TECEP

Question 1

A company’s strategy emerges from a blend of these two factors

Answer 1

1

Question 2

What is a company’s business model?

Answer 2

1

Question 3

What are the characteristics of a winning strategy?

Answer 3

1

Question 4

Why are crafting and executing strategy top priority managerial tasks?

Answer 4

1

Question 5

What 3 questions distinguish a winning strategy from a flawed one?

Answer 5

1

Question 6

What are two additional criteria for evaluating a company’s strategy?

Answer 6

1

Question 7

What are the 4 most frequently used and dependable strategic approaches to earn a competitive advantage?

Answer 7

1

Question 8

What are the five phases of crafting and executing a company’s strategy?

Answer 8

2

Question 9

What is a strategic plan composed of?

Answer 9

2

Question 10

What are the two objectives that need to be set to measure company performance?

Answer 10

2

Question 11

What does a balanced scorecard do?

Answer 11

2

Question 12

What are the 3 levels of strategy for a single-business enterprise?

Answer 12

2

Question 13

What are the 4 levels of a strategy in diversified, multibusiness companies?

Answer 13

2

Question 14

Describe the typical strategy-making task

Answer 14

2

Question 15

What phase of strategy management process is a trigger point for deciding whether to continue or change?

Answer 15

2

Question 16

What are the six things successful managers must do to lead good strategy execution and operational excellence?

Answer 16

2

Question 17

What are the four main roles of a board of directors?

Answer 17

3

Question 18

What 7 questions must be asked to assess a company’s external situation?

Answer 18

3

Question 19

What must be considered in identifying an industry’s dominant features?

Answer 19

3

Question 20

What five forces compose the strength of competition?

Answer 20

3

Question 21

What are the two aspects to matching competitive pressures to a company’s strategy?

Answer 21

3

Question 22

What are the two phases of driving forces analysis?

Answer 22

3

Question 23

What are the most common driving forces?

Answer 23

3

Question 24

What areas does a strategic group mapping analyze?

Answer 24

3

Question 25

What is involved with anticipating rivals' strategic moves?

Answer 25

3

Question 26

What are the elements of an industry's key success factors?

Answer 26

3

Question 27

What should be the goal of company's strategists?

Answer 27

3

Question 28

What determines an industry's attractiveness?

Answer 28

3

Question 29

What can a company do if a competitior concludes an industry is unattractive?

Answer 29

3

Question 30

What is the best option for a competitively weak company in an unattractive industry?

Answer 30

3

Question 31

What are the five key questions to consider in analyzing a company's own particular competitive circumstances?

Answer 31

4

Question 32

What are the elements of evaluating a strategy qualitatively? Quantitatively?

Answer 32

4

Question 33

What two factors determine a shift of strategy being needed?

Answer 33

4

Question 34

What does a SWOT analysis provide? What are its two most important parts?

Answer 34

4

Question 35

Why are a company's resource strengths, competencies and competitively capabilities strategically relevant?

Answer 35

4

Question 36

What tools can be used to measure a company's financial competitiveness?

Answer 36

4

Question 37

What does a value chain analysis teach?

Answer 37

4

Question 38

What are the elements of a company's "worry list"? What is its purpose?

Answer 38

4

Question 39

What is the benefit of a competently done evaluation of a company's situation?

Answer 39

4

Question 40

What must a company do to effectively employ a low-cost provider strategy?

Answer 40

5

Question 41

When do low-cost provider strategies work well?

Answer 41

5

Question 42

How do broad differentiation strategies produce a competitive edge?

Answer 42

5

Question 43

What does successful differentiation allow a company to do?

Answer 43

5

Question 44

When do differentiation strategies work best?

Answer 44

5

Question 45

When is a differentiation strategy doomed?

Answer 45

5

Question 46

What are the elements of a best cost provider strategy?

Answer 46

5

Question 47

What does a best-cost provider strategy entail?

Answer 47

5

Question 48

What markets does a best cost provider strategy work in?

Answer 48

5

Question 49

How does a focus strategy deliver competitive advantage?

Answer 49

5

Question 50

When does a focused strategy work?

Answer 50

5

Question 51

What are the benefits of strategic alliances?

Answer 51

6

Question 52

How can a company's competitiveness be enhanced via merger or acquisition?

Answer 52

6

Question 53

When does a vertical integration make strategic sense?

Answer 53

6

Question 54

What are the drawbacks to vertical integration?

Answer 54

6

Question 55

When can outsourcing enhance a company's competitiveness?

Answer 55

6

Question 56

What are 6 types of industry environments?

Answer 56

6

Question 57

What 4 situations are advantageous for late-movers?

Answer 57

6

Question 58

What are 4 strategic issues unique to competing across national boundaries?

Answer 58

7

Question 59

What are the main strategies for competing in world markets?

Answer 59

7

Question 60

What are the benefits of strategic alliances with foreign partners?

Answer 60

7

Question 61

What is the difference between a multicountry and global competition?

Answer 61

7

Question 62

What are 3 basic options for companies that have chosen to establish international operations?

Answer 62

7

Question 63

When is a think-local, act-local strategy appropriate? What characterizes this strategy?

Answer 63

7

Question 64

When does a think-global, act-global approach work best? What characterizes this strategy?

Answer 64

7

Question 65

When can a think-global,act-local approach be used?

Answer 65

7

Question 66

What are the three ways a firm can gain competitive advantage in global markets?

Answer 66

7

Question 67

What are three requirements to be successful in emerging markets?

Answer 67

7

Question 68

Why is profitability unlikely to come easily or quickly in emerging markets?

Answer 68

7

Question 69

How can local companies in emerging country markets compete against multinational companies?

Answer 69

7