Blue ocean strategy Study guides, Class notes & Summaries

BIT 3454 Exam 1 The 9 blocks of the Business Model Canvas are: - correct answer 1. customer segments 2. value proposition 3. channels 4. customer relationships 5. revenue streams 6. key resources 7. key activities 8. key partnerships 9. cost structure types of value propositions: Blue Ocean Strategy - correct answer create uncontested market space; make the competition irrelevant; create and capture new demand; break the value-cost trade-off; align the whole system of a firm's act...

WPC 470 Moore ASU Final Exam With Correct Questions & Answers The process by which people undertake economic risk to innovate- to create new products, processes, and sometimes new organizations - Entrepreneurship Competitive benefits that accrue to the successful innovator - Firstmover advantages The five different stages; introduction, growth, shakeout, maturity, and decline, that occur in the evolution of an industry over time - Industry life cycle The positive effect (externali...

MNGT 4800 - Exam 2 Questions With 100% Correct Answers The 4 Primary Generic Business-Level Strategies - answerCost leadership, differentiation strategy, focused cost leadership, and focused differentiation. Cost leadership - answerOffers products or services with acceptable quality and features to a broad set of customers at a low price. Advantages of cost leadership - answerWithstanding price competition from rivals, discouraging new entrants, and attracting a large market share. Disad...

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...

MAN 320F EXAM 2 AROIAN Questions With Solutions 100% Correct Blue Ocean Strategy strategy where it includes all industries not in existence, unknown market space going where the profits and growth is, not where the competition is Red Ocean Strategy all industries in existence, the known mkt space industries never stand... still strategic move the set of managerial actions and decisions involved in making a major market-creating business offering with technology & globalization, it h...

OAM 331 Exam 1 Latest 2023 Graded A+ Honda A Logic -fully integrated manufacturer - salves vol obj - innovation to production fast Honda B Entrenpueral spirit and grit -didn't sell bigger bikes -> pivot to smaller super cubs -meet nicest people on a honda honda used ___________ for success to US motorcycle - mass production / market -labor productivity -dealer network -low cost Strategy set of activities that work together to create sustainable competitive adv British Motor problems -mec...

BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 5 Questions and Answers 2023. Value Chain Analysis is: Select one: a. a generalized version of the Business Utility Matrix defined in the Blue Ocean Strategy b. a specific version of the Business Utility Matrix defined in the Blue Ocean Strategy c. a quick version to identify incremental product and service innovations d. an analysis used in ethical considerations pertaining to entrepreneurship all over the world Feedback The correct answer is...

MAN 320F Exam 2 questions with solutions 100% correct What is the blue ocean strategy go where the profits and growth are and where the competition isn't Technology and Globation -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently -Iphone in 2007 (1 billion units have been sold) -Ipad in ...

BUS 4401 Unit 8 Entrepreneurship 2 Self Quiz 5 Questions and Answers 2023. Value Chain Analysis is: Select one: a. a generalized version of the Business Utility Matrix defined in the Blue Ocean Strategy b. a specific version of the Business Utility Matrix defined in the Blue Ocean Strategy c. a quick version to identify incremental product and service innovations d. an analysis used in ethical considerations pertaining to entrepreneurship all over the world Feedback The correct answer is...

GEB 4890 Final - Part 2 Latest 2023 Graded A Blue Ocean strategy - Offensive strategy that seeks to gain dramatic new competitive advantage by inventing a new industry or market segment that renders existing competition largely irrelevant and allows a company to create altogether new demand in the absence of competitors - Market space, where the industry has not yet taken shape, with no rivals, wide-open, long-term growth and profit potential for a firm that can create a demand for new types of...