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. which value chain activ
Which of the following is not one of the central questions in evaluating a company's business prospects?
A. What is the company's present situation?
B. What are the key product or service attributes demanded by consumers?
C. Where does t
The task of crafting corporate strategy for a diversified company encompasses
A. picking the new industries to enter and deciding on the means of entry.
B. initiating actions to boost the combined performance of the businesses the firm h
The reasons why a company opts to expand outside its home market include
A. gaining access to new customers for the company's products/services.
B. spreading its business risk across a wider market base.
C. achieving lower costs and enha
A company's competitive strategy deals with
A anagement's game plan for competing successfullythe specific efforts to please customers, offensive
. and defensive moves to counter the maneuvers of rivals, the responses to current market
A company's "macroenvironment" refers to
A. the industry and competitive arena in which the company operates.
B. general economic conditions plus the factors driving change in the markets where a company operates.
C ll the relevant force
Which one of the following is not one of the five basic tasks of the strategy-making, strategy-executing process? A. Forming a strategic vision of where the company needs to head and what its future business make-up will be B Setting obj
Business ethics concerns
Adeveloping a consensus among companies worldwide as to what ethical principles that businesses should
. be expected to observe in the course of conducting their operations.
B. what ethical behaviors should be ex
A company's corporate culture is best defined and identified by
A. the strategy and business model that a company has adopted.
Bthe character of a company's internal work climate and personalityas shaped by the company's core
Which of the following is not one of the five questions that comprise the task of evaluating a company's
resources and competitive position?
A. What are the company's most profitable geographic market segments?
B. How well is the company
A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to
the appropriate organizational units is important to the strategy execution process because
Achanges in strategy often require r
Once company managers have decided on a strategy, the emphasis turns to
A. converting the strategy (and any associated strategic plan) into actions and good results.
B. empowering employees to revise and reorganize value chain activitie