Bpl - Study guides, Class notes & Summaries

BPL 5100 Chapter 5 Test Questions and Answers Potential Pitfalls of Focus Strategies - Answer-Cost advantages may erode within the narrow segment; Even product and service offerings that are highly focused are subject to competition from new entrants and from imitation; Focusers can become too focused to satisfy buyer needs The goal of a combination strategy - Answer-to provide unique value in an efficient manner Four approaches to combining overall low cost and differentiation - Answer-a...

BPL 5100 Exam Questions and Answers

BPL 5100 - QUIZ 1[ANSWERED] 2024 what is strategic management? - the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing their strategies what are the attributes of strategic ...

BPL 5100 Study Test Questions with Answers Perceptual acuity - Answer-the ability to sense what is coming before the fog clears environment awareness - Answer-scanning, monitoring, and gathering competitive intelligence, and using these inputs to develop forecasts. competitive intelligence - Answer-a firm's activities of collecting and interpreting data on competitors, defining and understanding the industry, and identifying competitors' strengths and weaknesses. Environmental foreca...

Successful Strategy correct answers Long-term, simple and agreed-upon objectives Profound understanding of competitive environment Objective appraisal of resources romantic view of leadership correct answers leader is the force in determining company's success external control view of leadership correct answers external forces determine org success, leader has limited influence ex, technological advancements, economic downturns, war Strategic management correct answers consists of ...

BPL 5100 Test Questions with Correct Answers How to fulfill higher goals: - Answer-SMART - Specific, Measurable, Appropriate, Realistic, Timely Succesful Strategy - Answer-Long-Term, Simple and Agreed Objectives Understanding of competitive environment Understanding of internal resources Tools for Analyzing the External Environment - Answer-SWOT, Environmental Analysis, Industry Analysis SWOT - Answer-Strengths (INDIVIDUAL), Weakness (INDIVIDUAL), Opportunities (EXTERNAL), Threats (E...

BPL 5100 - Quiz 1 Exam Questions All Correct Answers Current Update what is strategic management? - Answer -the analyses, decisions, and actions an organization undertakes in order to create and sustain *competitive advantages* elaboarate: analyses, decisions and acitons taken during stratregic management - Answer -analyses: analyzing the strategic goals (vision, mission) decisions: what industries should we compete in? how should we compete in those industries? actions: implementing...

BPL Chapter 7 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified

BPL 5100 QUIZ 2 >> QUESTIONS AND ANSWERS LATEST | 2024 To create a competitive edge companies need to focus on ________________ - customers' evolving wants and needs Porter's three generic strategies: - 1. Overall Cost Leadership 2. Differentiation 3. Focus Differentiation is perceived from the____________ - client/customer Differentiated goods are the opposite of__________ - luxury goods Luxury goods are only for__________. Differentiated goods are marketed to ____________ - a n...

BPL 5100 Quiz 2 Exam Questions Marking Scheme Current Update How to overcome the five forces and achieve competitive advantage? - Answer -Porter's three generic strategies Porter's Three generic strategies - Answer -1. Overall Cost Leadership 2. Differentiation 3. Focus Overall Cost leadership involes - Answer -- aggressive construction of efficient scale facilities - vigorous pursuit of cost reductions from experience - tight cost and overhead control - avoidance of margina...