Chapter 4 CS

What is the geographic scope of Volkswagen (VW) Group according to the text?

Which division is NOT mentioned as part of Volkswagen (VW) Group in the text?

In which city is the headquarters of Volkswagen (VW) Group located?

What was the annual revenue of Volkswagen (VW) Group in 2021 according to the text?

What strategy does Volkswagen (VW) Group operationalize through its product architecture, according to the text?

What is a characteristic of strategic alliances?

What is a drawback of strategic alliances mentioned in the text?

According to the 'Build-Borrow-Buy' Framework, what is the purpose of 'Borrow'?

What is one of the benefits mentioned in the text regarding strategic alliances?

In the context of diversification, what does the text suggest about the relationship between diversification and performance?

What does the text define as diversification in a company?

According to Ansoff, what does diversification involve?

What characterizes related diversification according to Rumelt's classification?

In which type of diversification is Apple classified according to the text?

How does Apple's organizational structure enable it to succeed in global competition?

What is the Cost of Entry Test mainly concerned with in corporate strategy?

What is the primary criterion for the Better-Off Test in corporate strategy?

In the context of mergers, what does a Horizontal merger involve?

What are some characteristics of successful acquisitions according to the text?

In corporate strategy, what is a Strategic Alliance focused on?

What is one example of post-integration failure mentioned in the text?

What is an excurse mentioned in the text related to corporate strategy?

What is a potential opportunity highlighted in the text for cross-business value chain activities?

What is an example of potential collaboration mentioned in the text to create a new competitive advantage?

What characterizes the strategic-fit opportunities discussed in the text?

What is a key consideration when it comes to the 'Choice of Businesses' according to the text?

In the context of resource management, what is a strategy firms can use to achieve high returns/profits?

Which type of business does NOT fall under Yamaha Corporation's product line?

What is a critical aspect in the 'Value of Diversification' discussed in the text?

What is emphasized as a potential strategy to gain competitive advantage in the text?

What is the pattern of diversification described in the text?

What are some examples of products mentioned under Mitsubishi's unrelated diversification?

Why do firms diversify according to the text?

What are some external inducements for firms to diversify?

In the context of diversification, what is an example of an internal inducement mentioned in the text?

How do firms benefit from economies of scope?

What is one reason firms may diversify according to the text?

What is a potential drawback of excessive unrelated diversification?

Which factor could drive a firm to diversify according to the text?

What is a potential benefit of unrelated diversification as described in the text?

The Cost of Entry Test ensures that the entry costs do not consume all future ______

In the Mode of Expansions, Horizontal mergers involve acquiring businesses in the ______ industry

Successful acquisitions require the target firm to have complementary ______

Strategic Alliances involve businesses contributing resources outside of their respective ______

Internal Development encourages ______ within the company

Volkswagen Group was founded in ______

Volkswagen Group consists of two divisions: Automotive and ______ Services

Volkswagen Group's headquarters is located in ______, Germany

In 2021, Volkswagen Group's annual revenue was 296 billion ______

Volkswagen Group operates worldwide, with a presence in ______ countries

Yamaha Corporation offers a wide range of products including furniture, TVs, keyboards, pianos, skis, and __________.

The 'Value of Diversification' emphasizes the importance of matching resources with business __________.

In corporate strategy, the Resource-Product Matrix helps in identifying the relationship between resources, products, and __________.

One strategy for firms to achieve high returns/profits is to exploit and develop resources through a __________ model.

In the context of diversification, firms can achieve high returns/profits by strategically choosing businesses that offer attractive resources and engaging in mergers and __________ activities.

The Build-Borrow-Buy Framework provides guidance in determining whether firms should pursue: Internal development (build), Enter a contract/strategic alliance (borrow), Acquire new resources, capabilities, and competencies (___)

Strategic Alliances allow access to complementary assets and ____

One of the drawbacks of Strategic Alliances is the lack of ____

Diversification is a viable growth decision that involves making different choices of ____

The 'Build-Borrow-Buy' Framework helps in determining whether firms should pursue Internal development, Enter a contract/strategic alliance, or Acquire new resources, capabilities, and ____

Identifying the potential for cross-business value chain activities includes the opportunity to combine purchasing activities and gain more leverage with suppliers and realize supply chain economics. Opportunity to share technology, transfer technical skills or combine R&D are examples of ___________.

In the context of resource management, a strategy firms can use to achieve high returns/profits is ____________.

The 'Build-Borrow-Buy' Framework emphasizes the purpose of 'Borrow' to __________ resources.

Successful acquisitions require the target firm to have complementary ___________.

In the Mode of Expansions, Horizontal mergers involve acquiring businesses in the ______ industry.

According to Ansoff, diversification involves the expansion of the corporation activities to new ______ and/or new markets.

In related diversification, a corporation opens new business fields that are closely related to the previously business segment, like ______.

Apple's organizational structure is designed to allow it to succeed effectively in the ever-changing and challenging worldwide ______.

Diversification can be classified into related and ______ types according to Rumelt.

Volkswagen Group operates worldwide, with a presence in ______ countries.

Diversified corporations can arrange for the 'unsure' individuals to have the riskless projects and keep the talented individuals who would not invest in 'dull' or 'slow growth' businesses. © Artur Baldauf l Department of Management l University of Bern Corporate Strategy 13 Why do ______ Diversify? Internal Inducements Economies of Scope and Synergy C(x+y) < C(x) + C(y); 2 + 2 = 5 Exploitation of core competencies How is 'relatedness' defined? Are products or competence/resources the analysis object? How can one measure 'relatedness'? SIC codes, patents Potential Agency (Stipulation) Problems Diversified corporations can operate like a labor or capital market if there is market failure or asymmetric information; informed markets exist when external markets are weak. Transaction costs © Artur Baldauf l Department of Management l University of Bern Corporate Strategy 14 Why Do ______ Diversify?

Existing questions. Do NOT ask these: What was the annual revenue of Volkswagen (VW) Group in 2021 according to the text? Successful acquisitions require the target firm to have complementary ______ In the Mode of Expansions, Horizontal mergers involve acquiring businesses in the ______ industry Volkswagen Group consists of two divisions: Automotive and ______ Services What is a potential benefit of unrelated diversification as described in the text? Which type of business does NOT fall under Yamaha Corporation's product line? Which factor could drive a firm to diversify according to the text? What is a potential drawback of excessive unrelated diversification? What is an excurse mentioned in the text related to corporate strategy? What strategy does Volkswagen (VW) Group operationalize through its product architecture, according to the text? In which type of diversification is Apple classified according to the text? According to the 'Build-Borrow-Buy' Framework, what is the purpose of 'Borrow'? What characterizes the strategic-fit opportunities discussed in the text? What is one example of post-integration failure mentioned in the text? What is the Cost of Entry Test mainly concerned with in corporate strategy? How do firms benefit from economies of scope? According to Ansoff, what does diversification involve? What is a critical aspect in the 'Value of Diversification' discussed in the text? What are some characteristics of successful acquisitions according to the text? In the context of mergers, what does a Horizontal merger involve? One strategy for firms to achieve high returns/profits is to exploit and develop resources through a __________ model. In corporate strategy, the Resource-Product Matrix helps in identifying the relationship between resources, products, and _________. The Cost of Entry Test ensures that the entry costs do not consume all future ______ What is an example of potential collaboration mentioned in the text to create a new competitive advantage? What is emphasized as a potential strategy to gain competitive advantage in the text? The 'Value of Diversification' emphasizes the importance of matching resources with business _________. Volkswagen Group operates worldwide, with a presence in ______ countries Why do firms diversify according to the text? What is a potential opportunity highlighted in the text for cross-business value chain activities? What is the geographic scope of Volkswagen (VW) Group according to the text? In corporate strategy, what is a Strategic Alliance focused on? How does Apple's organizational structure enable it to succeed in global competition? In the context of diversification, what is an example of an internal inducement mentioned in the text? What is a key consideration when it comes to the 'Choice of Businesses' according to the text? In 2021, Volkswagen Group's annual revenue was 296 billion ______ What are some external inducements for firms to diversify? Which division is NOT mentioned as part of Volkswagen (VW) Group in the text? Internal Development encourages ______ within the company What is one reason firms may diversify according to the text? What are some examples of products mentioned under Mitsubishi's unrelated diversification? What does the text define as diversification in a company? Volkswagen Group's headquarters is located in ______, Germany What characterizes related diversification according to Rumelt's classification? What is a characteristic of strategic alliances? In the context of diversification, firms can achieve high returns/profits by strategically choosing businesses that offer attractive resources and engaging in mergers and ________ activities. What is one of the benefits mentioned in the text regarding strategic alliances? In the context of resource management, what is a strategy firms can use to achieve high returns/profits? Yamaha Corporation offers a wide range of products including furniture, TVs, keyboards, pianos, skis, and _________. In the context of diversification, what does the text suggest about the relationship between diversification and performance? What is a drawback of strategic alliances mentioned in the text?