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Exam 5: Strategic Management

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Question 21

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_______________ refers to the strategy where competitive advantage is based on superior products or service.

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Question 22

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_____________ exists when an organization participates in multiple businesses that are in some way distinct from each other, as Taco Bell is from Pizza Hut.

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Question 23

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_______________ tells managers how they should go about putting the desired strategy into action.

The best straegies, corporate and business, are based on a thorough SWOT analysis.

A ______________ strategy refers to the strategy where competitive advantage is based on superior products or service.

The firm's capacity to deploy resources that have been purposely integrated to achieve a desired end state are called _____________.

Critical to the forming of competitive advantages, _______________ are often based on developing, carrying, and exchanging information and knowledge through the firm's human capital.

_____________________ answers strategy questions related to "what business or businesses should we be in?"

When you can identify certain strengths that set an organization well apart from actual and potential competitors, that strength is considered a source of ______________ advantage.

______________ assess factors external to the business that could enable a business to exist and/or prosper.

____________________focuses on how a given business needs to compete in order to be effective.

________________ is seen when an organization is very clear about its mission and vision, and has a coherent, well-articulated strategy for achieving those.

A useful tool for taking stock of organizational capabilities is the ______________.

An assessment of strengths and weaknesses occurs as a part of organizational analysis.

Superiority in competitive advantage refers to all of the following factors EXCEPT:

Examples of business strategy include all the following EXCEPT:

The purpose of diversification is:

Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors.

What are the most prominent factors that experience shows to affect the intensity of firm's rivalries

____________ exists when the interaction of two or more active activities, such as those in a business, create a combined effect greater than the sum of their individual effects.