Podcast
Questions and Answers
What was Apple's strategic focus in 1996 under Gilbert F.Amelio's leadership?
What was Apple's strategic focus in 1996 under Gilbert F.Amelio's leadership?
- Investing in traditional advertising methods
- Expanding retail stores globally
- Leveraging the Internet and developing multimedia products and services (correct)
- Focusing on increasing hardware prices
What is a key element of a firm's strategic plan?
What is a key element of a firm's strategic plan?
- Building a large social media following
- Having a viable business model (correct)
- Growing the number of physical stores
- Creating flashy marketing campaigns
Why is it important for a firm to sell goods or services for more than it costs to create them?
Why is it important for a firm to sell goods or services for more than it costs to create them?
- To increase customer satisfaction
- To reduce production costs
- To decrease market share
- To earn profits (correct)
What does a business model entail according to the text?
What does a business model entail according to the text?
What advantage do large chains of pizza restaurants like Papa John's and Domino's have?
What advantage do large chains of pizza restaurants like Papa John's and Domino's have?
Which company's subsequent success can be traced back to the plan articulated in 1996 by Gilbert F.Amelio?
Which company's subsequent success can be traced back to the plan articulated in 1996 by Gilbert F.Amelio?
What was released by Apple on March 2, 2011?
What was released by Apple on March 2, 2011?
In the context of the text, what does the term ‘strategic management’ refer to?
In the context of the text, what does the term ‘strategic management’ refer to?
Why is strategic management important?
Why is strategic management important?
What are the learning objectives outlined after reading Chapter 1 of the book?
What are the learning objectives outlined after reading Chapter 1 of the book?
Why is March 2, 2011, highlighted in the text as significant for Apple?
Why is March 2, 2011, highlighted in the text as significant for Apple?
What is NOT a concern related to strategic management?
What is NOT a concern related to strategic management?
Why is creativity considered important in strategic management?
Why is creativity considered important in strategic management?
What is the main focus of strategic management?
What is the main focus of strategic management?
What does strategic management examine?
What does strategic management examine?
Why does the text mention that mastering strategy is part art and part science?
Why does the text mention that mastering strategy is part art and part science?
What are the 5 Ps of strategy mentioned in the text?
What are the 5 Ps of strategy mentioned in the text?
Why is it valuable to consider different definitions of strategy?
Why is it valuable to consider different definitions of strategy?
What strategic element did Hannibal use to outmaneuver the Romans?
What strategic element did Hannibal use to outmaneuver the Romans?
Why were the Romans caught unprepared when Hannibal crossed the Alps?
Why were the Romans caught unprepared when Hannibal crossed the Alps?
How did Hannibal's strategic ploy help him achieve victory over the Romans?
How did Hannibal's strategic ploy help him achieve victory over the Romans?
Why was the pizzeria owner in Pennsylvania arrested in 2011?
Why was the pizzeria owner in Pennsylvania arrested in 2011?
Which statement accurately describes the strategic ploy used by the pizzeria owner?
Which statement accurately describes the strategic ploy used by the pizzeria owner?
What could have been the consequences for the rival pizza shops if the mouse ploy had not been discovered?
What could have been the consequences for the rival pizza shops if the mouse ploy had not been discovered?
What is an intended strategy?
What is an intended strategy?
What is the relationship between an intended strategy and a strategic plan?
What is the relationship between an intended strategy and a strategic plan?
What was Frederick Smith's class project at Yale about?
What was Frederick Smith's class project at Yale about?
Why is Frederick Smith mentioned in the text?
Why is Frederick Smith mentioned in the text?
What is the current rank of FedEx among the World's Most Admired Companies?
What is the current rank of FedEx among the World's Most Admired Companies?
Why did Frederick Smith's personal wealth increase significantly?
Why did Frederick Smith's personal wealth increase significantly?
Flashcards are hidden until you start studying
