Str 581 Study guides, Class notes & Summaries

business ethics - Answer-deals with the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel ethical universalism - Answer-the most fundamental concepts of right and wrong are universal and transcend culture, society, and religion. ethical relativism - Answer-holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is total inappropriate. ...

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...

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...