANS-Globalization
________ are industry-unique factors that separate one strategic institution from every other.
Complementary products/offerings
Competitive differences
Barriers to access
Mobility barriers - ANS-Mobility Barriers
________ are the advantages from finding price chain sports in choicest geographies for a
specific interest.
Polycentric innovation techniques
Communities of studying
Location economies
Liability of foreignness - ANS-Location economies
________ is a mechanism to direct and control an business enterprise and tries to address the
fundamental-agent problem, that can arise any time an agent plays activities on behalf of a most
important.
A standard running technique
Stakeholder impact analysis
Corporate governance
Corporate social duty (CSR) - ANS-Corporate governance
________ is a stakeholder attribute that managers must keep in mind at every step in a
stakeholder effect evaluation?
- Profit
- Literacy
- Legitimacy
- Authenticity - ANS-Legitimacy
,________ is an critical tool because it lets in a supervisor to understand, prioritize and address
the desires of diverse stakeholders.
Shareholder balloting proxies
Stockholder appreciation
Shareholder Right's Plan
Stakeholder effect analysis - ANS-Stakeholder effect analysis
________is a theoretical framework to provide an explanation for and are expecting the limits of
the company.
Horizontal diversification
Transaction price economics
Economic funding forecasting
Corporate-level approach - ANS-Transaction fee economics
________is exceptional defined as executives' use of strength and affect to direct the activities
of others whilst pursuing an agency's goals.
Intrapreneurship
Strategic leadership
Venture capitalism
Machiavellianism - ANS-Strategic Leadership
A organisation's imaginative and prescient broadly speaking states
how the company plans to perform its goals.
How the organization plans to compete in its enterprise.
What the enterprise honestly does to generate sales.
What the corporation wants to in the long run accomplish. - ANS-what the organization wants to
ultimately accomplish.
A consolidated enterprise becomes a fragmented industry when
restrictive government regulations are brought in the enterprise.
Technological advances cause industry convergence.
Community consequences enjoyed with the aid of incumbent firms within the industry emerge
as stronger.
Companies reduce competition inside the industry thru mergers and acquisitions. -
ANS-restrictive authorities regulations are brought inside the enterprise.
,A defining characteristic of the subscription-based enterprise model is that the
simple functions of a products or services are furnished freed from price, but the consumer need
to pay for premium offerings together with advanced capabilities or accessories.
Person will pay for get right of entry to to a product or service whether or not they use it at some
stage in the payment term or no longer.
Initial product is frequently offered at a loss or given away without cost so that it will force call for
for complementary items.
Person will pay for only the services they devour. - ANS-user will pay for get entry to to a
services or products whether they use it at some point of the payment time period or no longer.
A diagnosis of the competitive mission, that's an element of an excellent method, is generally
done via method
manage.
Method.
Implementation.
Analysis. - ANS-Analysis
A company decides to hold $20,000 from its annual profits and make investments it in
developing a complicated production gadget. According to the dynamic talents attitude, the
$20,000 might maximum in all likelihood be called the company's
aid drift.
Capital benefit.
Frozen asset.
Marginal software. - ANS-resource flow.
A firm is likely to have a aggressive gain while it
- Minimize the difference between cost introduction and the prices involved
- Performs at a level similar to the alternative firms inside the industry
- Provides goods similar to the ones of competition, but at a higher rate
- Provides services that purchasers will fee extra than those of its opponents - ANS-Provides
services that clients will fee extra than the ones of its opponents
A firm's _______ are best described as awesome and first-class-grained enterprise techniques
such as taking orders, delivering merchandise, or invoicing clients.
Resource flows
, capital profits
abilities
activities - ANS-activities
A company's ________Blank strategy is probably to fall via the wayside because of
unpredictable occasions and turn into unrealized approach
found out
dominant
meant
recognized - ANS-supposed
A proper approach need to be capable of offer products and services to clients at an appealing
rate factor while retaining internal charges, resulting in
fee advent.
Sustainable competitive gain.
Competitive benchmarking.
Shareholder appreciation - ANS-Value advent
A large conglomerate is selecting the variety of latest services and products it may provide to its
customers to similarly extend its operations. This selection determines the firm's
vertical integration.
Geographic scope.
Horizontal integration.
Stage of diversification. - ANS-degree of diversification.
A leveraged buyout (LBO)
changes the ownership structure of a company from public to non-public.
Forces shareholders to sell their shares at lower costs than the real price
.
Is based totally on an expectation that the brand new personal proprietors will no longer
restructure the organization at any value.
Requires the buyer to reveal financial statements of the organisation once it becomes private. -
ANS-changes the possession structure of a organization from public to non-public.
A patent is a form of
digital charge.
Everlasting monopoly.
