BSG

Corporate level broadest and longest timeframe; answers what or which business are we going to compete in Business level shorter timeframe narrower in scope; how are we going to compete in this industry Functional level deal with specific functional areas in an organization (marketing, engineering, accounting) Operational day to day strategies Strategic competitiveness achieved when a firm successfully formulates and implements a value creating strategy Competitive advantage your firm does ...

In year 11, footwear companies can expect to sell an average of 4.84 million branded pairs and an average of 800,000 private label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort. The interest rate a company pays on loans outstanding depends on its credit rating The company's present production capability (as of Year 10) is 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime ...

Strategy consists of the competitive moves and business approaches that managers employ to attract and please customers, compete successfully, capitalize on opportunities to grow the business, respond to changing market conditions, conduct operations, and achieve the targeted financial and market performance 3 Strategic Questions firms must answer 1. What is the firm's present situation? 2. What direction to head and what performance targets to set 3. How to run the firm in ways that produce g...

Brinker International operates restaurants in several different segments of the casual dining market. This is a. a relatively high level of diversification. b. an example of product diversification. c. unlikely to reduce variability in the firm's profitability since the restaurants are all in the casual dining category. d. an example of related linked diversification. b. an example of product diversification. On the most basic level, corporate-level strategy is concerned with ____ and how to m...

The IFF's S/Q rating formula calls for a 1-star reduction in the S/Q rating on all unsold branded pairs carried over in inventory to the following year since they represent last year's styles. Ratings are updated annually IFF personnel then take the S/Q ratings at each plant and, based on where each plant's output is shipped and on the S/Q ratings of pairs in unsold inventory, calculates S/Q ratings for each company in each geographic region where its shoes are available for sale. Companies...

A company's strategy represents managerial commitment to undertake one set of actions rather than another in an effort to compete successfully and achieve good performance outcomes. There are many routes to competitive advantage, but they all involve providing buyers with what they perceive as superior value compared to the offerings of rival sellers. Which one of the following statements about whether a company's strategy can be considered ethical is true? just keeping a company's strategi...

The difference between a company's business model and a company's strategy is that its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate ample revenues to cover costs and yield an attractive profit while its strategy relates to the companies competitive moves and business approaches (which may or may not lead to profitability) A company's strategy is a "work in progress" and evolves over time because o...

A company's strategyRepresents managerial commitment to undertake one set of actions rather than another in an effort to compete successfully and achieve good performance outcomes Which of the following questions helps distinguish a winning strategy from a mediocre or losing strategyIs the strategy helping the company achieve a sustainable competitive advantage and is it resulting in goo company performance? In crafting a company's strategyManagers need to come up with some distinctive "aha...

The projected growth in buyer demand for BRANDED athletic footwear is: A) 3-5% annually in North America and Europe-Africa in Years 16-20 and 7-9% annually in Latin America and the Asia Pacific regions in Years 16-20. B) 6-9% annually in all four geographic regions during Years 11-15 and 4-7% annually in all four regions during Years 16-20. C) 5-7% annually in North America during the Year 11-15 periods and 4-6% annually in North America during the Year 16-20 period. D) 10-12% annually in Europe...

Strategy the set of actions that managers take to outperform competitors and achieve competitive advantage strategic management the analysis, decisions and actions (ADA) an organization undertakes in order to create and sustain competitive advantage competitive advantage a firms ability to create value in a way that rivals cannot sustainable competitive advantage elements of the strategy that gives buyers lasting reasons to prefer a company's products or services over those of competitors o...