Strategic Management

Which of the following is NOT part of a company's macro-environment?

• The company's resource strengths, weaknesses and competitive capabilities.
• Economic factors.
• Political and Socio-Cultural factors.
• Technological factors and Legal conditions.

The most widely used tool for diagnosing the principle competitive pressures in a market is the:

• SWOT.
• Competitor Profiling.
• Five Forces Model.
• Market analysis.

Competitive pressures on companies within an industry come from those:

• companies in other industries attempting to win buyers over to their substitute products.
• associated with the market maneuvering that goes on among rival firms in the industry.
• associated with the threat of new entrants into the marketplace.
• all of these.

The nature & strength of the competitive forces that prevail in an industry is generally a joint product of:

• competition from rival sellers.
• competition from producers of substitute products.
• competitive pressures stemming from the bargaining power of suppliers and buyers.
• all of these.

A company’s strategic plan:

• maps out the company’s history.
• links the company’s financial targets to control mechanisms.
• outlines the competitive moves and approaches to be used in achieving the desired business results.
• all of these.

A company’s strategic vision describes:

• why the company does certain things in trying to please its customers.
• management’s storyline of how it intends to make a profit with the chosen strategy.
• management’s aspirations for the future and delineates the company’s strategic course and long-term direction.
• what future actions the enterprise will likely undertake to outmaneuver rivals and achieve a sustainable competitive advantage.

Well-stated objectives are:

• quantifiable or measurable, and contain deadlines for achievement.
• clear, succinct, and concise so as to identify the company’s risk and return options.
• directly related to the dividend payout ratio for stockholder returns.
• all of these.

Try to guess: in 2010, which was the global company with more stores in the world?

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With franchising strategy:

• Firms make their product and services in its home country to export them to foreign markets

• Foreign companies are allowed to use the company’s technology or to produce and distribute the company’s products and service

• A separate organization operates the business with the name of another company, in exchange for money

What are the 4 P?

• Price, Promotion, Place, Profit

• Price, Place, Promotion, Prince

• Price, Promotion, Product, Place

• Pizza, Poker, Party, Pasta