Question 1

The Achilles' heel (or biggest danger/pitfall) of relying heavily on alliances and cooperative strategies is

Accepted Answer

The Achilles' heel of alliances and cooperative strategies is becoming dependent on other companies for essential expertise and capabilities.To be a market leader (and perhaps even a serious market contender),a company must ultimately develop its own resources and capabilities in areas where internal strategic control is pivotal to protecting its competitiveness and building competitive advantage.

Question 2

What is the purpose of defensive strategy? Give at least two examples of defensive moves.

Accepted Answer

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Question 3

Identify and briefly explain five types of offensive strategies.

Accepted Answer

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Question 4

What are the strategic advantages of a backward vertical integration strategy?

Accepted Answer

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Question 5

The reasons firms enter into strategic alliances is to

Accepted Answer

The most common reasons companies enter into strategic alliances are to expedite the development of promising new technologies or products,to overcome deficits in their own technical and manufacturing expertise,to bring together the personnel and expertise needed to create desirable new skill sets and capabilities,to improve supply chain efficiency,to gain economies of scale in production and/or marketing,and to acquire or improve market access through joint marketing agreements.Enabling greater vertical integration is not among those reasons.

Question 6

Which one of the following is not a strategically beneficial reason a company may enter into strategic partnerships or cooperative arrangements with key suppliers,distributors,or makers of complementary products?

Accepted Answer

The most common reasons companies enter into strategic alliances are to expedite the development of promising new technologies or products,to overcome deficits in their own technical and manufacturing expertise,to bring together the personnel and expertise needed to create desirable new skill sets and capabilities,to improve supply chain efficiency,to gain economies of scale in production and/or marketing,and to acquire or improve market access through joint marketing agreements.Enabling greater vertical integration is not among those reasons.

Question 7

A strategic alliance

Accepted Answer

A strategic alliance is a formal agreement between two or more separate companies in which there is strategically relevant collaboration of some sort,joint contribution of resources,shared risk,shared control,and mutual dependence.

Question 8

Which of the following is not a typical reason that many alliances do not live up to expectations?

Accepted Answer

Typical reasons why strategic alliances prove to be difficult include: (1) diverging objectives and priorities,(2) inability of partners to work well together,(3) changing conditions that make the purpose of the alliance obsolete,(4) emergence of more attractive technological paths,and (5) marketplace rivalry between one or more allies.

Question 9

The competitive attraction of entering into strategic alliances and collaborative partnerships is

Accepted Answer

Among most common reasons companies enter into strategic alliances is to bundle the resources and competencies (such as personnel and expertise needed to create desirable new skill sets and capabilities) that are more valuable in a joint effort than when going it alone.

Question 10

Under what sorts of circumstances are mergers with or acquisitions of other companies a better solution than entering into partnerships or alliances with these companies? How do mergers and/or acquisitions contribute to enhancing a company's position?

Accepted Answer

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Question 11

Identify and briefly explain what is meant by each of the following terms:
a.outsourcing strategy
b.vertical integration strategy
c.first-mover advantage
d.first-mover disadvantage
e.horizontal and vertical scope

Accepted Answer

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Question 12

What is a blue ocean strategy,what is its appeal,and what is its drawback?

Accepted Answer

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Question 13

Which of the following is not one of the key benefits of employing an outsourcing strategy?

Accepted Answer

The advantages of outsourcing include: (1) an activity can be performed better or more cheaply by outside specialists; (2) said activity is not crucial to the firm's ability to achieve sustainable competitive advantage and won't hollow out its capabilities,core competencies,or technical know-how; (3) it improves organizational flexibility and speeds time to market; (4) it reduces the company's risk exposure to changing technology and/or buyer preferences; and (5) it allows a company to concentrate on its core business,leverage its key resources and core competencies,and do even better what it already does best.

Question 14

Identify five objectives of a merger and acquisition strategy.

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Question 15

What are the strategic advantages of being a first mover? What are the strategic advantages of being a follower or late mover?

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Question 16

What are the strategic advantages of a forward vertical integration strategy?

Accepted Answer

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Question 17

Experience indicates that strategic alliances

Accepted Answer

Experience indicates that alliances stand a reasonable chance of helping a company reduce competitive disadvantage,but very rarely have they proved a strategic option for gaining a durable competitive edge over rivals.

Question 18

In what sorts of circumstances is it strategically advantageous to be a fast follower or late mover as opposed to a first mover?

Accepted Answer

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Question 19

Which of the following is not a typical reason that many alliances prove unstable or break apart?

Accepted Answer

Typical reasons why strategic alliances prove to be difficult include: (1) diverging objectives and priorities,(2) inability of partners to work well together,(3) changing conditions that make the purpose of the alliance obsolete,(4) emergence of more attractive technological paths,and (5) marketplace rivalry between one or more allies.

Question 20

Strategic alliances are more likely to be long lasting when

Accepted Answer

Alliances are more likely to be long lasting when (1) they involve collaboration with partners that do not compete directly; (2) a trusting relationship has been established; and (3) both parties conclude that continued collaboration is in their mutual interest,perhaps because new opportunities for learning are emerging.

Quiz 6: Strength-Ending a Company Competitive Position: Strategic Moves, Timing, and Scope of Operations

The Achilles' heel (or biggest danger/pitfall) of relying heavily on alliances and cooperative strategies is

What is the purpose of defensive strategy? Give at least two examples of defensive moves.

Identify and briefly explain five types of offensive strategies.

What are the strategic advantages of a backward vertical integration strategy?

The reasons firms enter into strategic alliances is to

Which one of the following is not a strategically beneficial reason a company may enter into strategic partnerships or cooperative arrangements with key suppliers,distributors,or makers of complementary products?

A strategic alliance

Which of the following is not a typical reason that many alliances do not live up to expectations?

The competitive attraction of entering into strategic alliances and collaborative partnerships is

Under what sorts of circumstances are mergers with or acquisitions of other companies a better solution than entering into partnerships or alliances with these companies? How do mergers and/or acquisitions contribute to enhancing a company's position?

Identify and briefly explain what is meant by each of the following terms: a.outsourcing strategy b.vertical integration strategy c.first-mover advantage d.first-mover disadvantage e.horizontal and vertical scope

What is a blue ocean strategy,what is its appeal,and what is its drawback?

Which of the following is not one of the key benefits of employing an outsourcing strategy?

Identify five objectives of a merger and acquisition strategy.

What are the strategic advantages of being a first mover? What are the strategic advantages of being a follower or late mover?

What are the strategic advantages of a forward vertical integration strategy?

Experience indicates that strategic alliances

In what sorts of circumstances is it strategically advantageous to be a fast follower or late mover as opposed to a first mover?

Which of the following is not a typical reason that many alliances prove unstable or break apart?

Strategic alliances are more likely to be long lasting when