Str 581 - Study guides, Class notes & Summaries

STR 581: Ch 8: Corporate Strategy Exam Questions With 100% Correct Answers The steps involves in creating a diversified company's corporate strategy include ______ - answer1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifying into new industries ____ - answershould be explored when a single business company encounters dwindling opportunities in...

The steps involves in creating a diversified company's corporate strategy include ______1. picking new industries to enter and the means for entering them 2. establishing investment priorities 3. leveraging cross-business value chain relationships into competitive advantage Diversifying into new industries ____should be explored when a single business company encounters dwindling opportunities in its principal business Diversification is not really viewed as a success unless it ____.yi...

business ethics -deals with the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel ethical universalism -the most fundamental concepts of right and wrong are universal and transcend culture, society, and religion. ethical relativism -holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is total inappropriate. - whether certain a...

Which of the following best describes corporate culture? - A set of attitudes, priorities, essential beliefs, and customs shared among those within a company that shape workplace behaviors True or false: Company culture has minimal impact on strategy execution and is unrelated to business performance. - false The corporate culture at Walmart is centered on which of the following? - 1. a strong work ethic among employees 2. frugal operating practices Which of the following statements ...

STR 581: Ch. 10: Building an Organization Capable of Good Exam Questions With Verified Answers Which of the following statements accurately describe the process of executing a business strategy? - answer1. executing a business strategy is an action-driven activity 2. Executing a business strategy requires managers who work effectively with colleagues What three key actions are required to build an organization capable of good strategy execution? - answer1. developing strong management and...

STR 581: Ch 6: Strengthening a Company's Competitive Position Exam Questions With Verified Answers The best strategic offensives for companies involve which of the following? - answer1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - answerthe company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful compe...

business ethics - Answer-deals with the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel ethical universalism - Answer-the most fundamental concepts of right and wrong are universal and transcend culture, society, and religion. ethical relativism - Answer-holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is total inappropriate. ...

The best strategic offensives for companies involve which of the following? - Answer-1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - Answer-the company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful competitive strategy for a company if _____ - Answer-1. the company convinces buyers that its products ar...

What are reasons that companies expand into foreign markets? 1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. take advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the country's 1. advantages for specific value chain activities 2. strong economic conditions 3. favorable political conditions

Which of the following are types of competitive strategies? - Answer-1. broad low-cost 2. broad differentiation 3. focused low-cost 4. focused differentiation 5. best-cost Which of the following is a typical course of action for companies that pursue low-cost leadership? - Answer-offering lower prices than their rivals Attempts to use low-cost advantage to attack rival companies with lower product prices can result in which of the following - Answer-1. retaliatory price cuts 2. a price ...