11.1 Strategy development

Question 1

This chapter extends the consideration of strategic choice from Chapter 10 and focuses on three strategic pathways:

1) organic g_____
2) a________
3) strategic a__________

Answer 1

growth
acquisition
alliance

Question 2

The underlying presumption when selecting strategy is the need to find the optimal strategic route to obtain s______ c_________ a________.

Answer 2

sustainable competitive advantage

Question 3

O______ g______ is perceived as the most risk-averse of pathways, but that comes with the risk of a slof speed of growth unless the product competitive edge allows otherwise, or in some other way deters the competition from gaining market share.

Answer 3

Organic growth

Question 4

A__________ offer the chance to gain immediate differential, but can often be hampered by culture clashes. They may also be subject to market regulation to prevent undue dominance of a geographic or product market.

Answer 4

Acquisitions

Question 5

S_______ a________ can offer many of the benefits of an acquisition but without the formal alignment of all aspects of two or more organisations.

Answer 5

Strategic alliances

Question 6

The different strategic pathways need to be considered and this chapter reminds students of a number of previously discussed tools and methods.

Strategies need to be assessed against:

• s_________ - does it meet the objectives?
• a_________ - will it satisfy stakeholder expectations?
• f_________ - will it actually work?

Answer 6

suitability
acceptability
feasibility

Question 7

Company secretaries / governance professionals need to be able to differentiate between optimal strategic p________ for their organisation. It is important to be able to recommend appropriate t______ to test and challenge whether a particular approach is optimal.

Answer 7

pathways

tools