Business Strategy Flashcard

Front

Why did Blockbuster fail as Netflix succeeded? Options: Blockbuster relied too much on late fees, Blockbuster ignored online streaming and subscription models, Netflix bought out Blockbuster’s assets, Blockbuster focused on gaming instead of movies

Back

Blockbuster ignored online streaming and subscription models

Front

How did Starbucks recover from its financial struggles in the late 2000s?

Back

Focused on improving store ambiance and customer experience

Front

What was Tesla’s main innovation in the automotive industry?

Back

Creating high-performance, long-range electric vehicles (EVs)

Front

How did Apple revolutionize the smartphone industry?

Back

Created an ecosystem of devices and an App Store

Front

What major strategy helped Amazon dominate e-commerce?

Back

Expanding into cloud computing and logistics

Front

How did McDonald's improve efficiency in its operations?

Back

Implementing the "Speedee Service System" for fast food preparation

Front

What was the key reason Uber succeeded in disrupting the taxi industry? Options: Owned a large fleet of taxis, Allowed customers to hail rides through a mobile app, Partnered with traditional taxi companies, Focused only on luxury car services

Back

Allowed customers to hail rides through a mobile app

Front

How did Airbnb disrupt the hotel industry?

Back

Allowed people to rent out their homes and rooms via an online platform

Front

What is the primary purpose of AIESEC?

Back

To develop leadership in young people through cross-cultural exchanges

Front

Which of the following is NOT one of AIESEC’s leadership qualities? World Citizen, Entrepreneurial Spirit, Risk Aversion, Empowering Others

Back

Risk Aversion