Question 1

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants, and strategic recommendations.

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Question 2

List the three global corporate strategies.

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Question 3

Briefly discuss Porter's three competitive strategies.

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Question 4

Name and describe the three types of global strategies.

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Question 5

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

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Question 6

____________________ strategies are when companies join with other organizations to promote innovation, expand markets, and pursue joint goals.

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Question 7

Compare and contrast the three levels of strategy in an organization.

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Question 8

In order for companies to remain competitive, their strategies must focus on three things. Describe these three focuses.

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Question 9

Briefly explain the three grand strategies for domestic operations.

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Question 10

With a(n) _________________________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.

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Question 11

____________________ and ____________________ represent the ultimate step in collaborative relationships.

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Question 12

____________________ involves regularly making difficult decisions about doing things in a way that supports rather than undermines the organization's chosen strategy.

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Question 13

The ____________________ is driving and supporting the move toward partnership thinking.

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Question 14

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ________________________________________.

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Question 15

List the four components of a situation analysis.

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Question 16

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

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Question 17

Differentiate between strategy formulation and strategy implementation.

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Question 18

Briefly describe the five competitive forces identified by Michael E. Porter.

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Question 19

List Porter's competitive forces.

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Question 20

The ability to influence people to adopt the new behaviors needed for strategy implementation is called ____________________.

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Quiz 8: Strategy Formulation and Implementation