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WPC 480 Final Exam questions with complete solutions
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WPC 480 Final Exam questions with complete solutions
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WPC 480 Final Exam questions withcomplete solutions
Analysis (AFI Framework) - correct answer ✔✔1. Strategic Problem Statement
2. Industry Definition
3. External Analysis
4. Internal Analysis
5. SWOT
Formulation (AFI Framework) - correct answer ✔✔1. Business Strategies: Cost Leadership or
Differentiation
2. Corporate Strategies
3. Global Strategy
Cost Leadership Cost Drivers - correct answer ✔✔1. Input Factors
2. Economies of Scale
3. Learning Curve
4. Experience Curve
Differentiation Value Drivers - correct answer ✔✔1. Customer Service
2. Product Features
3. Complements
Implement (AFI) - correct answer ✔✔1. Organizational Design
2. Corporate Governance & Business Ethics
External Analysis - correct answer ✔✔1. PESTEL Analysis (Political, Economics, Social, Technology,
Ecology, and Legal)
2. 5 Forces
, 3. Conclusion (Attractive or Unattractive)
Internal Analysis - correct answer ✔✔1. Resource
2. VRIO compared to rival
3. Conclusion
Corporate Strategies answer what? - correct answer ✔✔Where
Vertical Integration - correct answer ✔✔Corporate strategy. Upstream: towards inputs
Downstream: Towards customer
Diversification - correct answer ✔✔Corporate Strategy. Could be done with new product, new
geographic presence, or product market (new product, new market)
Geographic Scope - correct answer ✔✔Corporate Strategy: scope of the geographic area to be covered
by company
Strategic Alliances - correct answer ✔✔Corporate Strategy. Can be non-equity, equity, or joint venture.
Horizontal Integration - correct answer ✔✔a corporate expansion strategy that involves joining together
as many firms from the same industry as possible. This would be Mergers and Aquisitions (both friendly
or hostile)
Global Strategy - correct answer ✔✔1. CAGE Framework
2. Modes of Foreign Market Entry
3. The Integration-Responsiveness Framework
4. Porter's Diamond of National Competitive Advantage
CAGE Framework - correct answer ✔✔cultural, administrative, geographic, economic
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