Exam 6: Planning, Strategy, and Competitive Advantage

When TechnoSol Ltd. designed a corporate-level strategy, which includes expanding its operations into a new type of business for the organization, TechnoSol was pursuing a(n) _______ strategy.

The plan of an organization that contains top management's decisions about the organization's mission, goals, strategy, and structure is an example of a ________-level plan.

When Electrix, Ltd., sells its TVs and DVD players using the same basic marketing approach in various countries, it is pursuing ________.

The decision of a company to invest in state-of-the-art European production facilities is an example of a ________-level strategy.

DE, Ltd., sets a goal that every product line of the company should be either first or second in its industry in market share. This would be an example of a ______________-level strategy.

Distinguish between a policy, a rule, and a standard operating procedure of an organization and give one example of each of these types of standing plans that would be used in a business.

When Gallo purchased a company that makes wine bottles, it was involved in ________.

An organization's level of involvement abroad decreases in a joint venture because the alliance rarely involves capital investment to produce goods or services outside the home country.

The reason managers pursue vertical integration is that it ________.

To determine an organization's mission, managers must first define its ________.

Write a brief note on the different modes of international expansion.

Michael Porter presented four ways in which the top management of an organization could select a business-level strategy for their organization. Discuss any two of these four ways of increasing the value of the organization's products and explain the advantages and disadvantages of the strategies that you choose.

When Procter & Gamble uses the same distribution system to deliver its oral care products and its hair care products to drugstore chains, this is an example of ________.

A written set of instructions which describes the series of actions that a manager should take in a specific situation is known as a ________.

Another name for the business level of the organization is the _______ level.

Discuss Michael Porter's five forces model.

An intermediate-term plan has a time horizon between five and ten years.

Apportioning financial resources among divisions to increase financial returns or spread risks among different businesses is called a ________ strategy.

The corporate-level strategy that becomes appropriate when managers see the need to reduce the size of their organizations to increase performance is ________.

Medien Corporation decides to enter a new type of business in order to create a competitive advantage in one of its existing businesses. Medien is engaging in ________.