Business Strategy and Sustainability Week 1-3
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Questions and Answers

Which of the following is NOT a strategic key element of cost leadership?

  • Control over overheads
  • Process innovation
  • Scale-efficient production units
  • Branding and advertising (correct)

    • What organization focus is critical to implement effective cost leadership?

  • Focus on access to capital (correct)
  • Focus on high-quality product development
  • Focus on competitive brand image
  • Focus on customer service excellence

    • Which of the following risks is NOT associated with a cost leadership strategy?

  • Changing customer preferences
  • Enhanced customer loyalty through branding (correct)
  • Technological changes impacting costs
  • Imitation by competitors

    • Which of the following elements is part of a differentiation strategy?

    <p>Design and quality</p> Signup and view all the answers

    In which circumstance might customers prioritize differentiation over cost leadership?

    <p>When there is a strong brand loyalty</p> Signup and view all the answers

    What potential outcome should companies analyze when considering whether not to collaborate?

    <p>Potential loss of opportunities to competitors</p> Signup and view all the answers

    What should be evaluated to determine if cooperation will compromise competitive advantage?

    <p>The risk of sharing proprietary information</p> Signup and view all the answers

    Which aspect is crucial when structuring a cooperation agreement?

    <p>Control mechanisms and how to unwind the arrangement</p> Signup and view all the answers

    What emotional response can hinder the acceptance of co-opetition?

    <p>Belief that only one party can win</p> Signup and view all the answers

    What is a recommended approach to foster cooperation among teams?

    <p>Choose individuals open to the concept of co-opetition</p> Signup and view all the answers

    What is the primary reason Sergio Marchionne believes scale is essential for European carmakers?

    <p>To achieve competitive margins</p> Signup and view all the answers

    What was the outcome for GM following the Opel-PSA deal?

    <p>GM retained pension liabilities and realized minimal profit</p> Signup and view all the answers

    What caution does Carlos Ghosn provide regarding scale in the automotive industry?

    <p>The effectiveness of scale depends on its utilization</p> Signup and view all the answers

    What trend is highlighted in the automotive industry regarding dealmaking?

    <p>Carmakers are investing in technology and battery companies</p> Signup and view all the answers

    How do analysts view the Opel-PSA deal in terms of future mergers and acquisitions?

    <p>As a potential trigger for more consolidation speculation</p> Signup and view all the answers

    In the conclusion, what dual approach is emphasized for shaping the future of the automotive industry?

    <p>Through both consolidation and technological partnerships</p> Signup and view all the answers

    What is one source of synergy by aligning resources according to corporate-level strategy?

    <p>Achieving resource allocation</p> Signup and view all the answers

    What does the integration of value chains aim to achieve?

    <p>Sharing and linking value-adding activities</p> Signup and view all the answers

    What is a primary reason for companies to prioritize their impact on society?

    <p>To align with sustainability, political, and innovation perspectives</p> Signup and view all the answers

    What does the 'mission' of a company primarily consist of?

    <p>Organizational purpose, beliefs, and values</p> Signup and view all the answers

    Which element is NOT part of a company's vision?

    <p>Organizational values</p> Signup and view all the answers

    How does a mission and vision contribute to an organization?

    <p>They set boundaries for actions and inspire employees</p> Signup and view all the answers

    What distinguishes Starbucks in the competitive coffee market?

    <p>Emphasizing digital innovation and diverse offerings</p> Signup and view all the answers

    Which approach best defines corporate social responsibility (CSR)?

    <p>Balancing profit-making with ethical responsibilities towards people and the planet</p> Signup and view all the answers

    What type of activities are encompassed by diagnosing activities?

    <p>External and internal assessments</p> Signup and view all the answers

    Which statement best describes the nature of strategy formation in small, entrepreneurial organizations?

    <p>It emphasizes a non-linear approach based on available resources.</p> Signup and view all the answers

    What describes the competitive advantage in business-level strategy?

    <p>Performance superiority compared to competitors</p> Signup and view all the answers

    What misconception might someone have regarding Starbucks' product development?

    <p>Starbucks only offers traditional coffee drinks</p> Signup and view all the answers

    What is a significant disadvantage of a highly informal strategy formation approach?

    <p>Higher levels of subjectivity and risk of hasty conclusions.</p> Signup and view all the answers

    Which of the following best represents the impact of the third wave coffee movement?

    <p>A shift towards experiential and ethically sourced coffee</p> Signup and view all the answers

    Which of the following is NOT a phase in the strategic activity model?

    <p>Implementing activities</p> Signup and view all the answers

    What problem is associated with greenwashing?

    <p>Portraying a company as more socially responsible than it actually is</p> Signup and view all the answers

    What is a primary characteristic of causation logic in strategy formation?

    <p>It emphasizes defining objectives and planning to achieve them.</p> Signup and view all the answers

    Which of the following best describes the core idea of population ecology theory?

    <p>Changes in business primarily occur at the population level rather than the individual level.</p> Signup and view all the answers

    What commonly inhibits organizations from making significant changes?

    <p>Political resistance to change</p> Signup and view all the answers

    In the context of organizational change, which factor is NOT part of the areas of change?

    <p>Market share</p> Signup and view all the answers

    What does ambidexterity in organizations primarily refer to?

    <p>The simultaneous exploitation of existing resources and exploration of new opportunities.</p> Signup and view all the answers

    Which aspect does NOT contribute to the concept of organizational inertia?

    <p>Market demand fluctuations</p> Signup and view all the answers

    Which of the following describes the process of selection in the context of environmental change?

    <p>Identifying features that provide competitive advantage.</p> Signup and view all the answers

    Which of these describes how organizations may retain advantageous features?

    <p>By maintaining necessary organizational features.</p> Signup and view all the answers

    Which of the following is NOT an element that defines how organizations deliver value to customers?

    <p>Market segmentation</p> Signup and view all the answers

    Study Notes

    Week 1 Lecture Notes

    • Strategy is a plan of action to achieve a long-term or overall aim.
    • Strategy is distinct from planning, as it has a clear logic behind it.
    • Key components of strategy include What, How, and Where.

    Week 2 Pre-readings

    • Patagonia, a well-known outdoor clothing company, has transitioned its ownership to a trust and a non-profit organization.
    • The aim is to combat climate change and protect undeveloped land.
    • The company will continue to operate in the environmentally responsible way it has historically done.
    • The transition raises concerns that the lack of family financial stake might lead to losing focus on sustainability.

    Week 3 Pre-readings

    • Starbucks' business model case study is provided
    • The coffee industry has evolved from simple commodity to a specialty, experiential market.
    • Key factors include consumer demand, ethical sourcing, and the embrace of digital innovation.
    • The company's product portfolio includes espresso beverages, seasonal items, and food items.

    Week 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, assignments

    • Participation: 20%
    • Group Work: 40% (20% strategy simulation, 10% group reflection, 10% peer evaluation)
    • Weeks 6-9 are relevant to group evaluation
    • All the information is relevant to the subject matter being presented

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    Related Documents

    SIEN2210 Assignments and Lecture Notes PDF

    Description

    This quiz covers key concepts from the first three weeks of discussions on business strategy, sustainability, and industry evolution. It examines strategic planning distinctions, Patagonia's innovative ownership transition, and Starbucks' approach to the specialty coffee market. Test your understanding of these essential topics.

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