MGT 450 Strategic Planning for Organizations
Week 2 Quiz (All correct)
An entrepreneurial mindset is:
Seeing things from a customer’s perspective
Noticing a problem that exists
Being able to state the problem clearly
All of the above
Which of the following cannot be deduced from a strategic-group map?
Competitors that are strategically similar
Market shares of individual competitors
Areas of unserved demand
Competitors that are not really competitors
Entry barriers of different strategic groups
Strategic thinking is best done during the annual strategic-planning process.
Which of the following is not an industry driving force?
Changes in the industry growth rate
Increasing pace of technological change
Increasing globalization of the industry
Developing a core competence
Rising energy costs
Finding a “blue ocean” or “situational monopoly” is a legitimate part of strategic thinking.
A company that is not actively pursuing opportunities won’t be in business very long.
A situational monopoly is one of the following:
An instant monopoly
Something no other competitor has
An ownable space for a useful period of time
An opportunity to charge more than competitors
None of the above
What is at the core of blue-ocean strategy?
None of the above
Which of the following is not a barrier to entry?
Distribution channels all tied up
Ability to forge strategic alliances
High capital investment
Developing a brand reputation
Competitors with lower costs
Which factor is typically not included in an industry-attractiveness analysis?
Size of potential market
Industry growth rate
Size of entry barriers
Degree of competition
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