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Exam 6: Developing Strategic Alternatives

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Question 21

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Environmental analysis is an integral part of strategy formulation.

A) True
B) False

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Question 22

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What are the alternative strategies available to an organization included in the class of strategies known as adaptive strategies - expand, reduce, or maintain scope?

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Expansion of scope strategies include di...

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Question 23

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Why is it unlikely that a single strategy will be sufficient for an organization?

Divestiture is a contraction strategy in which an operating strategic service unit is sold off as a result of a decision to permanently and completely leave the market despite its current viability.

Strategic alliances are special variants of venture capital investments in which several venture capital firms pool an investment in a single entity.

Which of the following is NOT an expansion of scope strategy?

In making decisions concerning the five categories of strategies (directional strategies, adaptive strategies, market entry strategies, competitive strategies, and implementation strategies), the order in which the strategies are addressed is inconsequential since the strategies are mutually exclusive.

Strategic posture is the way organizations behave within their market segments or industry.

Market development is an adaptive strategy that an organizational unit or division can use to enter new markets with present products or services.

By pursuing maintenance of scope strategies, management believes which of the following?

Strategic planning is essentially decision making, deciding which strategy from among the many available alternatives the organization will pursue.

Market entry strategies are the means for accomplishing the ends of adaptive strategies.

Which of the following is a disadvantage of merger as market entry strategy?

In a focused factory strategy, an organization:

Cost leadership is an adaptive strategy for the expansion of an organization's scope.

The strategy formulation decision logic provides a sequence for making the strategic decisions.

What is the linkage between strategic planning and decision making?

What are the differences between the market entry strategies of acquisition, merger, and internal development?

The choice of a strategic alternative creates additional direction for an organization and subsequently shapes its internal systems.