A winning strategy is one that A) results in a company becoming the dominant industry leader. B) fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. C) builds strategic fit, is socially responsible, and maximizes shareholder wealth. can pass the ethical standards test, the strategic intent test, and the profitability test. D) is highly profitable and boosts the company's market share.
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D) is highly profitable and boosts the company's market share.
A strategy can be defined as a business organization's general plan to achieve its goals and objectives striving toward success and development. When a business organization develops and implements an effective and impactful strategy it most often leads them to get more sales, revenue, and gaining a competitive advantage among its competitors in the marketplace.
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- Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.Select an existing company in any industry, and identify the following points: Introduction: Describe the company, its industry, and its business context Critical incidents: Include any strories of any organization challenges or achievements. How did it overcome the challenges? How did it accomplish its achievements? Investment potential: Include any of its current issues that need to be addressed or its potiential goals for growths Conclusion: Would you invest in the company why or why not?A company's competitive strategy should A) be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies. B) be well attuned to doing an outstanding job of satisfying the needs and expectations of niche buyers. C) ensure it is designed to concentrate on a small range of products so it can react quickly to competitive moves. D) be aligned toward being at least an average performer within the industry. have the resources and capabilities to incorporate standard attributes into its product offering.
- The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.Massam works for a company that is having a hard time competing in the market. Massam really wants to stand out within his organization to further his career in marketing. Which strategy should Massam pursue to better understand the external environment around his company? O Massam should study and analyze the competition to understand how his company differs from everyone else so that he can pinpoint the fallout of his company. O b. Massam should study and analyze the technological environment that is used to understand how his company differs from everyone else so that he can pinpoint the fallout of his company. O Massam should study and analyze the consumer to understand how his company differs from everyone else so that he can pinpoint the fallout of his company Od. Massam should study and analyze the social environment that is used to understand how his company differs from everyone else so that he can pinpoint the fallout of his companyMichael Porter argues that business operates within the frenzy and flux of five different forces that combine to determine its profitability. What is one way to boost your customers competitive position? O 1) Help customers make better decisions 2) Provide further discounts to stop competition O 3) Form a diamond team approach 4) Help customers prevent new entrants in the market
- How can a firm ensure that their strategic plan remains flexible and adaptable to changing circumstances, while still providing a clear and focused direction for the organization?How do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?Research a company that has gone bankrupt or otherwise stopped operations in the past decade because their strategy was “stuck in the middle” of otherwise viable generic business-level strategies. Could its demise have been prevented?
- 1. The hedgehog concept empowers the company to take advantage of the latest market trends or any new opportunities. TRUE FALSE 2.The Return Driven Strategy framework provides a structure for reviewing and evaluating strategies with the goal of creating long-term sustainable value. TRUE FALSE 3.The Return Driven Strategy framework can facilitate development of performance measures to monitor the performance of strategies as well as assess and manage strategic risks. TRUE FALSEGive an overview of the consumer electronics industry. Then, identify and characterize the major players that may be a threat to profits in each of Porter's Five Forces for your selected industry. finally, apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a value net. Consumer Electronics - apply Porter's Five Forces to consumer electronics, and identify and characterize potential players that may form a Value Net.Your marketing staff (again) wants to invest $20 million in advertising to increase consumer willingness to pay per unit by a projected 6%. Your operations staff (again) wants to invest $20 million on a technology that will reduce production cost per unit by 5%. As Director of Strategic Planning, you are responsible for allocating resources to these subordinate functions. Which of the following recommendations and rationales should you offer the CEO if her goal is to create a long-run sustainable competitive advantage over rivals? O A. The marketing staff should be supported because consumers view all producers' offerings as homogenous. B. The marketing staff should be supported because a 6% increase in willingness to pay per unit exceeds a 5% decrease in cost per unit. C. The marketing staff should be supported because buyer switching costs are low. D. The operations staff should be supported because industry producers compete primarily on price. O E. The operations staff should be…