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WPC 480 Final Exam – Questions and Answers
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Three dimensions of corporate strategy - Answer-1. Vertical Integration 2. Diversification 3. Geographic Scope Make or Buy continuum - Answer-Establishes the boundary of the firm. Arrangements between firms that involve the sharing of resources and capabilities with the intent of developing ...

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  • October 21, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wpc 480 final exam questions and answers
  • three dimensions of corporate strategy answer 1

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  • WPC 480
  • WPC 480

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WPC 480 Final Exam – Questions and
Answers
Three dimensions of corporate strategy - Answer-1. Vertical Integration
2. Diversification
3. Geographic Scope


Make or Buy continuum - Answer-Establishes the boundary of the firm. Arrangements
between firms that involve the sharing of resources and capabilities with the intent of
developing processes or products

Vertical Integration - Answer-The firm's ownership of the inputs needed for production or
of the channels through which it distributes its outputs through the value chain.

Backward Vertical Integration - Answer-moving ownership of activities upstream to the
originating inputs of the value chain

Forward Vertical Integration - Answer-moving ownership of activities closer to the end
customer

Diversification - Answer-An increase in the variety of products and services a firm offers
or markets and the geographic regions in which it competes.

Product Strategy Diversification - Answer-Corporate strategy in which a firm is active in
several different product markets.

Geographic Diversification Strategy - Answer-Corporate strategy in which a firm is
active in several different countries.

The Core-Competence Market Matrix - Answer-a framework to guide corporate
diversification strategy by analyzing possible combinations of existing/new core
competencies and existing/new markets

BCG Matrix - Answer-a means of evaluating strategic business units on the basis of (1)
their business growth rates and (2) their share of the market

Build-Borrow-Buy Framework - Answer-Conceptual model that aids firms in deciding
whether to pursue internal development (build), enter a contractual arrangement or
strategic alliance (borrow), or acquire new resources, capabilities, and competencies
(buy).

Types of Diversification - Answer-Related-
Unrelated -

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