Unlike cost leadership strategies, differentiation strategies are immune from being copied or imitated bycompetitors because of their uniqueness.Select one:TrueFalse

A business strategy is an action plan used by a company to accomplish its goals and objectives.…

Answered: Unlike cost leadership strategies,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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one of the major corporate level strategies is single business Select one: True False
During the annual meeting of Zain company, Sarah was working towards directing Zain’s resources and attention toward minimizing costs to operate more efficiently than Umniah and Orange. Sarah is pursuing a ____________. Differentiation strategy. Emergent strategy. Cost leadership strategy. Focused differentiation strategy. Focused cost reduction strategy
Unlike cost leadership strategies, differentiation strategies are immune from being copied or imitated by competitors because of their uniqueness. Select one: O True False
MBAA 514: Management 1: Strategic Management - S23N70 - Announcements: Explanation of Value Chain Map As a reminder, the guidelines suggested for an easy to follow and more concise explanation of the value chain map can be organized as follows: For each Market Competency (separate paragraph) identify how the Market Competency is created/supported by 1) which core competencies, then, taking each core competency, 2) which capabilities support the core competency, then 3) taking each capability, which resources support the capability. In essence, you are explaining the linkages back from the Market Competency to the resources. In each case you can provide additional information or a brief qualification if needed or available (cite sources). In each case, ensure you use the term or phrase shown on the map and identify it as a core competency, capability or resource. When the same linkage has been identified in a previous discussion, just say as described previously or above. Proceed…
Top Manufacturer make shirts for discount retailer stores. They want to use a balanced scorecard to measure their business successes and productivity. Prepare a balanced scorecard for Top Manufacturer. Perspective Objectives KPI Financial Answer Answer Customer Answer Answer Internal Processes Answer Answer Learning and Growth
Competition can be beneficial when o 1) It focuses on capturing value from others 2) The outcomes are trivial 3) It focuses on creating new or more value ○ 4) Only a few players are involved
Using the right strategy to face the competitive forces may give the company a competitive advantage O True O False
An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True False
CMACGM is one of the leading shipping companies in the world. In the company everything is automated; everything is computerized from shipping request to the shipping delivery in the destination country. One of the main conditions for recruiting new managers is that all applicants should have IT knowledge because the company highly believes that technology is the key to success and will help in expanding and generating profit. This can be best described as Increase in competition Awareness of challenges Gains in productivity All of the answers
Danny Meyer Leads His Company through the Challenges of Eliminating Tips What happens when your CEO wants to remove the tip structure from your restaurant? Do you complain about the new prices as a customer? Do you worry about your paychecks as a server? Danny Meyer, CEO of Union Square Hospitality (home to some of the most successful New York restaurants), discovered these answers when he began eliminating the tip structure in most of his restaurants. He had seen firsthand the largest negative impact of a tipping culture: employees stuck in front-line positions with no chance to advance to management without taking significant pay cuts. Meyer began by first involving the affected employees in town-hall talks. These town halls happened months before any publicity was released. Meyer then hosted town halls with customers to explain the importance of fair wages for all his employees at the restaurant, not just the few who served the food. The transition period for each restaurant to…
Tech Niche Corp., a provider of IT services, has recorded a decrease in sales and profit over the past few months. The managers of the firm review the situation and conduct a SWOT analysis of the firm. This provides new insights into the ways to improve sales. In the context of developing a marketing plan, the organization is in the phase of: Multiple Choice Initiation. Design. Planning. Control.
28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the above

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Unlike cost leadership strategies, differentiation strategies are immune from being copied or imitated by competitors because of their uniqueness. Select one: O True O False