Digital & Business Strategies

What is the application of information and technology to raise human performance?

Which of the following indicates the choices the firm has made about how it intends to compete in individual product markets?

What is the one thing every firm must develop and implement?

In terms of customers, when selecting a business-level strategy, the firm determines:

What is the process of dividing customers into groups based on their needs?

What do firms use to subdivide a market into segments that differ from one another on a given characteristic?

Which of the following defines the path that provides the direction of actions organizational leaders take to help their firm achieve success?

Which of the following describes what a firm does to create, deliver, and capture value for its stakeholders?

One of the following is used to describe how the firm will create, deliver, and capture value?

The Freemium model, the advertising model, and the peer-to-peer model are all part of which of the following?

Which is an integrated set of actions taken to produce products with features that are acceptable to customers at the lowest cost, relative to that of competitors?

Walmart follows a low cost strategy. Which of the following is most accurate and enables them to be able to follow this strategy?

Which of the five business-level strategies is inherently or universally superior to the others?

Competitors of companies like Walmart and Dollar General follow which of the following strategies?

Which of the following may be the foundation on which a firm might choose to integrate an outsourcing firm into its value chain to find ways to reduce its costs further?

Which of the following make it necessary for the cost leader to sell large volumes of its product to earn above-average returns?

A cost leadership strategy is not risk free. Which of the following is correct as it pertains to the competitive risks of cost leadership?

Which of the following is an integrated set of actions taken to produce products (at an acceptable cost) that customers perceive as being different in ways that are important to them?

Because a differentiated product satisfies customers' unique needs, firms following the differentiation strategy are able to do what?

Firms develop and use TQM systems to achieve which of the following?

The total of all the individual rivalries, such as likelihood of attack and likelihood of response, that occur in a particular market reflects what in that market?

What is the first step the firm takes to predict the extent and nature of its rivalry with each competitor?

Which of the following refers to the number of markets in which firms compete against each other?

Firms competing against one another in several markets engage in:

_____ is the extent to which the firm's tangible and intangible resources compare favorably to a competitor's in terms of type and amount?

Which of the following is a prerequisite to any competitive action or response taken by a firm?

Awareness tends to be greatest when?

Which of the following concerns the firm's incentive to take action or to respond to a competitor's attack, relates to perceived gains and losses?

Ability relates to what?

Which of the following is an example of resource dissimilarity?

Which of the following is a strategic or tactical action the firm takes to build or defend its competitive advantages or improve its market position?

What is a competitive response?

When must firms recognize the differences between strategic and tactical actions and responses and develop an effective balance between them?

When a firm takes an initial competitive action to build or defend its competitive advantages or to improve its market position it is engaging in what?

Which of the following about First Movers is NOT true?

Which of the following is a firm that responds to the first mover's competitive action, typically through imitation?

What exists when the firm's products meet or exceed customers' expectations?

Timeliness, courtesy, consistency, and convenience constitute which of the following?

Three of the following are triggers for a firm to respond to a competitors action, one is not, which is not?

In the context of competitive rivalry, an actor is what?

The ongoing actions and responses among all firms competing within a market for advantageous positions is what?

This is a strategy that specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets?

Which of the following is a primary form of corporate-level strategy?

When is a firm related through its diversification?

What is a corporate-level strategy wherein the firm generates 95 percent or more of its sales revenue from its core business area called?

What strategy is being used when the firm generates between 70 and 95 percent of its total revenue within a single business area?

A highly diversified firm that has no relationships between its businesses follows which strategy?

What are cost savings a firm creates by successfully sharing resources and capabilities or transferring one or more corporate-level core competencies that were developed in one of its businesses to another of its businesses?

How can firms can create operational relatedness?

What are complex sets of resources and capabilities that link different businesses, primarily through managerial and technological knowledge, experience, and expertise called?

One of these is how managers facilitate the transfer of corporate-level core competencies, which of these is utilized?

When does market power exist?

What term is used when a company produces its own inputs (backward integration) or owns its own source of output distribution (forward integration)?

What strategy is commonly used in the firm's core business to gain market power over rivals?

What does one call cost savings which are realized through improved allocations of financial resources based on investments inside or outside the firm?

One of the following prohibits mergers that created increased market power, which is it?

Liquid financial assets for which investments in current businesses are no longer economically viable are call what?

As a firm's product line is threatened, what strategy may the firm employ?

What exists when the value created by business units working together exceeds the value that those same units create working independently?

In terms of customers, when selecting a business-level strategy, the firm determines what?

One of the following is used to describe how the firm will create, deliver, and capture value, which is it?

Walmart follows a low-cost strategy. Which of the following is most accurate and enables them to follow this strategy?

Firms competing against one another in several markets engage in what?

Which of the following about First Movers is NOT true? a first mover is a firm that takes an initial competitive action to build or defend its competitive advantages or to improve its market position

Three of the following are triggers for a firm to respond to a competitors action, one is not, which is not? the actions leads to better use... the action damages the firm's ability... the firm's market position becomes harder to defend

One of these is how managers facilitate the transfer of corporate-level core competencies, which of these is utilized? by moving key people into new mangement positions