Podcast
Questions and Answers
What is a strategy in an organization?
What is a strategy in an organization?
- A general approach to decision-making without specific goals
- A set of random decisions and actions taken by managers
- A rigid set of rules and regulations for employees
- A specific pattern of decisions and actions taken by managers to achieve a competitive advantage (correct)
What are core competences in an organization?
What are core competences in an organization?
- General skills possessed by an organization's functional personnel
- Specific resources that are easily imitated by competitors
- Skills and abilities that have no impact on value creation activities
- Skills and abilities in value creation activities that allow a company to achieve superior efficiency, quality, innovation, or customer responsiveness (correct)
What contributes to the strength of an organization's core competences?
What contributes to the strength of an organization's core competences?
- The number of employees in the organization
- The size of the organization
- The amount of revenue generated by the organization
- The specialized resources and coordination abilities that it possesses (correct)
What are functional resources in an organization?
What are functional resources in an organization?
Why is it not sufficient for an organization to have high-quality functional resources?
Why is it not sufficient for an organization to have high-quality functional resources?
What are organizational resources in an organization?
What are organizational resources in an organization?
What is the primary focus of coordination ability in an organization?
What is the primary focus of coordination ability in an organization?
Which of the following is NOT a way for an organization to create value through global expansion?
Which of the following is NOT a way for an organization to create value through global expansion?
At which organizational level is strategy formulated to position the organization for competitive advantage in its specific segment of the industry?
At which organizational level is strategy formulated to position the organization for competitive advantage in its specific segment of the industry?
What is the strategic goal of each function within an organization?
What is the strategic goal of each function within an organization?
What is the responsibility of corporate-level managers in a multi-business organization?
What is the responsibility of corporate-level managers in a multi-business organization?
What does business-level strategy focus on selecting?
What does business-level strategy focus on selecting?
What is the primary requirement for an organization to exploit its differentiation advantage?
What is the primary requirement for an organization to exploit its differentiation advantage?
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What is the main focus of functional-level strategy and structure?
What is the main focus of functional-level strategy and structure?
Why does an organization have to change its business-level strategy over time?
Why does an organization have to change its business-level strategy over time?
What is the role of an organic structure in relation to a low-cost business-level strategy?
What is the role of an organic structure in relation to a low-cost business-level strategy?
What must an organization match to create a competitive advantage?
What must an organization match to create a competitive advantage?
Which structure is best suited for an organization focused on serving the needs of different customer groups?
Which structure is best suited for an organization focused on serving the needs of different customer groups?
What cultural values help a differentiator implement its chosen strategy?
What cultural values help a differentiator implement its chosen strategy?
What is the entry into a new domain that is related in some ways to an organization’s domain called?
What is the entry into a new domain that is related in some ways to an organization’s domain called?
What strategy involves an organization taking over and owning its suppliers or distributors?
What strategy involves an organization taking over and owning its suppliers or distributors?
What company strategy is oriented towards local responsiveness with divisions in each country?
What company strategy is oriented towards local responsiveness with divisions in each country?
What kind of structure is best suited for managing a global business?
What kind of structure is best suited for managing a global business?
What does vertical integration strategy involve?
What does vertical integration strategy involve?
What is the value creation advantage of related diversification?
What is the value creation advantage of related diversification?
What are the four principal strategies companies can use as they begin to market their products and establish production facilities abroad?
What are the four principal strategies companies can use as they begin to market their products and establish production facilities abroad?
What cultural values must organzations develop if they pursue a low-cost strategy?
What cultural values must organzations develop if they pursue a low-cost strategy?
What is the main drawback of the product group structure in implementing a transnational strategy?
What is the main drawback of the product group structure in implementing a transnational strategy?
In an international strategy using a global product group structure, what is the responsibility of product group managers?
In an international strategy using a global product group structure, what is the responsibility of product group managers?
What is the primary advantage of a global matrix structure in implementing a transnational strategy?
What is the primary advantage of a global matrix structure in implementing a transnational strategy?
Why does a company with a wide range of products use a global product group structure in an international strategy?
Why does a company with a wide range of products use a global product group structure in an international strategy?
What is a significant disadvantage of the global matrix structure in implementing a transnational strategy?
What is a significant disadvantage of the global matrix structure in implementing a transnational strategy?
How does the product group structure reduce transaction costs in managing operations across countries and world regions?
How does the product group structure reduce transaction costs in managing operations across countries and world regions?
What is the role of a global matrix structure in implementing a global strategy?
What is the role of a global matrix structure in implementing a global strategy?
Why is a product group structure considered weak in responsiveness to customers in implementing a transnational strategy?
Why is a product group structure considered weak in responsiveness to customers in implementing a transnational strategy?
What is the focus of a company implementing a global strategy using a global product group structure?
What is the focus of a company implementing a global strategy using a global product group structure?
What does a company using a global strategy primarily achieve by locating its manufacturing and value chain activities at global locations?
What does a company using a global strategy primarily achieve by locating its manufacturing and value chain activities at global locations?
