ch6 - ch6 Student: _ Strategic Choices Beyond That of...

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ch6 Student: ___________________________________________________________________________ Strategic Choices Beyond That of Choosing a Generic Competitive Strategy 1. Once a company has decided to employ a particular generic competitive strategy, then it must make such additional strategic choices as A. Whether to enter into strategic alliances or collaborative partnerships B. Whether and when to employ offensive and defensive moves C. What type of Web site strategy to employ D. Whether to integrate forward or backward into more stages of the industry value chain E. All of the above 2. Which one of the following is not a strategic choice that a company must make to complement and supplement its choice of one of the five generic competitive strategies? A. Whether to enter into strategic alliances or collaborative partnerships B. Whether and when to employ offensive and defensive moves C. Whether to employ a market share leadership strategy D. Whether to integrate forward or backward into more stages of the industry value chain E. Whether to bolster the company's market position and competitiveness via acquisition or merger Collaborative Strategies: Alliances and Partnerships 3. Strategic alliances A. Are the cheapest means of developing new technologies and getting new products to market quickly B. Are collaborative arrangements where two or more companies join forces to achieve mutually beneficial strategic outcomes C. Are a proven means of reducing the costs of performing value chain activities D. Are best used to insulate a company from the impact of the five competitive forces E. Help insulate a firm from the adverse impacts of industry driving forces 4. A strategic alliance A. Is a collaborative arrangement where companies join forces to defeat mutual competitive rivals B. Involves two or more companies joining forces to pursue vertical integration C. Is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, joint contribution of resources, shared risk, shared control and mutual dependence D. Is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing E. Is usually a cheaper and more effective way for companies to join forces than is merger 1
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5. Entering into strategic alliances and collaborative partnerships can be competitively valuable because A. Working closely with outsiders is essential in developing new technologies and new products in virtually every industry B. Cooperative arrangements with other companies are very helpful in racing against rivals to build a strong global presence and/or racing to seize opportunities on the frontiers of advancing technology C. They represent highly effective ways to achieve low-cost leadership and capture first-mover advantages D. They are a powerful way for companies to build loyalty and goodwill among customers with diverse needs and expectations E. They are quite effective in helping a company transfer the risks of threatening external developments
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This note was uploaded on 08/19/2010 for the course FINANCE 600 taught by Professor Norkle during the Fall '09 term at Methodist.

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ch6 - ch6 Student: _ Strategic Choices Beyond That of...

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