Podcast
Questions and Answers
What is the primary focus of Porter's work?
What is the primary focus of Porter's work?
- Competitive strategy and industry analysis (correct)
- Transaction cost economics and governance structures
- Organizational theory and economic principles
- Dynamic capabilities and intangible resources
Which of the following researchers is associated with the concept of dynamic capabilities?
Which of the following researchers is associated with the concept of dynamic capabilities?
- Porter
- Coase and Williamson
- Penrose (correct)
- All of the above
What is the main concern of transaction cost economics?
What is the main concern of transaction cost economics?
- Evaluating the role of intangible resources in strategy formulation
- Examining the choice of governance structures and outsourcing (correct)
- Analyzing industry attractiveness and competitive intensity
- Developing effective strategies for competitive advantage
What is the purpose of Porter's five forces framework?
What is the purpose of Porter's five forces framework?
Which researcher is known for combining theoretical analysis with empirical research?
Which researcher is known for combining theoretical analysis with empirical research?
What is the primary concern of Penrose's work?
What is the primary concern of Penrose's work?
What is the primary focus of Ansoff's approach to strategic management?
What is the primary focus of Ansoff's approach to strategic management?
What are the three levels of action identified by Ansoff in his book Corporate Strategy?
What are the three levels of action identified by Ansoff in his book Corporate Strategy?
What is the primary focus of Penrose's resource-based view of the firm?
What is the primary focus of Penrose's resource-based view of the firm?
What is one of the five strategic decisions identified by Ansoff?
What is one of the five strategic decisions identified by Ansoff?
What is the purpose of the Ansoff matrix?
What is the purpose of the Ansoff matrix?
What is a key aspect of a company's strategy?
What is a key aspect of a company's strategy?
On how many levels does a company's strategy provide direction and guidance?
On how many levels does a company's strategy provide direction and guidance?
What is the focus of the strategic level of action identified by Ansoff?
What is the focus of the strategic level of action identified by Ansoff?
What is a key goal of a company's strategy?
What is a key goal of a company's strategy?
Why does mimicking successful industry rivals' strategies rarely work?
Why does mimicking successful industry rivals' strategies rarely work?
What should a company's strategy aim to do in terms of market position?
What should a company's strategy aim to do in terms of market position?
What does a company's strategy need to do to succeed?
What does a company's strategy need to do to succeed?
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