How does a blue ocean strategy relate to the baseball advice of Willie Keeler?
Give this one a try later!
"Hit 'em where they ain't."
In other words, hit the baseball where there are no fielders rather than
trying to overwhelm the fielders with a ball hit directly at them.
What are forward integration and backward integration?
Give this one a try later!
, backward vertical integration - A strategy that involves a buyer entering the
industry from which it purchases goods or services.
forward vertical integration - A strategy that involves a supplier entering the
industry to which it supplies inputs.
What is a first-mover advantage?
Give this one a try later!
When the initial move into a market allows a company to establish a
dominant position that other companies struggle to overcome.
Why are capabilities important?
Give this one a try later!
Because they are how organizations capture the potential value that
resources offer.
True or false. Resources are about what a company can do while capabilities are
about what a company owns. Explain.
Give this one a try later!
False. Capabilities are what the organization can do based on the
resources it possesses.
, Strategic Alliance
Give this one a try later!
A cooperative arrangement between two or more organizations that does
not involve the creation of a new entity.
What is the value chain?
Give this one a try later!
A tool that charts the path by which products and services are created and
eventually sold to customers.
How does environmental determinism differ from enactment?
Give this one a try later!
Environmental determinism - Says organizations are limited to adapt to
conditions around them
Enactment - Says that organizations are able to adapt to the conditions
around them
Acquired Core Competencies
Give this one a try later!
Give this one a try later!
"Hit 'em where they ain't."
In other words, hit the baseball where there are no fielders rather than
trying to overwhelm the fielders with a ball hit directly at them.
What are forward integration and backward integration?
Give this one a try later!
, backward vertical integration - A strategy that involves a buyer entering the
industry from which it purchases goods or services.
forward vertical integration - A strategy that involves a supplier entering the
industry to which it supplies inputs.
What is a first-mover advantage?
Give this one a try later!
When the initial move into a market allows a company to establish a
dominant position that other companies struggle to overcome.
Why are capabilities important?
Give this one a try later!
Because they are how organizations capture the potential value that
resources offer.
True or false. Resources are about what a company can do while capabilities are
about what a company owns. Explain.
Give this one a try later!
False. Capabilities are what the organization can do based on the
resources it possesses.
, Strategic Alliance
Give this one a try later!
A cooperative arrangement between two or more organizations that does
not involve the creation of a new entity.
What is the value chain?
Give this one a try later!
A tool that charts the path by which products and services are created and
eventually sold to customers.
How does environmental determinism differ from enactment?
Give this one a try later!
Environmental determinism - Says organizations are limited to adapt to
conditions around them
Enactment - Says that organizations are able to adapt to the conditions
around them
Acquired Core Competencies
Give this one a try later!
