Question 1

Good strategy + good strategy execution = good management.True or false? Justify and explain your answer.

Accepted Answer

Good strategy and good strategy execution are the most telling signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company's strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace. In stark contrast, a company that lacks clear-cut direction, has a flawed strategy, or can't execute its strategy competently is a company whose financial performance is probably suffering, whose business is at long-term risk, and whose management is sorely lacking.

Question 2

Why is sustainable competitive advantage so important to a winning business strategy?

Accepted Answer

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Question 3

A well-establisher retail house offers lower-priced commodities to powerful buyers at widespread locations and has loyal suppliers that supply mass goods to the retailer.With fewer ways to achieve differentiation in the market,most other rivals offer similar products but lack sufficient funding to compete against the retail house.Which strategy has the house employed? Explain your answer.

Accepted Answer

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Question 4

A laptop manufacturing company acquires a microprocessors manufacturing company to gain a strong market position.Which of the five generic strategies has the laptop manufacturer used to gain competitive advantage?

Accepted Answer

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Question 5

A pizza maker manufactures thin-crust pizzas and offers free soft drinks with a pack of four pan pizzas.What can you say about its Value-Price-Cost Framework?

Accepted Answer

The answer of A pizza maker manufactures thin-crust pizzas and...

Question 6

A dining facility with multiple branches caters to newlywed couples only.The ambience,special live music arrangements for each couple,and privacy of the dining sections have become a rage among newlyweds.Which of the five generic strategies has the company used?

Accepted Answer

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Question 7

An electronic chip manufacturer has a quarterly release of its products.What can you say about its strategy?

Accepted Answer

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Question 8

A new entrant in a market dominated by established players introduces itself with copycat products of another competitor.Would this strategy work in the long term for the firm? Justify your answer.

Accepted Answer

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Question 9

Why is it appropriate to argue that good strategy-making combined with good strategy execution are valid signs of good management?

Accepted Answer

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Question 10

Powerful execution of a powerful strategy is a proven recipe for winning in the marketplace.True or false? Explain your answer.

Accepted Answer

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Question 11

A new entrant in a market uses copycat products at its rival at budget prices.What can you say about this company's long-term success?

Accepted Answer

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Question 12

A data storage company realizes that its facilities are used most by financial institutions.It capitalizes on the opportunity and starts storing specific financial information only and is now one of the most sought-after financial databases.What strategy has the company employed?

Accepted Answer

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Question 13

A beauty products giant that manufactures quality makeup products observes a lot of its hits by college students on its makeup tutorials.It opens another sub-brand that provides low-priced makeup services to college partygoers.Which of the five generic strategies has the company used?

Accepted Answer

The answer of A beauty products giant that manufactures quality...

Question 14

A company's strategy represents a managerial commitment to an integrated array of considered choices about how to compete.This includes the choice about how to capitalize on attractive opportunities to grow the business.Why is opportunity recognition a vital component of the company's strategy?

Accepted Answer

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Question 15

An established organization is fast losing its market share to companies that offer similar products and are upgrading their capabilities to produce better products.List a few general actions and approaches that would help the organization revive its position.

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Question 16

An automobile company with an established brand name uses a unique assembly line method to reduce the final packaging and fitting procedures cost.It then sells the cars to all customers at a reduced price.Which of the five generic strategies automobile company using?

Accepted Answer

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Question 17

An established company in a market decides to donate a part of its profits to a children's charity to improve its market image.Soon after it launched a website that offers new clothes,accessories,and books that could be donated to various children's charities by interested parties.The company gained positive publicity and its sales went up.What would you say about this strategy?

Accepted Answer

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Question 18

What factors determine whether a strategy can be called a winning strategy?

Accepted Answer

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Question 19

A pen manufacturer sells high-quality pens at a very low price but provides pen-specific low-cost refills at a relatively higher price.Explain this business model.

Accepted Answer

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Question 20

How can one tell a winning strategy from a strategy that is mediocre or a loser?

Accepted Answer

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Quiz 1: What Is Strategy and Why Is It Important