Blue ocean strategies - Study guides, Class notes & Summaries

MNG4801 Supplementary Exam 2024 (Solutions/Answers) Question 1 Question 1 is for 20 marks, and it includes sub-questions 1.1, 1.2 and 1.3. It tests your understanding of the nature and role of strategy. It also tests your understanding of strategic decision-making, and of analysing the macro-environment. 1.1 Discuss the difference between intended, deliberate, and emergent strategies. Support your discussion by integrating the appropriate application of theory and examples from th...

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...

Which of the following is not one of Porter's generic business level strategies? - Cost Leadership - Differentiation - Economies of Scale - Focus : Economies of Scale Which of the following is more of a value driver than a cost driver? - Economies of Scale - Superior Customer Service - Experience-curve Effects - Learning - curve effects : Superior Customer Service Which of the following statements is true of a strategic position? 2 - Choosing a strategic position requires mak...

MNGT 4800 - Exam 2 Questions With 100% Correct Answers Five generic strategies to build sustainable competitive advantage - answer1.) Low Cost provider does not mean low quality, but the ability to manage your costs so you price where you want to price and make achievable profit margins (ex. Wal-Mart) 2.) Focused Low-Cost provider does not address the whole market but a segment or niche that has direct appeal to your products or services (ex. Southwest Air) 3.) Broad Differentiation allow...

MNGT 4800 - Exam 2 Questions With 100% Correct Answers Five generic strategies to build sustainable competitive advantage - answer1.) Low Cost provider does not mean low quality, but the ability to manage your costs so you price where you want to price and make achievable profit margins (ex. Wal-Mart) 2.) Focused Low-Cost provider does not address the whole market but a segment or niche that has direct appeal to your products or services (ex. Southwest Air) 3.) Broad Differentiation allow...

Blue Ocean Strategy - Answer-- Successfully combining differentiation and cost-leadership activities - Uses value innovation to reconcile trade-offs (Between Differentiation & Cost Leadership) "Untapped Market Space" "Create additional demand" "Opportunity for Highly Profitable Growth" How to Increase Consumer Perceived Benefits? - Answer-- Raise, raise the standard and industry norm to your business - Create, Create something the industry has never offered Wha...

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...

MNGT 4800 - Exam 2 Questions With 100% Correct Answers Five generic strategies to build sustainable competitive advantage - answer1.) Low Cost provider does not mean low quality, but the ability to manage your costs so you price where you want to price and make achievable profit margins (ex. Wal-Mart) 2.) Focused Low-Cost provider does not address the whole market but a segment or niche that has direct appeal to your products or services (ex. Southwest Air) 3.) Broad Differentiation allow...

MBA 705 CH 8&9 Questions and Answers Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an organization gains experience producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor substitution possibilities Functional Strategies - ...

MAN 3025 exam 2 FGCU Questions With Correct Answers Chapter 6 BCG Matrix - answeris a corporate planning tool, which is used to portray firm's brand portfolio or SBUs on a quadrant along relative market share axis (horizontal axis) and speed of market growth (vertical axis) axis Benchmarking - answera process by which a company compares its performance with that of high-performing organizations Blue Ocean Strategy - answerAn approach where firms seek to create and compete in uncontes...