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6b - Your Results The correct answer for each question is...

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Your Results: The correct answer for each question is indicated by a . 1 CORRECT 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) How best to tailor the company's strategy to such industry conditions as rapid growth, slow growth or market stagnation B) Whether to bolster the company's market position and competitiveness via acquisition or merger C) Whether to employ a low-end strategy or a middle-of-the-road strategy or a high-end strategy D) Whether to integrate forward or backward into more stages of the industry value chain E) Whether to enter into strategic alliances or collaborative partnerships 2 INCORRECT Which one of the following is not a factor that makes an alliance "strategic" as opposed to just a convenient business arrangement? A) The alliance involves joint contribution of resources and is mutually beneficial. B) The alliance helps block a competitive threat or open up new market opportunities. C) The alliance helps mitigate a significant risk to a company's business. D) The alliance helps build, enhance, or sustain a core competence or competitive advantage. E) The alliance is critical to the company's achievement of an important objective. 3 INCORRECT Companies are motivated to enter into strategic alliances or cooperative arrangements A) to expedite the development of promising new technologies or products. B) to bring together the personnel and expertise needed to create desirable new skill sets and capabilities to improve supply chain efficiency, and/or gain economies of scale in production and/or marketing. C) to acquire or improve market access through joint marketing agreements. D) to help win the race against rivals for global market leadership or to seize opportunities on the frontiers of advancing technology and build the resource strengths and business capabilities to compete successfully in the industries and product markets of the future.
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E) All of these. 4 INCORRECT The best strategic alliances A) aim at teaming up with world-class suppliers or else companies with world-class know-how in product innovation. B) are those whose purpose is helping a company master a new technology. C) are those formed to enable the partners to be consistent first movers or fast followers. D) are highly selective, focusing on particular value chain activities and on obtaining a particular competitive benefit. E) aim at insulating the partners against the impacts of the five competitive forces and industry driving forces. 5 INCORRECT Companies racing against rivals for global market leadership often utilize strategic alliances and collaborative partnerships with companies in foreign countries in order to A) better master new technologies, combat the bargaining power of foreign suppliers and foreign buyers, and facilitate global vertical integration.
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