1⟩ Franchising is a form of which of the following-
* A) Contractual strategic alliance
* B) Merger
* C) Joint venture
* D) Internal development
A) Contractual strategic alliance
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32 Strategy Methods Questions And Answers
2⟩ Networks differ from joint ventures in that network
* A) Are arrangements whereby two or more organizations work in collaboration without formal relationships, where there is mutual advantage in doing so
* B) Are arrangements whereby two or more organizations work in collaboration with formal relationships
* C) Are based on personal relationships
* D) Are limited to e-commerce businesses
A) Are arrangements whereby two or more organizations work in collaboration without formal relationships, where there is mutual advantage in doing so
3⟩ The form of a strategic alliance is likely to be influenced by which of the following
* A) The market, capabilities, and stakeholder expectations
* B) The power of each partner
* C) CEO discussions on the golf course
* D) The legal frameworks in which the alliance is established
A) The market, capabilities, and stakeholder expectations
4⟩ The major factor in the success of alliances is
* A) Their financial performance
* D) Operational issues
* B) How they are managed
* C) The culture of the partners
B) How they are managed
5⟩ Common problems in making acquisitions work relate to which of the following
* A) Failure to add value and inability to integrate the new company
* B) Lack of cultural fit
* C) The two companies having different core competences
* D) Failure to add value, inability to integrate the new company, lack of organizational learning and poor cultural fit
A) Failure to add value and inability to integrate the new company
6⟩ Internal development is where
* A) An organization develops its strategies by building up its own resource base
* B) An organization develops its strategies by building on its own capabilities
* C) An organization develops its strategies by building up its management team
* D) An organization develops its strategies by building up its financial strength
B) An organization develops its strategies by building on its own capabilities
7⟩ There are three main methods of strategy development
* A) Internal; acquisition; joint development
* B) Internal; external; acquisition
* C) Market development; product development diversification
* D) Design, experience and ideas
A) Internal; acquisition; joint development
8⟩ A successful acquisition is where an organization
* A) Establishes a new subsidiary
* B) Takes over another organization
* C) Develop the capabilities to move into a new market
* D) Develops its strategies by taking over another organization
D) Develops its strategies by taking over another organization
9⟩ Product development can be driven in two ways
* A) With existing capabilities or with new capabilities
* B) Internally and externally
* C) By the management and by the workforce
* D) Market demand
A) With existing capabilities or with new capabilities
10⟩ The strategic option of withdrawal might be considered where
► A) The intrinsic value of a company's products or assets do not change over time
► B) An organization is unable to secure sufficient resources or competences
► C) A change in the expectations of a stakeholder with low power and low interest
► D) An organization is unable to change its competences.
B) An organization is unable to secure sufficient resources or competences
11⟩ Consolidation is concerned with which of the following-
► A) Continuing with current strategies
► B) Protecting and strengthening the organization’s position in new markets through its current products
► C) Protecting and strengthening the organization’s position in its current markets through its current products
► D) Protecting the organization’s position in its current markets through its current products
C) Protecting and strengthening the organization’s position in its current markets through its current products
12⟩ Market penetration in static markets is
► A) Relatively easy
► B) Particularly difficult for weakly positioned organizations
► C) Difficult to achieve for all organizations
► D) Impossible
B) Particularly difficult for weakly positioned organizations
13⟩ Feasibility concerns
* A) Whether an organization has the resources to deliver a strategy
* B) Whether an organization has the competences to deliver a strategy
* C) Whether an organization has the resources and competences to deliver a strategy
* D) Whether a strategy meets the expectations of key stakeholders
C) Whether an organization has the resources and competences to deliver a strategy
14⟩ Strategic development directions can be considered in terms of which of the following-
► A) Products, markets, strategic capabilities and expectations of stakeholders
► B) Products and markets
► C) Withdrawal, product development and consolidation
► D) Strategic capability
A) Products, markets, strategic capabilities and expectations of stakeholders
15⟩ Tell me what does strategic planning method depends on?
There is no one perfect strategic planning model for each organization. The approach or model for strategic planning depends on:
☛ The purpose of strategic planning, for example, if planning is meant to add a new product or program, then the process will probably include market research to verify the need, markets, pricing, etc. for the new product or service.
☛ Whether the organization has done planning before, for example, if the organization has not done planning before, then extensive attention to mission, vision and values statements is probably warranted.
☛ The culture of the organization, for example, some cultures might prefer a "linear" approach from mission, vision, values, quantified goals, strategies, action plans, financial analysis, etc. Other cultures might prefer a more organic and unfolding approach, such as telling stories.
☛ Whether the environment of the organization is changing rapidly, for example, if the environment is changing rapidly, then planning should probably be a shorter term than for an organization who's environment is fairly stable.
☛ Whether the organization has had success in planning in the past, for example, if an organization has done planning in the past but planners do not believe it was successful, then the organization should perhaps undertake a simple, short-term planning process for now.
16⟩ There are three main types of market development
* A) New territories, new segments, new products
* B) New territories, franchising, new segments
* C) Existing segments, new territories, new uses
* D) New segments, new territories, new uses
D) New segments, new territories, new uses
17⟩ Tell me what are the threats in strategy methods of business?
Threats in the world e.g. from changing markets or regulations or from upcoming competition. Threats have to be identified and assessed and when serious, counter measures need to be formulated.
18⟩ Tell me what is business strategy?
The business strategy is input to many activities of architects. Lack of clear strategy complicates the work of architects. At the other hand architects need to contribute to the creation and evolution of the business strategy. We discuss several common methods and models to work on strategy, such as strength, weakness, opportunity and threat analysis, road mapping and technology classification.
19⟩ Give an introduction to strategy methods of trust worthy behavior?
Experimental economists are increasingly using the strategy method for eliciting choices in laboratory and field experiments. Following this method, first subjects state contingent choices for every decision node they may face, then subjects are matched and finally, the appropriate choices are carried out for the nodes that are reached and the other contingent choices are ignored. This contrasts with the more natural game method, in which subjects are first matched, then subjects learn when specific decision nodes are reached and they make a single choice only for realized nodes.
20⟩ Tell me about weaknesses in strategy methods of business?
Weaknesses of the own organization, where the organization has to cope with these weaknesses. Note that acknowledgment of a weakness and relying on outside support is a legitimate way to cope with weaknesses.
