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GEB 4890 Exam #1 Questions with Correct Answers
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GEB 4890 Exam #1 Questions with Correct Answers
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GEB 4890 Exam #1 Questions with Correct AnswersA winning strategy must pass which three tests? Correct Answer-the fit
test, the competitive advantage test, and the performance test
Due to impending labor strife over planned layoffs in its Silicon Valley
headquarters, a social networking company has decided to outsource its
programming operations to an emerging market, India, to obtain cheaper
labor. Since then, this social networking company has encountered
criticism that has diminished its current market position and staff
productivity. You have been retained by this company to develop an
appropriate reactive (emergent) strategy that would begin by Correct
Answer-cancelling the job cuts till the market situation and entry
operations stabilize.
An evolving strategy for a ride-share business like Uber or Lyft is not
likely to be triggered by Correct Answer-their need to respond to short-
term swings in the stock market that impact timing of an initial public
offering (IPO).
It is normal for a company's strategy to end up being Correct Answer-a
blend of proactive actions to improve the company's competitiveness
and financial performance, and adaptive reactions to unanticipated
developments and fresh market conditions.
A regional electric scooter manufacturer sells its scooter at a lower price
than other manufacturers of two-wheeler scooters. What will make the
product most attractive for customers? Correct Answer-high value
, Why are crafting and executing business strategies the foremost tasks of
any organization? Correct Answer-because a good strategy coupled with
a good strategy execution are the most telling signs of good management
and allow a company to be a standout performer in the marketplace
A company's strategy stands a better chance of succeeding when Correct
Answer-it is predicated on competitive moves aimed at appealing to
buyers in ways that set the company apart from rivals.
A winning strategy is one that Correct Answer-fits the company's
internal and external situation, builds sustainable competitive advantage,
and improves company performance.
Identify the company with a low-cost provider strategy. Correct Answer-
A baby products retailer sells unassembled baby furniture produced in
China.
In evaluating proposed or existing strategies managers should Correct
Answer-scrutinize the company's existing strategies on a regular basis to
ensure they offer a good strategic fit, create a competitive advantage,
and result in above-average performance.
The primary role of a functional strategy is to Correct Answer-determine
how to support particular activities in ways that support the overall
business strategy and competitive approach.
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