Business Strategy

 Essay on Business Strategy

Name_________________________________

Northeastern University

MGT 4750 Winter2011

Test two

A. Multiple choice (Each correct solution is worth a couple of points. ) First go through what the query is asking... then draw the single best solution for each.

1 ) While there are numerous routes to sustainable competitive advantage, each of them involve A)building a brand term image that buyers trust.

B)delivering superior benefit to potential buyers and building competencies and resource strong points in performing value chain activities that rivals are unable to readily match. C)achieving cut costs than rivals and becoming the industry's product sales and business leader. D)finding effective and efficient approaches to strengthen you can actually competitive assets and to lessen its competitive liabilities. E)getting in the greatest strategic group and dominating it.

2 . Business strategy alternatives for varied companies incorporate A)broadening you’re able to send business range by making new acquisitions in new industrial sectors. B)divesting weak-performing businesses and retrenching into a narrower foundation of business operations. C)restructuring the company's organization lineup with a combination of divestitures and new acquisitions to put a whole fresh face for the company's business makeup. D)pursuing growth opportunities within the existing business lineup. E)All of these.

3. The most important and most crucial differences among the list of competitive strategies of different businesses boil down to A)how each goes about creating a brand name photo that customers trust and whether they can be a risk-taker or risk-avoider. B)the different ways that companies try to cope with the five competitive forces. C)whether a business market target is extensive or narrow and if the company is usually pursuing a competitive benefit linked to low cost or difference. D)the types of actions businesses take to boost their competitive assets and reduce all their competitive financial obligations. E)the relative emphasis they will place on attacking versus protective strategies.

4. The most crucial strategy-making assistance that comes from drawing a 9-cell industry attractiveness-competitive strength matrix is A)which businesses inside the portfolio have most prospect of strategic match and resource fit. B)why cash cow businesses are more valuable than cash hog businesses. C)that corporate resources should be concentrated on those businesses savoring both a better degree of industry attractiveness and competitive power, and that businesses having low competitive durability in comparatively unattractive industries should be viewed for feasible divestiture. D)which businesses have the biggest competitive advantages and which ones face serious competitive disadvantages. E)which businesses are in industries with profitable benefit chains and which are in industries with money-losing benefit chains.

your five. The universal types of competitive approaches include

A)build market share, maintain market share, and slowly surrender market share. B)offensive strategies and defensive tactics.

C)low-cost provider, extensive differentiation, best-cost provider, concentrated low-cost, and focused differentiation. D)low-cost/low value strategies, high-quality/high price approaches, and method quality/medium value strategies. E)price leader strategies, price fans strategies, technology leader approaches, first-mover approaches, offensive approaches, and protecting strategies.

6. The essential purpose of calculating competitive durability scores for every single of a varied company's sections is to A)rank the business unit from best to worst when it comes to potential for price reduction and profit margin improvement. B)determine how strongly positioned every business product is in...

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