Str 581 Study guides, Class notes & Summaries

The best strategic offensives for companies involve which of the following? - Answer-1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - Answer-the company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful competitive strategy for a company if _____ - Answer-1. the company convinces buyers that its products ar...

STR 581 Capstone Final Exam Part 1 (Question and Answers) The managers at TeteTech Inc., a company that provides back-end support to multinational technology firms, measure the company’s performance by assessing the time taken by its employees to resolve customers’ queries. Based on the results, the managers find ways to increase the efficiency of individual telephone operators. Which of the following tasks are the managers performing?​ Aitana Inc. produces different kinds of prescript...

Which of the following are types of competitive strategies? - Answer-1. broad low-cost 2. broad differentiation 3. focused low-cost 4. focused differentiation 5. best-cost Which of the following is a typical course of action for companies that pursue low-cost leadership? - Answer-offering lower prices than their rivals Attempts to use low-cost advantage to attack rival companies with lower product prices can result in which of the following - Answer-1. retaliatory price cuts 2. a price ...

STR 581: Ch 8: Corporate Strategy Exam Questions With 100% Correct Answers The steps involves in creating a diversified company's corporate strategy include ______ - answer1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifying into new industries ____ - answershould be explored when a single business company encounters dwindling opportunities in...

Which of the following statements accurately describe the process of executing a business strategy? - Answer-1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to build an organization capable of good strategy execution? - Answer-1. developing strong management and finding the right employees for the organization 2. implementing sound structure within the or...

STR 581 Ch 11 Managing internal operations Q&A 100% Correc

What are reasons that companies expand into foreign markets? - Answer-1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - Answer-take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's - Answer- 1. advantages for specific value chain activities 2. strong economic conditions 3. favorab...

STR 581: Ch 6: Strengthening a Company's Competitive Position Exam Questions With Verified Answers The best strategic offensives for companies involve which of the following? - answer1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - answerthe company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful compe...

STR 581: Ch. 10: Building an Organization Capable of Good Exam Questions With Verified Answers Which of the following statements accurately describe the process of executing a business strategy? - answer1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to build an organization capable of good strategy execution? - answer1. developing strong management and...

The steps involves in creating a diversified company's corporate strategy include ______ - ️️1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifying into new industries ____ - ️️should be explored when a single business company encounters dwindling opportunities in its principal business Diversification is not really viewed as a success...