Exam 9: Strategic Management

The combined external and internal analyses are called ________.

Explain the term "first mover" and then list some of the advantages and disadvantages of being a first mover in the market.

The first four steps of the strategic management process describe the strategic ________ that must take place in an organization.

A ________ strategy is when an organization expands the number of markets served or the products offered.

An Internet-based knowledge management system that shortens customer response times would be an e-business technique that contributes to the competitive advantage of a ________.

In ________, a company grows by combining with competitors.

You decide to concentrate on Taco Rocket's primary business by only increasing the menu to include new items such as enchiladas and rice bowls.This is an example of what type of growth strategy?

An organization's financial, physical, human, and intangible assets are known as its ________.

Lower-level managers are responsible for ________ strategies.

________ should be sold off or liquidated as they have low market share and low growth potential.