Exam 16: Strategic Elements of Competitive Advantage

When company management decides that it is unwilling to follow the "conventional wisdom" and instead finds a new way to gain competitive advantage,it might be said to be:

What is hypercompetition? Briefly discuss conditions under which hypercompetition takes place.

Rugman and D'Cruz have developed an alternative framework to Porter's five forces model.The framework,based on business networks,is called:

Maytag has been called "the Rolls-Royce of washers and dryers." Maytag markets Neptune,a high-tech machine,at a substantially higher than regular washer price.This is an example of:

The flagship model is evident in the strategies of all but one of the following businesses:

Rugman and D'Cruz cite Benetton as an example of a flagship firm that excels at building partnerships.

Analyzed in terms of Porter's five forces model,online music file sharing services represent a threat to the music industry in the form of a substitute product.

What does the phrase factor condition refer to? How can these factors be inherited or created? Describe Porter's categories of factor conditions.

Francisco Martínez is CFO of Comercial Mexicana SA,a retail chain in Mexico.Commenting on Walmart's entry into Mexico,Mr.Martínez notes,"I buy 20,000 plastic toys,and Walmart buys 20 million.Who do you think gets them cheaper?" Which strategic principles are evident in this comment?

According to Michael Porter's research on the competitive advantage of nations,human,physical,knowledge,capital,and infrastructure resources are all components of a country's:

According to the hypercompetition model of competitive advantage,which of the following allows the firm to create an entirely new product or market?

The nature of firm strategy,structure,and rivalry is the final determinant of a nation's diamond.What does this statement refer to? How does domestic rivalry differ from foreign rivalry? Please explain in detail.

Which of the following is not identified by Porter as one of the possible types of barriers to entry in an industry?

New entrants to an industry bring all of the following except:

Product differentiation and brand loyalty "raise the bar" for would-be industry entrants who would be required to make substantial investments in research or advertising.

Which of the following generic strategies best captures the way Harley-Davidson has achieved competitive advantage in the global motorcycle industry?

Walmart refuses to stock CDs bearing parental advisory stickers for explicit lyrics or violent imagery.Recording artists who want their recordings available at Walmart have the option of altering lyrics and song titles or deleting offending tracks.Likewise,artists are sometimes asked to change album cover art if Walmart deems it offensive.Considering the elements of the five forces model this is an example of:

Germany's Mittelstand companies have been extremely successful pursuing:

Chance events play a role in shaping the competitive environment.Chance events are occurrences which include all but one of the following:

The automobile industry has become fiercely competitive on a global basis.The initial success of foreign automakers in the United States was due to all of the following reasons except: