BUSA 2100 FINAL EXAM QUESTIONS AND ANSWERS PASS GUARANTEED LATEST UPDATE
4 views 0 purchase
Course
BUSA 2100
Institution
BUSA 2100
BUSA 2100 FINAL EXAM QUESTIONS AND ANSWERS PASS GUARANTEED LATEST UPDATE
What is a Organizational chart: - Answer- structure of a company's internal or external layout of responsibilities and authority
Sustainable competitive advantage - Answer- a competitive advantage that other companies hav...
BUSA 2100 FINAL EXAM QUESTIONS
AND ANSWERS PASS GUARANTEED
LATEST UPDATE
What is a Organizational chart: - Answer- structure of a company's internal or external
layout of responsibilities and authority
Sustainable competitive advantage - Answer- a competitive advantage that other
companies have tried unsuccessfully to duplicate and have stopped trying to duplicate.
The three step process to strategy making is: - Answer- 1. asses a need for strategic
change
2. Conduct situational analysis
3. Choose strategic alternatives
Competitive inertia - Answer- a reluctance to change strategies or competitive practices
that have been unsuccessful in the past
Strategic dissonance - Answer- a discrepancy between a company's intended strategy
and the strategic actions managers take when implementing that strategy.
Distinctive competence - Answer- what a company can make, do or perform BETTER
than its competitors.
To formulate effective strategies companies must be able to answer these three
questions: - Answer- 1. What business are we in?
2. How should we compete in this industry?
3. Who are our competitors, and how should we respond to them?
Diversification: - Answer- a strategy for reducing risk by owning a variety of items
(stocks, businesses) so that the failure of one stock or business does not doom the
entire portfolio
Portfolio strategy - Answer- a corporate level strategy that minimizes risk by diversifying
investment among various businesses or product lines
BCG Matrix: - Answer- a portfolio strategy, developed by the Boston Consulting Group,
that categorizes a corporations businesses by growth ate and relative market share and
helps managers decide how to invest corporate funds
, Grand strategy - Answer- a broad corporate level strategic plan used to achieve
strategic goals and guide the strategic alternatives that managers may use
Growth strategy: - Answer- A strategy that concentrates on increasing profits, revenues,
market share or the number of places in which the company does business
Stability strategy: - Answer- strategy that concentrates on improving the way in which
the company sells the same products or services to the same customers.
Retrenchment strategy - Answer- a strategy that focuses on turning around very poor
company performances by shrinking the size or scope of the business.
Industry level strategy - Answer- a strategy that addresses the questions "how should
we compete in this industry"
Porter's Five Industry Forces are: - Answer- - Threat of new entry
- Competitive rivalry
- Supplier power
- Buyer power
- Threat of substitution
The Four Generic positioning strategies are: - Answer- - Cost leadership
- Differentiation
- Cost focus
- Differentiation focus
Firm level strategy - Answer- strategy that addresses the question "how should we
compete against a particular firm?"
A strategic attack - Answer- a competitive move designed to reduce a rivals market
share or profits
A strategic response: - Answer- competitive countermove, prompted by a rivals attack,
to defend or improve a company's market share or profits
Organizational structure - Answer- the vertical and horizontal configuration of
departments, authority and jobs within a company
Departmentalization: - Answer- subdividing work and workers into separate
organizational units responsible for completing particular tasks
Functional departmentalization: - Answer- organizing work and workers into separate
units responsible for particular business functions or areas of expertise
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
