Strategic Management Flashcards
(35 cards)
What strategies tend to be bottom-up?
Emergent Strategies
The “threat of participation” is NOT a part of what framework?
Porter’s Five Forces Framework
A company’s mission is….
The reason for existence of the company
When should you use an industry analysis?
To improve a firm’s positioning within an industry.
To identify a suitable positioning for the firm
To identify an industry for entry
What assertions are a source of First Mover Advantage?
Buyer switching costs
Technological leadership
Preemption of assets
When a resource is hard to copy it is….
Strategically Valuable
In VRIO, I stands for…
Costly to imitate
SWOT allows you to…
apply VRIO to determine strengths and weaknesses
What are the threats of outperformance?
Slack,Imitation, Substitution, Holdup
Value Chain Analysis allows you to…
A. Identify operational bottlenecks
B. Identify competitive advantages
C. Identify social costs
What strategy can be used by any organization regardless of industry context?
Generic Strategy
Two examples of cost drivers in value chains are?
Learning and linkages
How do firms achieve and sustain competitive advantage?
Provide a great offering and execute well the processes and activities that deliver the offering
What is a Complementor in Value Net Analysis?
Complementor adds value to your product and without it, your product is worth less.
What is the fundamental question of cooperative interaction?
How can I work with others to make the pie bigger?
A vertical added value matrix between the parent company and it’s business is called?
The Heartland Matrix
What is the Growth-share matrix?
A business to business matrix analysis. Cash Cow, Dogs, Stars, Question Marks
Risk-taking is NOT
A motive for diversification
What are motives for diversification?
Economy of Scope Growth Parenting advantage Risk Reduction Strategic control
Strategies for Unrelated Diversification
Portfolio Management
Restructuring
Strategies for Related Diversification
Transferring skills
Sharing activities
A “Ballast” business in Heartland Matrix is?
a firm does NOT see a parenting opportunity for improving the business, but may get its success factors.
When is it best to favor an alliance over an acquisition?
When a collaboration’s outcome is highly uncertain.
Why do markets assign lower values to conglomerates that engage in business outside of their core values?
Those conglomerates are more difficult to monitor
The economies of scope are frequently smaller than the additional coordination costs
