Business Planning & Growth Strategies

They aimed to aggregate findings from various studies to understand the overall business planning-performance relationship in small firms.

The three moderating factors are environmental dynamism, firm size, and the entrepreneurs' prior experience.

A. value creating

<p>It indicates that Uber operates in multiple sectors, including transport services, food delivery, and logistics.</p> Signup and view all the answers

<p>Uber’s operations in over 900 metropolitan areas indicate a strategy focused on rapid global expansion.</p> Signup and view all the answers

<p>Uber has partnered with Lime for electric bicycle and motorized scooter rentals.</p> Signup and view all the answers

<p>The competitive landscape can push Uber to innovate and adapt quickly to maintain its market leadership.</p> Signup and view all the answers

<p>Uber’s model may pressure small businesses to adapt or innovate to compete effectively.</p> Signup and view all the answers

<p>Organizations are considered a nexus of contracts.</p> Signup and view all the answers

<p>The two alternatives are: 1) stakeholder primacy, where stakeholders' interests take priority; 2) stakeholder pluralism, which balances the interests of all stakeholders involved.</p> Signup and view all the answers

<p>The two types are: 1) transactional relationships, focusing on short-term exchanges; 2) relational relationships, emphasizing long-term engagement and mutual benefits.</p> Signup and view all the answers

<p>The three types are: 1) direct reciprocity, 2) indirect reciprocity, and 3) generalized reciprocity.</p> Signup and view all the answers

<p>Such relationships are rare and inimitable due to their unique historical context and the trust built over time.</p> Signup and view all the answers

<p>Microsoft's diversification enhances its performance by leveraging synergies across its different business units.</p> Signup and view all the answers

<p>Legitimate reasons include risk reduction, accessing new markets, and emerging opportunities for innovation.</p> Signup and view all the answers

<p>It fosters collaborative practices and innovation by aligning stakeholder interests with firm goals.</p> Signup and view all the answers

<p>Uber's internationalization strategy invalidates the Process Theory by rapidly expanding into global markets without following a gradual process.</p> Signup and view all the answers

<p>The Uppsala Model explains the internationalization of high-tech firms by emphasizing experiential learning and gradual market commitment.</p> Signup and view all the answers

<p>Resource dependency is a moderator of firm survival in the context of entering foreign markets.</p> Signup and view all the answers

<p>A patent is an example of an Intellectual Property Right used by innovators to capture business potential.</p> Signup and view all the answers

<p>The three factors are market size, competitive environment, and the nature of the innovation.</p> Signup and view all the answers

<p>Proponents of the shareholder model believe resources for social initiatives should only be allocated if it benefits shareholders.</p> Signup and view all the answers

<p>Economists criticize stakeholder proponents for misappropriation and misallocation of resources.</p> Signup and view all the answers

<p>Firms capture the business potential of innovations by effectively leveraging Intellectual Property Rights and creating competitive advantages.</p> Signup and view all the answers

<p>Growth through acquisitions is often seen as the most profitable mode because it allows firms to quickly gain market share and access new resources.</p> Signup and view all the answers

<p>'Alexa for Residential' would be named as an exploitative growth opportunity because it leverages existing technology to create additional services.</p> Signup and view all the answers

<p>I would conduct thorough market research and engage in iterative prototyping to ensure the service meets user needs and expectations.</p> Signup and view all the answers

<p>The meta-model of servitization proposed by Brax and Visintin is primarily a continuous model.</p> Signup and view all the answers

<p>The service offers convenience and enhanced living experiences through voice-enabled smart home controls.</p> Signup and view all the answers

<p>Organic growth typically takes longer and may require significant investment in marketing and development, leading to slower returns.</p> Signup and view all the answers

<p>'Exploitation' focuses on refining and utilizing existing resources, while 'exploration' involves seeking new opportunities and innovations.</p> Signup and view all the answers

<p>Solution providers assist in deploying and managing Alexa-enabled devices, ensuring seamless integration into residential environments.</p> Signup and view all the answers

<p>Causation focuses on predetermined goals and means to achieve them, while effectuation emphasizes flexible strategies based on available resources and contingencies.</p> Signup and view all the answers

<p>The S-curve hypothesis suggests that as firms diversify internationally, their performance initially declines before showing significant improvement as they adapt.</p> Signup and view all the answers

<p>Capabilities influence a firm's ability to adapt and thrive in foreign markets, crucial for ensuring long-term survival and growth.</p> Signup and view all the answers

<p>Understanding this choice helps firms effectively allocate resources and select appropriate entry strategies based on market conditions.</p> Signup and view all the answers

<p>Organic growth refers to expanding through internal efforts like innovation, while non-organic growth involves mergers and acquisitions to gain new capabilities.</p> Signup and view all the answers

<p>Firms can capture value through effective intellectual property management, strategic partnerships, and by creating a favorable industry architecture.</p> Signup and view all the answers

<p>Stakeholder theory emphasizes the importance of addressing various stakeholders' needs, which can lead to enhanced trust and performance, fostering competitive advantage.</p> Signup and view all the answers

<p>Cultural differences can lead to misunderstandings and conflicts, affecting integration processes and ultimately the success of cross-border M&amp;As.</p> Signup and view all the answers

<p>They provide experience that improves the odds of future success.</p> Signup and view all the answers

<p>Older firms face learning disadvantages and have higher costs for capability development.</p> Signup and view all the answers

<p>Intangible assets positively moderate the exploitation benefits of a firm's internationalization strategy.</p> Signup and view all the answers

<p>The research aims to develop a theoretical framework analyzing the relationship between multinationality and firm performance.</p> Signup and view all the answers

<p>Developing intangible assets requires considerable resources but does not depreciate when used in different markets.</p> Signup and view all the answers

<p>The S-curve hypothesis suggests that the relationship between international diversification and firm performance is not linear but follows an S-shaped curve.</p> Signup and view all the answers

<p>Firms may encounter structural inertia and rigidities that hamper their learning about new markets.</p> Signup and view all the answers

<p>Hiring managers with international experience enhances venture growth and survival prospects.</p> Signup and view all the answers

<p>Common ground refers to the existence of pre-acquisition patenting activity by both targets and acquirers in the same technology classes.</p> Signup and view all the answers

<p>Technological interdependence encourages acquirers to pursue post-merger integration despite potential disruptions, as it aids in leveraging combined competencies.</p> Signup and view all the answers

<p>One limitation is that the authors assume technological interdependence is the only relevant form, and another is the reliance on patenting data to measure common ground.</p> Signup and view all the answers

<p>Component technology is integrated with existing systems, while standalone technology operates independently without integration.</p> Signup and view all the answers

<p>The distribution of benefits from innovation refers to how the gains generated by innovative efforts are shared among stakeholders, including firms and their partners.</p> Signup and view all the answers

<p>Common ground supports the development of strategies that balance structural integration with the autonomy of the acquired firm.</p> Signup and view all the answers

<p>Absorptive capacity is relevant because it describes a firm's ability to recognize, assimilate, and apply new knowledge, which is essential for successful integration.</p> Signup and view all the answers

<p>Older and larger target firms often possess more established processes and resources, which can enhance the acquiring firm's ability to integrate effectively.</p> Signup and view all the answers

<p>Radical innovation involves creating advanced, distant knowledge, while incremental innovation focuses on minor improvements to existing markets.</p> Signup and view all the answers

<p>A firm's degree of radical innovation orientation negatively influences the use of formal appropriation measures.</p> Signup and view all the answers

<p>A 'property-preempting investment' is an investment aimed at preventing the privatization of valuable assets, such as genes, that could hinder future research.</p> Signup and view all the answers

<p>Persistence is considered a crucial precondition for effectively capturing value from innovations.</p> Signup and view all the answers

<p>Increased search breadth is positively associated with the use of both informal and formal appropriation measures.</p> Signup and view all the answers

<p>Pharmaceutical companies worry they could be held hostage by entities claiming ownership of key genes relevant to their commercial interests.</p> Signup and view all the answers

<p>Stakeholder management emphasizes building relationships with various stakeholders, whereas shareholder-oriented growth focuses primarily on maximizing shareholder value.</p> Signup and view all the answers

<p>Firms can strengthen their appropriability regimes by promoting intellectual property rights within standard-setting bodies.</p> Signup and view all the answers

<p>Innovators incur significant R&amp;D costs while also sharing profits with fast followers.</p> Signup and view all the answers

<p>First movers often struggle with creating a market for their solutions, facing issues like quality mismatches and customer support demands.</p> Signup and view all the answers

<p>Imitation can lead to lower prices and increased competition, potentially undermining the profitability of the original innovator.</p> Signup and view all the answers

<p>Appropriability regimes determine how much of the value generated by innovation can be retained by the innovator, affecting their bargaining power.</p> Signup and view all the answers

<p>Patents protect innovations, helping innovators to maintain exclusive rights and capture economic benefits from their inventions.</p> Signup and view all the answers

<p>Firms can use a mix of patents, trade secrets, and legal contracts to safeguard their innovations and maintain a competitive edge.</p> Signup and view all the answers

<p>Lead-time advantage allows innovators to establish a market presence before competitors, potentially capturing significant market share.</p> Signup and view all the answers

<p>Humble openness can facilitate shared innovative efforts, but it may also expose a firm to risks of others exploiting their resources.</p> Signup and view all the answers

<p>Unrelated diversification is characterized by venturing into businesses with no strategic fit, value chain relationships, or unifying themes. Conglomerates utilize this approach by entering various industries solely for profit potential.</p> Signup and view all the answers

<p>A strong association exists between intangible assets and more related diversification, indicating that firms with valuable intangible resources are likely to pursue diversification strategies that leverage those assets.</p> Signup and view all the answers

<p>Market power advantages enable firms to engage in strategies like predatory pricing and cross-subsidization, which can reinforce their market position and justify diversification efforts.</p> Signup and view all the answers

<p>Capital flexibility allows diversified firms to access both internal and external sources of funds efficiently, enabling them to allocate investments based on company priorities and market opportunities.</p> Signup and view all the answers

<p>Managers are expected to deploy firm resources to markets they believe will yield the highest profits, even when engaging in unrelated diversification.</p> Signup and view all the answers

<p>Resource dependency influences a firm's stability and competitive strategy when entering new markets, as firms with critical resources may have better survival rates.</p> Signup and view all the answers

<p>Predatory pricing involves setting prices low enough to drive competitors out of the market, which can be a strategy used by diversified firms with significant financial resources.</p> Signup and view all the answers

<p>Head-office efficiencies facilitate cheaper and more effective capital allocation by directing investments away from underperforming ventures and towards more profitable opportunities.</p> Signup and view all the answers