MNES that base their competitive advantage on a differentiation strategy are particularly attracted to go overseas to gain access to low-cost input factors. O True O False

All of these are among the actions suggested by the Four Actions Grid used in forming a blue ocean strategy except which? Multiple Choice   factors to be concentrated   factors to be raised   factors to be eliminated   factors to be created   factors to be reduced

Competitive advantage can be defined as: Group of answer choices A firm’s ability to establish market leadership. A firm’s ability to grow faster than its competitors. A firm’s potential to earn a rate of profit that is persistently higher than its rivals. A firm’s potential for launching innovative new products.

It is said that competition is not valued for its own sake but because it produces efficient market outcomes. However, conduct is tested against its impact on competition rather than its impact on efficiency. Carefully explain this apparent inconsistency. Use examples to illustrate your response.

A company expects a shortage of raw materials required for production what kind of factor is influencing its buying decision?

Identify and describe an American firm of your choice that is challenged in its production operations to support its basic business needs to manufacture a high-quality product, safely, within budget, and on schedule. Its operations management is characterized by a culture that supports the vision and mission statements. This business problem (its production operations) includes a mismanaged supply chain, massive overtime wage payouts to make up for lost time injuries, increasing turnover and no shows at the work site, and where there is a spike in customer complaints resulting in business loss and narrowing profit margins.   As a decision maker, what action plan would you recommend to the senior leadership of the organization to take it from its current conditions to bring it closer to its ideal operating conditions (to become a company known for zero-defects, excellence in supply chain management, customer satisfaction, safe and reliable high-quality products, value to the customer,…

Firms are more likely to imitate a differentiation strategy than a cost leadership strategy. Which of the following provides the most compelling reason that Goat may be able to sustain a competitive advantage?  Goat executes product differentiation None of the options Both of the options Goat maintains socially complex relationships with Sneakerheads

Nadler identifies four components that go into identifying the strategic space in the strategic choice process, which of the following is not one of the components.     Vision and mission     View of the world     View of the company     Stakeholder input

If the collective impact of Porter's five forces in an industry becomes stronger, the combined profitability of the firms in this industry would be:   Lower   Higher   Zero   Will not change

Firms choose between following an emergent strategy or a deliberate strategy.  True or false