Making comparisons between a firm and its most direct rivals is useful because firms within the same strategic industry group have _______ strategies. Select one: a. relative b. different c. similar d. the same
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- Compare and contrast SWOT and SOAR strategic analysis tools. In your opinion, which of the two is a better option for conducting strategic analysis. Justify your opinion using practical examples.The common types of valuable resources and competitive capabilities that management should consider when crafting a strategy include A) valuable physical and intangible assets. B) valuable human assets and intellectual capital. C) All of these. D) valuable organizational assets and competitively valuable alliances. E) a skill, specialized expertise, or competitively important capability.The strategic management process is shaped by A) external factors such as the industry's economic and competitive conditions and internal factors such as the company's collection of resources and capabilities. B) a company's customer value proposition and profit formula. C) the decisions made by the compensation and audit committees of the board of directors. D) the competitive actions of competing firms. E) actions to strengthen competitive capabilities and correct weaknesses.
- Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.James company focuses on Gross by coordinating activities and transferring resources among its various business units. Anna's company competes through her products and business units. Zoe's company focuses on capabilities among product lines and business units and uses that in competition Gabrielle's company has an orientation toward growth please search companies keeps acquiring new businesses in the same industry what type of strategy for each? portfolio strategy, corporate strategy, directional strategy and concentric diversificationAssess the view that strategic analysis is of little value to businesses that operate in a fast changing and competitive environment. Support your answer by references to businesses you have studied
- Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.Indicate whether the statement is true or false. One of the benefits of strategic management is a clearer sense of strategic vision for the firm.Suppose you have been appointed as the CMO (Chief Marketing Officer) of Walton Bd (the electronic giant of the country) and the management wants you to give a presentation on the strategies you will follow for minimizing the strategic planning gap of the company. So what strategies will you include in your presentation ? Relevant examples will be appreciated. *
- Understanding the common vocabulary used in strategic management is important to theapplication of its concepts.Required:b. Choose any organisation of your choice and employ the “SWOT Matrix” to demonstratethe current strategic position of the organization and clearly indicate the strategy optionsavailable to help match that organization’s internal environmental elements against itsexternal environmental elements.A winning strategy is one that A) results in a company becoming the dominant industry leader. B) fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. C) builds strategic fit, is socially responsible, and maximizes shareholder wealth. can pass the ethical standards test, the strategic intent test, and the profitability test. D) is highly profitable and boosts the company's market share.Write two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.