Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the blue ocean strategy?
What is the blue ocean strategy?
- Competing with rivals in the same market
- Collaborating with competitors in untapped areas
- Creating a new market space and making the competition irrelevant (correct)
- Expanding into international markets
What is organic growth?
What is organic growth?
- Growth that is solely based on partnerships and alliances
- Growth that is achieved through mergers and acquisitions
- Growth that requires external funding or acquisitions
- Growth that displays management's ability of resource utilization without external funding or acquisitions (correct)
How can small/new firms overcome the liability of newness and smallness?
How can small/new firms overcome the liability of newness and smallness?
- By leveraging networks and building alliances (correct)
- By conforming to norms
- By acquiring other small firms
- By focusing on external factors
