Blue ocean strategy - Study guides, Class notes & Summaries

MAN 320F EXAM 2 AROIAN UPDATED ACTUAL Questions and CORRECT Answers Blue Ocean Strategy - CORRECT ANSWER- strategy where it includes all industries not in existence, unknown market space going where the profits and growth is, not where the competition is Red Ocean Strategy - CORRECT ANSWER- all industries in existence, the known mkt space industries never stand... - CORRECT ANSWER- still

flash memory & Hard Disk - ANSWERSNon-volatile memory can maintain stored information even after the power is turned off. Examples of non-volatile memory include: (select all that apply) flash memory Hard Disk RAM All of the Above Blue Ocean Strategy - ANSWERSInstead of competing with established firms in an existing network market, firms should seek uncontested, new market spaces. This is called: Blue Zone Strategy Blue Ocean Strategy Red Waters Strategy Shark Tank Strategy Move...

Articles to Read correct answers 1. What is strategy? 2. Porter's 5 Competitive Forces 3. Core Competency 4. Adaptability 5 Connect and Develop for Innovation 6. Using the Balance Scorecard 7. Secrets to Successful Strategy Execution optional, but not on the test: Blue Ocean What is Strategy? by Porter: Key Takeaways (week 1/Overview of Strategic Management) correct answers A company can outperform rivals only if it can establish a difference that is can preserve. Companies that t...

Blue Ocean Strategy - Answer-- Successfully combining differentiation and cost-leadership activities - Uses value innovation to reconcile trade-offs (Between Differentiation & Cost Leadership) "Untapped Market Space" "Create additional demand" "Opportunity for Highly Profitable Growth" How to Increase Consumer Perceived Benefits? - Answer-- Raise, raise the standard and industry norm to your business - Create, Create something the industry has never offered Wha...

Market concentration/competitive intensity correct answers extent or degree to which a relatively small number of firms account for a relatively large percentage of the market An industry in which market share is "concentrated" in the hands of a few firm is likely to be correct answers less competitive than one in which market share is dispersed among many small firms HHI correct answers is often used to measure market concentrations HHI = 1 correct answers Firm is a monoply Blue o...

Blue Ocean Strategy - Answer-strategy where it includes all industries not in existence, unknown market space going where the profits and growth is, not where the competition is Red Ocean Strategy - Answer-all industries in existence, the known mkt space industries never stand... - Answer-still strategic move - Answer-the set of managerial actions and decisions involved in making a major market-creating business offering with technology & globalization, it has led to what? - Answer...

Affordance Decomposition Ans: The isolation of the specific functions, meanings, limitations, and challenges that can be provided by a given technology or capability. Application service provider (ASP) Ans: A business that provides computer-based services to customers over the internet. This means that all management of the application can be handled by the provider. Aspiration Ans: A long term goal that a user hopes to achieve. Barriers Ans: Choke points and pressure points that a us...

Cloud Computeing - ANSWERSShared pools of configurable computer system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the internet. Non-Volatile Memory - ANSWERSMore permanent storage like flash or hard disk One-Sided Market - ANSWERSderive most of their value from a single class of users Blue Ocean Strategy - ANSWERSAn approach where firms seek to create and compete in uncontested "blue ocean" market spaces, rather than ...

OAM 331 Exam 2 Questions With Correct Answers Blue Ocean Strategy Key Takeaways (C12) - answer-Red oceans are existing industries, blue ocean means doing business where there is no competition. -Blue ocean strategy is not about technology innovation. -Incumbents often create blue oceans within their core business. -The most appropriate unit of analysis is not an industry or company, but the managerial actions and decisions to create a market (aka strategic move). -Never use competition a...

Which of the following is not one of Porter's generic business level strategies? - Cost Leadership - Differentiation - Economies of Scale - Focus : Economies of Scale Which of the following is more of a value driver than a cost driver? - Economies of Scale - Superior Customer Service - Experience-curve Effects - Learning - curve effects : Superior Customer Service Which of the following statements is true of a strategic position? 2 - Choosing a strategic position requires mak...