MGT 8803 - Business Strategy -LATEST update QUESTIONS AND ANSWERS 100% CORRECT - Georgia Institute Of Technology

MGT 8803 - Business Strategy {LATEST
2026 -2027 update} QUESTIONS AND
ANSWERS 100% CORRECT - Georgia
Institute Of Technology


Design factors: Cost Leadership - correct answer -highly efficient


-minimum overhead


-operational excellence, efficient supply chains, technology, & vendor rationalization


-minimal organizational frills


-minimum marketing cost


-standardized products


-low inputs & labor costs




Examples: Cost Leadership - correct answer SWA


Timex


Aldi

,Mcdonald's


Wal-Mart


Dollar Stores


Zara


Acer




Design factors: Differentiation - correct answer -higher quality products


-innovative design


-technological capability


-high cost inputs


-customer experience


-emphasis on R&D


-high marketing cost


-extraordinary customer service

,Examples: Differentiation - correct answer Zappos


BMW


Whole Foods


Coca-Cola


Hilton


Dillard's


Tommy Bahama


LA Fitness




Design factors: Focus - correct answer -either cost leadership OR differentiation


-cost leadership harder to achieve due to smaller economies of scale and purchasing


volume


-must provide something "extra"




Examples: Focus - correct answer Rolls Royce

, Neiman Marcus


Louis Vuitton


Lefty's


Harley Davidson


Ritz Carlton




AFI Framework - correct answer Analysis - Formulate - Implement


*traditional top-down approach


*predictable, stable environments




External Analysis - correct answer environmental trends & actions of industry players


that impact the firm's markets & operations




Internal Analysis - correct answer analyzes the firm's resources & business model


and fit to the evolving environmental conditions & competitor strategies