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WorksheetsThe BIG Papa John's Game Show
Total questions: 20
Worksheet time: 10mins
What is it called when a company performs the same strategy?
For which time frame is exploration useful?
Long-term
Short-term
What is the difference between the macro- en microenvironment?
There is a one-letter difference between micro and macro.
A company can influence the macroenvironment, but it cannot influence the microenvironment.
A company cannot influence the macroenvironment, but it can influence the microenvironment to a certain extent.
A company cannot influence the macroenvironment and the microenvironment.
Whether an industry’s entry barriers ought to be considered high or low depends on the resources and capabilities possessed by the pool of new entrants. True or false?
true
false
The purpose of Value Net analysis is to help managers discover the potential to improve their position through solely cooperative interactions. True or false?
Do all competitive forces determine the extent of the competitive pressure on industry profitability?
True
False
What is the order of the application of the driving forces model?
1) Assess the input of the forces driving industry change, 2) identify and 3) adjust the strategy to prepare for the impact of driving forces
1) Identify, 2) adjust the strategy to prepare for the impact of driving forces and 3) assess the input of the forces driving industry change
1) Identify, 2) assess the input of the forces driving industry change and 3) adjust the strategy to prepare for the impact of driving forces
The axes of the strategic group mapping should not be very correlated. True or false?
True
False
All positions on the strategic group map are equally attractive
True
False
The company should position itself where its biggest competitor is: it should look for the blank space. True or false?
True
False
Which of the following statements about the 4 indicators for the competitor analysis is NOT correct?
Current strategy: how the company is competing currently
Resources and capabilities: only key strengths and weaknesses
Objectives: solely strategic objectives
Assumptions: held about company itself and the industry
For any industry, the Key Success Factors can be deduced by answering three basic questions which of the following questions is correct?
On what basis do sellers of the industry’s product choose between the competing brands of sellers
What resources and competitive capabilities must a company have to be competitively successful?
What benefits are almost certain to put a company at a significant competitive advantage?
The degree to which an industry is attractive or unattractive is the same for all industry participants and potential entrants. True or false?
What makes a resource and/or capability a competitive asset?
It’s a resource and/or capability which a company can use to its advantage, relative to competitors.
It’s a resource and/or capability which a company has in common with its competitors.
What makes a resource and/or capability highly inimitable?
The resource and/or capability is just very difficult to copy for competitors.
The resource and/or capability is based on a company’s culture or network, which is difficult to imitate.
The resource and/or capability is so complex that competitors cannot figure out how it’s used as a competitive advantage, thus, they cannot copy it.
The resource and/or capability is socially unreplicable and competitors possess a lack of understanding the cause-and-effect interactions between the resources and competitive advantage.
What should a company’s strategy mainly focus on?
Defending themselves against threats
Capturing opportunities
Finding strengths
Correcting their weaknesses
Dominos and Papa Johns both have a pizza delivery service. With what type of analysis can Papa Johns determine how to gain a value advantage over Dominos in this aspect?
Benchmarking
The value net
Competitor framework
The value chain analysis
How are value-creating activities and resources and capabilities connected?
Value-creating activities are based on resources and capabilities.
Value-creating activities turns capabilities into core or distinctive competences.
Value-creating activities and resources and capabilities are analysed in order to determine a company’s competitiveness on value and cost.
All answers are correct.
Papa John’s is facing fierce competition against the Big Four, up until the point where there is no new demand for its pizzas anymore. What type of situation is this?
Market saturation
Market fragmentation
Based on the value chain and resources and capabilities analysis, a company can determine its overall competitive strength. True or false?
