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WPC 480 FINAL STRATEGIC MANAGEMENT QUESTIONS WITH CORRECT ANSWERS

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WPC 480 FINAL STRATEGIC MANAGEMENT QUESTIONS WITH CORRECT ANSWERS

Institution
WPC 480
Course
WPC 480

Content preview

Downscoping


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A divestiture, spin-off or other means of eliminating businesses unrelated to
a firm's core businesses




Cash Cow


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high market share in a slow-growing industry




Competitor Environment

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Focused on predicting the dynamics of competitors' actions, responses and
intentions




To better predict competitor actions, companies evaluate competitors


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future objectives, current strategies, assumptions, and capabilities




Resources:


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alone do not yield a competitive advantage
are combined to create capabilities




keys to determining how to respond to competitor actions


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motivation and ability




Product Characteristics

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➢ Relatively standardized (commoditized) products ➢ Features broadly
acceptable to many customers
➢ Lowest competitive price




market speed


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drives actions and responses




Structural stability


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provides the capacity required to consistently and predictably manage
daily work routines




Competitive actions


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likelihood of attack, response




Star

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high market share in a fast-growing industry




To prevent managerial opportunism


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principals establish governance and control mechanisms




Example of inherent conflicts between stakeholder groups


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the importance of environmental concerns




forward integration


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a firm operates its own distribution system for delivering its outputs




Cost Minimization Management Approach


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Institution
WPC 480
Course
WPC 480

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Uploaded on
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Number of pages
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Written in
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Type
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