VSB 4002 Test Questions & Answers 2024/2025
Strategy - ANSWERSthe overall plan for deploying resources to establish a favorable positions
Business Strategy - ANSWERSHow are you going to compete
Corporate Strategy - ANSWERSWhere do you want to compete
Business Model vs. Business Strat...
Strategy - ANSWERSthe overall plan for deploying resources to establish a favorable positions
Business Strategy - ANSWERSHow are you going to compete
Corporate Strategy - ANSWERSWhere do you want to compete
Business Model vs. Business Strategy - ANSWERSStrategy -How you will do better than your rivals
Model - How we run our business
Shareholders vs Stakeholders - ANSWERSShareholders own shares in the business, stakeholders are any
group that has an influence or interest in the company
3 Key Changes over the History of Business Strategy - ANSWERS1. Changing concept of strategy
2. Changing processes of strategy formulation
3. New tools of strategy analysis
Strategy vs Tactics - ANSWERSStrategy - overall play for deploying resources to establish a favorable
position
Tactic- a scheme for a specific maneuver
Characteristics of strategic decisions - ANSWERS1. important
2. involve a significant commitment of resources
3. not easily reversible
, Strategy: The Firm - ANSWERS1. Goals & Values
2. Resources and Capabilities
3. Structure and systems
Strategy: Industry Environment - ANSWERS1. competitors
2. customers
3. suppliers
Industry Attractiveness - ANSWERSWhich businesses should we be in?
Competitive Advantage - ANSWERSHow should we compete?
Rate of Profit Above the Cost of Capital - ANSWERSHow do we make money?
Simple definition of a business model - ANSWERSHow do we run our business, how do we make money
in this business, how does the firm create and deliver value
Strategy explains how you will do better than your _______ - ANSWERSRivals
Enterprise value - ANSWERSmarket capitalization of equity + market value of debt
Reasons for preferring maximization of enterprise value over maximization - ANSWERS1. Not always easy
to distinguish debt from equity
2. Shareholder value maximization has become discredit by its misapplication by managers
Shareholder apporach - ANSWERSfirms exist to maximize the wealth of its owners
Stakeholder approach - ANSWERSfirm is a coalition of interest groups, must create value for them all
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