Geb 4890 - Study guides, Class notes & Summaries

GEB 4890 - Business Strategy Chapter 7 Questions and Answers What are reasons that companies expand into foreign markets? to achieve lower costs to gain access to low-cost production to gain access to new customers Companies are often motivated to enter foreign markets to take advantage of new resources and capabilities. Creating a strategy for entering an international market can be more difficult than entering a domestic market because buyer preferences in foreign markets force compani...

GEB 4890 - Exam 2 Latest Already Passed business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to a broad sp...

answerStrives to incorporate upscale product attributes at a lower cost than rivals. This approach is a hybrid strategy that blends the elements of low-cost and differentiation strategies. May be focused or broad. How can the low-cost provider strategy be used to achieve a competitive advantage? - answerIt provides a defense against the 5 competitive forces, can compete based on costs/prices. Identify and describe the 2 major avenues for achieving a cost advantage in an industry - answer-...

GEB 4890 Exam 1 (CH 1, 2, 3, 4, 5&6) Already Graded A company strategy the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors-- reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for set...

GEB 4890 - Business Strategy Chapter 6 Exam Latest Update...

company strategy the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors-- reasons that the competitors are unable to nullify or overcome despite their best efforts. most basic 5 approaches for setting a company apart from rivals and winning a sustaina...

GEB 4890 Exam 2 Questions With Verified Answers Define competitive strategy - answerSpecific efforts to position yourself in the marketplace, please customers, ward off competitive threats, and achieve a competitive advantage. What is the purpose of competitive strategy? - answerTo build customer loyalty and outcompete rivals. Identify the 5 generic competitive strategies - answer-Low-cost provider -Broad differentiation -Focused low-cost provider -Focused differentiation strategy -Bes...

GEB 4890 - Business Strategy Chapter 6 Questions and Answers Already Passed When should a company undertake a strategic offensive? when the company has no option other than to try to lessen a strong rival's competitive advantage when the company identifies a chance to improve its market share at a competitor's expense True or False: A company's strategic offensive is usually based on brand-name recognition. False Price cutting can be an effective strategy for companies that have already...

GEB 4890 Final - Part 2 Latest Graded A Blue Ocean strategy - Offensive strategy that seeks to gain dramatic new competitive advantage by inventing a new industry or market segment that renders existing competition largely irrelevant and allows a company to create altogether new demand in the absence of competitors - Market space, where the industry has not yet taken shape, with no rivals, wide-open, long- term growth and profit potential for a firm that can create a demand for new types o...

GEB 4890 Exam 1 (CH 1,2,3,4,5&6) Questions and Correct Solutions 2024 company strategy - Answer -the set of actions that its managers take to outperform the company's competitors and achieve superior profitability. what makes a competitive advantage sustainable: - Answer -are elements of the strategy that give buyers lasting reasons to prefer a company's products or services over those of competitors--reasons that the competitors are unable to nullify or overcome despite their best effor...