WPC 480 Final Exam UPDATED ACTUAL Questions And Correct Answers
Terms in this set (48)
Analysis (AFI Framework) 1. Strategic Problem Statement
2. Industry Definition
3. External Analysis
4. Internal Analysis
5. SWOT
Formulation (AFI Framework) 1. Business Strategies: Cost Leadership or Differentiation
2. Corporate Strategies
3. Global Strategy
Cost Leadership Cost Drivers 1. Input Factors
2. Economies of Scale
3. Learning Curve
4. Experience Curve
Differentiation Value Drivers 1. Customer Service
2. Product Features
3. Complements
Implement (AFI) 1. Organizational Design
2. Corporate Governance & Business Ethics
External Analysis 1. PESTEL Analysis (Political, Economics, Social, Technology,
Ecology, and Legal)
2. 5 Forces
3. Conclusion (Attractive or Unattractive)
Internal Analysis 1. Resource
2. VRIO compared to rival
3. Conclusion
Corporate Strategies answer what? Where
Vertical Integration Corporate strategy. Upstream: towards inputs
Downstream: Towards customer
Diversification Corporate Strategy. Could be done with new product, new geographic presence,
or product market (new product, new market)
Geographic Scope Corporate Strategy: scope of the geographic area to be covered by company
Strategic Alliances Corporate Strategy. Can be non-equity, equity, or joint venture.
Terms in this set (48)
Analysis (AFI Framework) 1. Strategic Problem Statement
2. Industry Definition
3. External Analysis
4. Internal Analysis
5. SWOT
Formulation (AFI Framework) 1. Business Strategies: Cost Leadership or Differentiation
2. Corporate Strategies
3. Global Strategy
Cost Leadership Cost Drivers 1. Input Factors
2. Economies of Scale
3. Learning Curve
4. Experience Curve
Differentiation Value Drivers 1. Customer Service
2. Product Features
3. Complements
Implement (AFI) 1. Organizational Design
2. Corporate Governance & Business Ethics
External Analysis 1. PESTEL Analysis (Political, Economics, Social, Technology,
Ecology, and Legal)
2. 5 Forces
3. Conclusion (Attractive or Unattractive)
Internal Analysis 1. Resource
2. VRIO compared to rival
3. Conclusion
Corporate Strategies answer what? Where
Vertical Integration Corporate strategy. Upstream: towards inputs
Downstream: Towards customer
Diversification Corporate Strategy. Could be done with new product, new geographic presence,
or product market (new product, new market)
Geographic Scope Corporate Strategy: scope of the geographic area to be covered by company
Strategic Alliances Corporate Strategy. Can be non-equity, equity, or joint venture.
