Exam (elaborations)
WGU QGT1 Capstone Business Plan Latest Update 2024 with complete solution
- Course
- Institution
WGU QGT1 Capstone Business Plan Latest Update 2024 with complete solution
[Show more]
Seller
Follow
Content preview
WGU QGT1 Capstone Business Plan LatestUpdate 2024 with complete solution
Which of the following statements about a company's
realized strategy is true?
a. A company's realized strategy is mostly hidden to
outside view and is deliberately kept under wraps by top-
level managers.
b. A company's realized strategy is typically planned well
in advance and usually deviates little from the planned set
of actions.
c. A company's realized strategy generally changes very
little over time unless a newly appointed CEO decides to
take the company in a new direction with a new strategy.
d. A company's realized strategy is typically a blend of
deliberate and/or planned initiatives and emergent and/or
unplanned reactive strategy elements.
,e. A company's realized strategy is developed mostly on
the fly because of the constant efforts of managers to keep
rival companies at a disadvantage. ---- ANSWER---d. A
company's realized strategy is typically a blend of
deliberate and/or planned initiatives and emergent and/or
unplanned reactive strategy elements.
Explanation
As shown in Figure 1.1, a company's realized strategy
tends to be a combination of both deliberate planned
elements and unplanned, emergent elements.
Which of the following is not one of the basic reasons that
a company's strategy evolves over time?
a. An ongoing need to abandon those strategy features that
are no longer working well
b. The proactive efforts of company managers to improve
the company's financial performance and secure a
competitive advantage
,c. The need on the part of company managers to make no
adjustments to the company's business model
d. The need to respond to the actions and competitive
moves of rival firms
e. The need to keep strategy in step with changing
industry and competitive conditions ---- ANSWER---c.
The need on the part of company managers to make no
adjustments to the company's business model
Explanation
Regardless of whether a company's strategy changes
gradually or swiftly, the important point is that the task of
crafting strategy is not a one-time event but is always a
work in progress.
A pharmaceutical giant acquires a manufacturer of rare
specialty drugs to improve its falling share prices and
invests all its wealth into the deal. Due to a deficit, it
agrees to do a joint venture for the acquisition and
, involves a major automobile giant to fund the deal. After
a rocky start, the companies now have a strong market
position and generate good profits. Which of the
following regarding the company's strategy is true?
a. It fails the performance test.
b. It fails the competitive advantage and the fit tests.
c. It is a winning strategy.
d. It fails in all three tests.
e. It fails the fit test, but passes the competitive advantage
and performance tests. ---- ANSWER---c. It is a winning
strategy.
Explanation
The pharmaceutical giant assessed the market, identified a
suitable solution to accentuate its market position, gained
a competitive edge by adding a specialty drug to its
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller doctorEdward. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.70. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now