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Homework answers / question archive / University of Southern Mississippi MANAGEMENT 300 Quiz 6 1)In the context of the strategic reference point theory, the       strategy aims to protect an existing competitive advantage

University of Southern Mississippi MANAGEMENT 300 Quiz 6 1)In the context of the strategic reference point theory, the       strategy aims to protect an existing competitive advantage

Management

University of Southern Mississippi

MANAGEMENT 300

Quiz 6

1)In the context of the strategic reference point theory, the       strategy aims to protect an existing competitive advantage.

  1. From a competitive standpoint, resource similarity means that the strategic actions your company takes could probably be matched by your direct competitors.

 

  1. The second step in a retrenchment strategy is         .
  2. Companies often choose a            strategy when their external environment doesn't change much or after they have struggled with periods of explosive growth.
  3. Samantha's, a chain of coffeehouses, also markets a line of compilation CDs and other non-coffee items. The making and marketing of the CDs and other non-coffee products would be an example of

            .

  1.                 are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.

 

  1.              are companies that have a small share of a fast-growing market.

 

  1. Based on the research evidence, related diversification appears to be a better strategy for portfolio management than unrelated diversification.

 

  1. If retrenchment works, it is typically followed by a stability strategy.
  2.              is a discrepancy between a company’s intended strategy and the strategic actions managers take when actually implementing that strategy.

Attempt 2:

  1. The      is a measure of the degree to which barriers to entry make it easy or difficult for new companies to get started in an industry.
  2. The purpose of a     strategy is to increase profits, revenues, market share, or the number of places (stores, offices, locations) in which the company does business.
  3. An industry-level strategy that is best suited to changes in the organization's external environment is a(n)       strategy.

 

  1.         are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.
  2.      is the degree to which two companies have overlapping products, services, or customers in multiple ventures.
  3. According to Michael Porter, five industry forces determine an industry's overall attractiveness and potential for long-term profitability. Which of the following is one of those forces Porter identified?
  4. Which of the following is an example of core capabilities of an organization?
  5. According to Michael Porter, which of the following is one of the five industry forces that determine an industry’s overall attractiveness and potential for long-term profitability?
  6. Because of slowing sales, Ace Glue started promoting innovative uses for its all-purpose glue. By searching for new market opportunities, the manufacturer of Ace Glue is using which type of adaptive strategy?

 

  1. A       is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

 

 

 

 

 

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