jeopardy! exam review questions chapters 4 - 6. 1. ____________ is an asset, competency, skill or...
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Jeopardy! Exam Review Questions
Chapters 4 - 6
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1. ____________ is an asset, competency, skill or knowledge that is controlled and leveraged by a corporation.
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2. ____________ is a growth strategy where two firms are joined to create an emerging entity combining the best qualities of each by emphasizing synergies.
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3. A ____________ strategy is a generic business level strategy aimed at earning above-average returns by offering unique, specialized product and/or service offerings.
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4. For 4 points total, briefly explain, in order, the resource qualities expressed in the VIRO framework.
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5. For 4 points total, list, in order, the 5 primary functions in the corporate value chain.
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6. For 4 points total, list the 4 main secondary functions in the corporate value chain.
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7. For 4 points total, list the 4 segments of the Product Life Cycle curve.
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8.Briefly explain the difference between a core competency and a distinctive competency.
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9. The __________ framework compares internal strengths and weaknesses to external opportunities and threats to develop strategies for the four resulting combinations.
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10. Firms that employ low-cost and differentiated strategies but gain advantages in either are described as being “________”.
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11. Firms employing a ________ diversification strategy tend to move into unrelated industries and are concerned with issues of cash flow & risk reduction, .
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12. Research shows that generally, ______ diversification strategies tend to be more successful than ________ strategies .
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13. For 4 points, list the 4 Marketing Mix variables.
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14. For 4 points, list the 4 Boston Consulting Group matrix segments.
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15. ______ is the last name of the Strategy researcher that developed the 5 Forces and Generic Competitive Strategy frameworks.
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16. ______ describes knowledge that is not easily communicated and transferred because it is rooted in employee experience and firm culture.
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17. ______ is a partnership of two or more firms or SBUs to achieve significant, mutually beneficial objectives.
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18. A ______ business in one where there is significant fit between parent and SBU activities, and low misfit between critical success factors and parenting characteristics.
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19. A ______ strategy is one where that initiating firm competes directly in every market segment and product category.
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20. A ______ advantage is one where a firm seeks to gain a market leadership position by developing a reputation as an innovator and pioneer in new product development and introduction.
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21. ______ is a collection of beliefs, expectations, and values learned and shared by firm members and transferred from one generation of employees to another.
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22. _________ is the rate at which a firm’s underlying resources and capabilities can be duplicated by others.
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23. _________ examines the extent of differences between mature and new technologies, and occurs when the capability base of an old technology is not applicable to the new technology.
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24. _________ is the active cooperation of firms within an industry to reduce outputs and raise prices in order to circumvent the forces of supply and demand .
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25. _________ level strategy focuses on a firm’s general attitude towards growth and allocation of resources to its SBUs.
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26. _________ level strategy focuses on a firm’s management of its product and service offerings, as well as matching these offerings to market wants and needs.
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27. In the BCG Matrix, _________ are SBUs with large market shares, but operating in low growth industries.