Exam 6: Organizational Strategy

Companies that are following a _____ strategy would be most likely to try to improve the way in which they sell the same goods or services to the same customers.

A _____ is a company with a large share of a slow growing market.

_____ strategy is a corporate-level strategy that minimizes risk by diversifying investment among various businesses or product lines.

In an attempt to stop declining profitability, Quint Cement Co., a construction material manufacturer, stopped manufacturing other kinds of cement products and concentrated on special anti corrosion cement. If Quint Cement Co. is successful in making the needed changes, it will more than likely implement a _____ strategy.

A(n) ​_____ is a committee within a company that analyzes the company's own weaknesses to determine how competitors could exploit them for competitive advantage.

A(n) _____ strategy is a corporate strategy that addresses the question "How should we compete in this line of business?"

An organization is experiencing _____ when it is reluctant to change strategies or competitive practices that have been successful in the past.

The purpose of a _____ strategy is to turn around very poor company performance by shrinking the size or scope of the business.

Portfolio strategy is a corporate-level strategy that minimizes risk by diversifying investment among various businesses or product lines.

WindWings is a company that manufactures and markets flutes, a product with a steady demand rate. It is so successful at what it does that the company controls 85 percent of the world's flute industry. In terms of the adaptive strategies, WindWings would most likely be categorized as a(n) _____.

The three positioning strategies are cost leadership, differentiation, and focus.

​_____ are the central companies in a strategic group.

List the five industry forces that determine overall levels of competition in an industry. Identify what happens to competition as these forces increase in strength.

When Klonorox Corporation, a manufacturer of bleach and bleach-based cleaning products, acquired Masterssauce brand steak sauce; it was an example of _____.

Character of the rivalry is a measure of the intensity of competitive behavior between companies in an industry.

AlphaWheels Inc. sell a range high-end bikes. Two-thirds of its profits come from the sale of these bikes. The bikes have a large share of a fast- growing market. According to the BCG matrix, the range of high-end bikes would be classified as a(n) _____.

Gemini Inc. decided to decrease its product prices to respond to its competitors. To achieve this, the company needed to lower its costs so as to maintain profitability. The managers at Gemini, however, have been buying expensive raw materials and hiring many employees. Which of the following is most likely to be happening in Gemini?

Companies that succeed are often constantly re-examining strategies or competitive practices that have been successful in the past in order to ascertain their probable future success.

Companies face very little uncertainty in their strategic business environments.

The strategy-making process begins with: