Exam 6: Organizational Strategy

Differentiate between competitive inertia and strategic dissonance.

A _____ is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

Explain what is meant by a grand strategy and list and define the three types of grand strategies.

A(n) _____ resource is a resource that is impossible or extremely costly or difficult for other firms to duplicate.

_____ are the firms in a strategic group that follow strategies related to but somewhat different from those of the core firms.

Identify and differentiate between the positioning strategies and the adaptive strategies used at the industry level.

The two factors that determine the extent to which firms will be in direct competition with each other are market commonality and resource similarity

The purpose of a _____ strategy is to increase profits, revenues, market sh are, or the number of places (stores, offices, locations) in which the company does business.

An analysis of an organization's external environment begins with an assessment of the company's distinctive competencies and core capabilities.

_____ is the measure of the intensity of competitive behavior between companies in an industry.

Differentiation is the positioning strategy of producing a product or service of acceptable quality at consistently lower production costs than competitors.

The research on diversification in portfolio management indicates that the best approach is probably _____.

Among companies who use the adaptive strategies, analyzers blend the strategies used by _____.

From a competitive standpoint, _____ means that the strategic actions your company takes can probably be matched by your direct competitors.

​_____ is the degree to which two companies have overlapping products, services, or customers in multiple ventures.

Companies use their resources to improve organizational efficiency and effectiveness.

Significant cost reductions, layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a _____ strategy.