Business Strategy Midterm

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School

Monroe Community College *

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204

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Management

Date

Apr 3, 2024

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docx

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Uploaded by DukeOyster964

CHAPTER 1 1)Pizza Port, a craft brewing and pizza chain in southern California. Which of the following actions would you be most unlikely to advise Pizza Port’s owners in formulating a strategy in order to enhance its future profits? Create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs. 2) Under Armour, a multinational sports apparel company, plans entry into a new geographical location How should Under Armour not craft a strategy to enhance future profits in Vietnam? create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs. 3) You are a strategic consultant to Danielle and Casey, partners in a local upscale coffee roasting and retail business. In counselling the partners about how to achieve a sustainable competitive advantage, you most likely would advise them to have some distinctive strategic element that draws in customers and produces a competitive edge. 4) BloomsJay Resorts Inc. has multiple tropical resorts in various locations. What strategy is BloomsJay using to gain competitive advantage? a focused differentiation strategy. 5) Arnie’s Noshes, a fast-food facility near a college campus, offers healthy… What strategy is Arnie’s Noshes using to gain competitive advantage? a focused differentiation strategy. 6) Different companies across different industries adopt any one of the five generic strategies to gain competitive advantage. Which of the following businesses is most likely to use a low-cost provider strategy? A baby products retailer sells unassembled baby furniture produced in China . 7) Which of the following firms uses an emergency strategy ? A microbrewer invests in building community water wells during a drought. 8) An industrial air-conditioner manufacturing giant decides to outsource its operations to a new geographical location. Which of the following would be an appropriate reactive (emergent) strategy while moving forward? canceling the job cuts till the market situation and entry operations stabilize. 9) In evaluating proposed or existing strategies managers should scrutinize the company's existing strategies on a regular… 10) For John Sidanta, CEO and founder of Primaplast, a manufacturer of biodegradable plastic drinking straws made from recycled material, crafting and executing a strategy is a top-priority managerial task because it is Primaplast management's prescription for doing business… 11) Ben Weprin is founder and CEO of Graduate Hotel… What must managers do… CHAPTER 2 1)You have been asked to evaluate Kampus Kombucha’s mission statement, “To heal and refresh everyone we touch.” You would most likely observe that Kampus Kombucha’s mission statement is vague, fairly uninformative, and blurs the essence of this company's business activities. 2) TOMS Shoes’ company values are an integral part of this company's DNA… 3) You have been asked to evaluate the vision statements of Whole Foods, Keurig Dr. Pepper, Caterpillar, and Nike. Which one of the following is not a characteristic of an effectively worded strategic vision statement? lengthy, too reliant on superlatives… 4) Which of the following are common shortcomings of company vision statements? too broad, vague or incomplete… 5) Effectively communicating the strategic vision down the line to lower-level managers and employees has the value of not only explaining "where we are going and why"… 6) A benefit of a vivid, engaging, and convincing strategic vision is providing a beacon… 7) The difference between the concept of a company mission statement and the concept of a strategic vision is that a mission statement typically… 8) St. Jude’s Children’s Research Hospital and Tom’s Shoes’ core values typically do not include such things as minimizing innovation… 9) Which of the following is the best example of a well-stated financial objective? Increase earnings… 10) The following scenario does not contain the key characteristics of a well-stated organizational objective: Yahoo!'s created extreme stretch goals to return that company to profitability and raise its stock price.

11) When things are not going well, the corrective adjustments that top executives need to make include deciding when adjustments… 12) You have been hired to oversee the strategy execution process at Venmo, a mobile payments subsidiary of PayPal. Your primary tasks would include ensuring policies and procedures… 13) You have been hired as a strategic planning manager by Brad Black. What business strategy could the partners use to strengthen EO Products’ market position and build a competitive advantage over its rivals? Work with business unit… CHAPTER 3 1)The macro-environment’s impact on strategic opportunities is unlikely to be exemplified by the following situation? Hulu squares off with Disney+… 2) Each of the following exemplifies the impact of the macro-environment on a company’s strategic opportunities except Jeff Bezos's Amazon Inc. announces… 3) Which of the following is likely to have the biggest strategy-shaping impact on on-demand transportation providers such as Uber and Lyft? Apple and Ford launch a global network… 4) Which of the following factors represents the strategically relevant political factors in the macro-environment that will influence the performance of all firms across the board? the strength of the federal banking system 5 ) Based on an analysis of the five forces that increase or decrease competitive pressures in an industry, in which of the following industries is profitability likely to be lowest? dine-in pizza restaurants 6) Competitive pressures stemming from buyer bargaining power tend to be weakest in which of the following situations? Homeowners of newly constructed… 7) In which of the following circumstances are competitive pressures relatively moderate to weak when associated with the bargaining power of buyers? The supply and varieties… 8) In which one of the following instances is supplier bargaining power and leverage not weakened? when industry members pose a credible threat of backward integration into the business of suppliers 9) The collective impact of the five competitive forces on competitive pressures tends to lower the combined profitability of industry members. 10) Based on an analysis of the five forces that increase or decrease competitive pressures in an industry, in which of the following industries is profitability likely to be lowest? wireless lighting systems. 11) Based on an analysis of the five forces that increase or decrease competitive pressures in an industry, in which of the following industries is profitability likely to be highest? video-streaming services. 12) Which of the following are most unlikely to qualify as driving forces? mounting competition from substitutes and increasing efforts… 13) Which of the following do not qualify as potential driving forces capable of inducing fundamental changes in industry and competitive conditions? increases in the economic power and bargaining leverage… 14) Which one of the following is not a common type of driving force? increasing efforts… 15) An industry’s driving forces generally act in ways… 16) Increasing globalization can be a driving force in an industry because companies need to spread… 17) You are considering starting a business providing high quality bookkeeping. Which factors would you evaluate to determine whether or not the food service industry offers good prospects for attractive profits? the industry's growth potential… 18) You have been asked by your manager at E.L.F. Good competitive intelligence is important at E.L.F. Beauty because it allows E.L.F. Beauty to anticipate… 19) Audrey and Javier are co-owners off five specialty cupcake and dessert bakeries in their region. Which of the following questions would not help them to predict the next strategic moves and countermoves of their rivals? Which mode of transport does the rival's supplier use? 20) Which of the following factors should Gorilla Gourmet, a Michigan-based company developing a fleet of food trucks that will operate solely in college towns, consider when determining if the food-truck industry offers good prospects for attractive profits? the industry's growth potential, whether competition…

21) Which of the following factors usually is not a consideration involved with evaluating whether an industry presents a sufficiently attractive business opportunity? determining the industry outlook for future profitability 22) Aleida, the COO of a gourmet food-truck business that specializes in Spanish cuisine such as paella and tapas, has been asked to present her company’s investors with an evaluation of strong prospects for attractive profits. What would she normally exclude from her analysis? whether or not the food-truck industry's opportunities for international expansion are promising. 23) Amazon Prime Video, Apple, Disney+, and Netflix have increased bargaining power over content providers (suppliers) because they have integrated backward into the business… CHAPTER 4 1)Consider if you were hired to conduct a review of how effectively Tesla Motors’ current strategy is working. What aspect of your review would be considered irrelevant? whether it has a larger number of competitive assets… 2) Nestlé’s brand management capabilities for its 2.000+ food, beverage, and pet care brands are categorized as its tangible resources and/or intangible resources. 3) Warby Parker is an online retailer of prescription eyewear. Warby Parker’s capabilities in market research and engineering as well as the company’s relations with suppliers and manufacturing companies are considered cross-functional capabilities… 4) A company that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through bundled resources that enable… 5) Which of the following is not a good example of a company’s resources? having higher earnings per share… 6) Imitation by rivals is most challenging when capabilities reflect a high level… 7) Zara is a fast-fashion company. Zara’s dynamic capability is manifested by its ability to upgrade its R&D… 8) Which of the following is not an example of a company’s dynamic capability? Petsmart's ability to remain… 9) If you were conducting a SWOT analysis for a textbook publisher, which of the following steps would you omit from your SWOT analysis? benchmarking the textbook… 10) Sizing up a company’s overall resource strengths and weaknesses essentially involves constructing… 11) Grubhub controls about 13 percent of the U.S. meal delivery market, versus nearly 60 percent for... Identify two analytical tools that Grubhub can use to assess and restore cost parity. value chain analysis and benchmarking 12) When looking at the entire industry, the main areas in a company’s overall value chain where important differences between firm’s cost and value do not occur are in a company's own internal activities, the supplier's industry value chain… 13) Managers can pursue any of several strategic approaches to reduce the costs of internally performed value chain activities and improve a company’s cost competitiveness by acquiring suppliers… 14) Which of the following is not a good option for trying to remedy high internal costs vis-à-vis rival firms? implementing aggressive strategic… 15) Which of the following is the best option available to Peloton Interactive, a provider of home fitness equipment and subscriber- based home workouts, for remedying its supplier-related cost disadvantage? Negotiate more favorable prices with suppliers. 16) Which of the following is not an option for improving supplier-related value chain activities? Persuade forward channel… 17) The options for remedying a cost disadvantage associated with activities performed by forward channel allies include pressuring forward channel… 18) Which of the following is not an option for remedying a forward channel-related cost disadvantage? Negotiate more favorable… 19) Costs and price differences among competing companies can have origins in activities performed by the company's internally performed… CHAPTER 5 1)Trader Joe’s earns over $2,000 of annual sales per square foot—nearly double that of Whole Foods. By selling mainly private label goods under its own brand . What strategy is Trader Joe’s using to gain competitive advantage? best-cost provider strategy. 2) The greatest and most important differences among the competitive strategies of different companies are essentially whether a company's market target…

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3) A gourmet food truck stocks tortillas, beans, meat, fish, sauces, fresh vegetables, rice, and other main ingredients, but does not assemble and cook its tacos, enchiladas, and burritos until each customer places an order. Which cost driver is the food truck efficiently using to cut costs? capacity utilization. 4) The world’s leading chemical company, BASF, can sometimes achieve a sizeable cost advantage over rivals via improving supply chain efficiency. 5) In which of the following circumstances is a strategy to be the industry’s overall low-cost provider not particularly well-matched to the market situation? when buyers have widely… 6) The value to a company of pursuing a low-cost provider strategy is contingent upon whether or not it is easy or inexpensive… 7) Vanguard’s generic strategy to become the financial services industry’s overall low-cost provider is particularly well-matched to a customer-market characterized by offerings of Vanguard's… 8) Vanguard, one of the world’s largest investment management companies, has attained cost leadership via ferreting out cost- saving… 9) What strategy is Gem X using to deliver superior value to customers? signaling value… 10) A broad differentiation strategy would work best for which of these companies? Prada, because it can command a high-price premium for its high fashion designs. 11) Domino’s Pizza has a well-known slogan: “We’ll deliver in 30 minutes or less, or it’s free!” By using this slogan, what has the pizza maker achieved? built a unique customer value proposition . 12) A differentiation-based competitive advantage often hinges on incorporating features that: 13) A route to take in developing a differentiation advantage includes incorporating tangible features that add functionality… 14) A successful differentiation strategy such as Tesla’s must offer value in ways unmatched by rivals, however, a big issue in crafting a differentiation strategy for Tesla is deciding what is valuable to customers. Typically, value can be delivered to customers in these three basic ways: incorporating tangible features that improve product performance… 15) A low-cost provider strategy can defeat a differentiation strategy when customers are basically satisfied… 16) The risks of a focused strategy for a company like Canada Goose include the potential for the preferences… 17) You have been asked by your employer to explain the differences between cost drivers and unique drivers. You would correctly say that cost drivers are factors… 18) For all types of generic strategies, a company’s success in sustaining its competitive edge depends on having resources and capabilities… 19) For a best-cost provider strategy to be successful, a company must have the capability… 20) You have been asked to advise Lexus on its generic strategy. Success in sustaining Lexus’s best-cost strategy requires that the company possess the resources and capabilities to incorporate… 21) A company’s biggest vulnerability in employing a best-cost provider strategy is getting squeezed between firms employing low-cost… 22) Best-cost provider strategies are appealing in those market situations where diverse buyer preferences… 23) Success with a best-cost provider strategy designed to outcompete high-end differentiators requires achieving significantly lower costs…

Business Strategy Midterm

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