79 Questions
What is one of the central criteria for evaluating corporate strategy?
Internal consistency
Which company is mentioned as an example of the transfer of best practices in the text?
Hewlett-Packard
What can be a reason for a corporate strategy to fail according to the text?
Weak alignment among strategic elements
Why might an organizational design be considered a weakness in a corporate strategy?
It hinders resource sharing across businesses
What is an example of sharing activities mentioned in the text?
Sharing operational resources like sales and production plants
What is the role of the corporate office in creating corporate advantage?
Resource allocation
Which factor is NOT mentioned as a part of 'Related' Firm Resources in creating corporate advantage?
Uniform compensation
What is one of the characteristics of a 'World-class management' mentioned in the text regarding corporate strategy?
Pay for performance
Which of the following is NOT cited as an aspect contributing to 'Operating excellence' in the context of corporate strategy?
Attractive industries
In the context of corporate strategy, what is the importance of 'Shared activities'?
Transfer skills
What are the key elements discussed in the Corporate Strategy Triangle?
Vision, Coordination, Organization
Which approach is NOT part of evaluating corporate strategies based on the text?
Du Pont Value driver tree
What does a 'tight fit and integration' in corporate strategy result from?
High-quality resources
Which element is NOT considered in achieving competitive advantage in corporate strategy?
Strategic control
What does the 'strategic cement that can be leveraged' refer to in the context of corporate strategy?
'Linkages' – Relatedness Approaches
What is the primary focus of Corporate Strategy according to the text?
Creating value through coordinating multimarket activities
How is Corporate Advantage defined in the text?
Obtaining a competitive edge through value creation
In the context of Corporate Strategy, what does 'Scope of the Firm' refer to?
The range of products or services offered by the firm
According to Collis & Montgomery, what is a key aspect of Corporate Strategy?
Configuration and coordination of multimarket activities
How does Corporate Strategy differ from Corporate Advantage?
Corporate Strategy is about creating value through coordination, while Corporate Advantage is about achieving a competitive edge.
Which factor is crucial to consider when evaluating corporate strategy in terms of sustainability?
Economies of Scope
What is a common challenge that organizations face when assessing if a strategy truly produces a corporate advantage?
Risks Associated with the Strategy
In the context of corporate advantage, what is the 'Window of Value Creation' primarily associated with?
Onetime value generation through restructuring
What does the concept of 'Value Creating System' encompass in the realm of corporate strategy?
Economies of Scale reducing costs
When assessing the feasibility of a corporate strategy, what aspect related to value creation is particularly crucial for sustainable success?
Ongoing value generation through critical resource exchanges
What is one way in which a 'Parent' can create value at the Corporate level through resource management?
Utilization of better information and analysis skills
How does Portfolio Management create value through 'linkages'?
Transferring skills between businesses
Which action falls under the strategy of 'Restructuring' as mentioned in the text?
Intervention to reduce costs or sell underperforming units
In the context of 'Business Linkages', what is an example of how a 'Parent' can create value through transfer of skills?
Job rotation between businesses
How does 'Corporate Strategy' aim to manage 'Linkages' between businesses according to the text?
Creation of efficient internal systems of capital allocation
What is a key resource heterogeneity between firms that can lead to differentiation potential?
Organizational Design
In the context of evaluating corporate strategy, what is the central question related to managing linkages between businesses?
Which added value does a corporate center provide?
Which factor is mentioned as crucial for firms to exploit changes faster and more efficiently?
Resource heterogeneity
What aspect should decision units seek to understand regarding the target market, according to the text?
What the customers demand
Which company's lean production system is used in the text as an example of balancing quality and costs?
Toyota
What concept refers to creating a balance between conflicting performance goals in corporate strategy?
Value Chain reconfigurations
Which term relates to the differences within decision units, such as segmentation, as mentioned in the text?
"Resource heterogeneity"
What is considered as a valuable external source that can impact corporate advantage?
"Shifts in prices"
"Sharing and Transfer of resources and capabilities" most closely relates to:
"Business Linkages"
Which factor mentioned in the text can help create differentiation potential among firms?
Resource heterogeneity between firms
Decentralization is discussed in the context of creating ____________ Advantage
Corporate
Resource Allocation aims to reduce ____________ costs
capital
Corporate Strategy involves the formation of a corporate ____________
culture
_______ control is based on price and competition of external markets for control of transaction costs
Market
The design of supporting systems is crucial to perform the ____________ role in corporate strategy
strategic
Shared activities and transfer of resources are key elements in achieving ____________ improvement
continuous
Transactions are controlled through the organization's hierarchy in _______ control
Bureaucratic
Clan control is based on standards, values, and opinion systems of employees and is suitable for organizations that behave _______
organically
Coherence involves advantages in value creating activities such as economies of scale and experience curve effects. It also includes coordination of market positions and leveraging _______
resources
The costs-benefits of coherence include economies of scope, economies of scale, synergy, and corporate value, while also considering coordination costs and incentive _______
costs
Corporate Strategy is defined as "The way a company seeks to create value through the configuration and coordination of its multimarket activities." according to Collis & Montgomery in the year ______.
2005
According to Artur Baldauf, in the Corporate Strategy Triangle, the three key elements are Vision, Goals, and ______.
Structure
In the realm of Corporate Strategy, one of the key central issues is the balance between Centralization vs. ______.
Decentralization
Artur Baldauf mentions that one of the primary roles of the Corporate Office is to act as a ______ Guardian.
Resource
In the context of Corporate Strategy, managing the Multi-business Firm involves dealing with Regulation and ______ Mechanisms.
Coordination
______ capacity
Manufacturing
Financial ______
capital
Core ______
Competence
Human ______
capital
Liquid Crystal ______
Displays
Top-Managers lead corporations through structure, processes and systems: Corporate Control (primarily via business units) Corporate Coherence (the composition of business units (portfolio) has to make sense) Bower (1970) Study: The role of corporate management at capital budgeting. Top managers do not make decisions directly, but control them over the administrative context. Functional Managers identify projects, SBU-Managers pursue promising projects. Top-Managers make final decisions. This process is controlled over the ______ context.
administrative
McKinsey 7-S Model includes Structure, Strategy, Systems, Shared Values, Skills, Style, and Staff. Which organizational structure matches the corporation? What kind of control systems? What does the corporation want to achieve? How does organizational culture look like? Do the employees have the necessary skills? Which management style is cultivated? What characteristics of employees are required? This model helps in assessing various aspects of the corporation's ______.
organization
Corporate Strategy aims to manage linkages between businesses by focusing on Portfolio Management. This approach creates value through optimizing the ______ between different business units.
linkages
In the context of Corporate Strategy, the importance of 'Shared activities' lies in creating synergy and efficiency by leveraging common resources and capabilities across different parts of the organization. This enhances overall ______ within the corporation.
coherence
According to Collis & Montgomery, a key aspect of Corporate Strategy is understanding and leveraging the firm's unique resources and capabilities to create a sustainable ______.
advantage
Corporate Strategy Prof.Dr.Artur Baldauf is from the Department of ________ at University of Bern
Management
Presentation Evaluation criteria include content, application of new learnings, structure, depth of reflection, presentation style, and formal ________
requirements
The Final Presentation includes Part 1: Introduction, External & Internal Analysis and Part 2: Strategy Formulation & ________
Implementation
The Group Number for Stadler Rail in the Final Presentation is ________
11
One of the content topics discussed in the course is 'Value driver tree based on Du Pont ________'
scheme
_______ costs for every unit decline
Coordination
Alfred D. Chandler is associated with the Evolution of the Modern Organization in the year _______
1890
_______ Organization Systems emerged in the year 1950
Decentralized
_______ is a type of leadership mentioned in the text
Holacracy
_______ is a characteristic of M-Forms related to the utilization of Integration Mechanisms
Extensive Synergies
A Single/dominant-business corporation is a characteristic of a _______ Structure
Functional
_______ is a key aspect of Corporate Strategy according to Collis & Montgomery
Linkages
The primary focus of Corporate Strategy according to the text is to achieve _______
Corporate Advantage
_______ is a type of Strategy associated with the Competitive M-Form
Related (Constrained)
Resource-sharing at Corporate and Business Levels
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free