Mastering Strategic Analysis
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Questions and Answers

Which chapter in the book discusses the external analysis of industry structure, competitive forces, and strategic groups?

  • Chapter 3: External analysis (correct)
  • Chapter 4: Internal analysis
  • Chapter 1: What is strategy
  • Chapter 2: Strategic leadership: Managing strategy process

    • What is the AFI Strategy Framework?

  • A framework for analyzing the external environment
  • A framework for analyzing, formulating, and implementing strategies (correct)
  • A framework for implementing strategies
  • A framework for formulating business strategies

    • What is game theory?

  • A way of formulating business models
  • A way of analyzing internal resources and capabilities
  • A way of evaluating firm performance
  • A way of thinking in situations of strategic interdependence (correct)

    • What is the condition for the rule of sequential moves to apply in game theory?

    <p>Moves must be both observable and non-reversible</p> Signup and view all the answers

    What is the tool used in game theory to help identify the best strategy in a game with sequential moves?

    <p>Game tree</p> Signup and view all the answers

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