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Any external characteristic of an organisation that inhibits restricts its performance is categorised as a(n) :


A) strength
B) weakness
C) opportunity
D) threat
E) None of these choices.

F) A) and B)
G) B) and E)

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D

Due to a decrease in the number of independent diamond mines over the past 30 years,jewellery makers have had fewer businesses to purchase their inputs from.Such a situation would most closely be associated with the ______________________ (four words)in Porter's 'five forces' model.

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bargaining...

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List the three global corporate strategies.

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Globalisation strate...

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The question,'What business are we in?' concerns ___________________________ (two words)strategy.

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According to the text,some people argue that _____________ is the most difficult and most important part of strategic management.


A) SWOT analysis
B) strategic formation
C) strategic implementation
D) strategic analysis
E) strategy evaluation

F) A) and E)
G) C) and E)

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A(n) ____________ refers to any capability to leverage and develop more from the organisation's existing assets in a way that will provide it with a sustained competitive advantage.


A) external opportunity
B) internal strength
C) dynamic capability
D) cooperative strategy

E) None of the above
F) A) and B)

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C

Leveraging and developing more from the organisation's existing assets,capabilities and core competencies in a way that will provide a sustained competitive advantage is known as a(n)__________________ (two words).

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Porter's 'five forces' model includes: potential of new entrants,bargaining power of suppliers and buyers,substitute products,and government.

A) True
B) False

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The ______________ strategy can be profitable for an organisation because customers are loyal and willing to pay high prices.


A) focus
B) globalisation
C) overall cost leadership
D) differentiation
E) liquidation

F) B) and D)
G) C) and D)

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The modification of product design and advertising strategies to suit the specific needs of individual countries is referred to as a:


A) domestic strategy
B) global strategy
C) transnational strategy
D) multidomestic strategy
E) market design strategy.

F) A) and B)
G) All of the above

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With a focus strategy,the organisation concentrates on a specific regional market or buyer group.

A) True
B) False

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Using Exhibit 8.3 describe the stages of the strategy implementation process.Using examples,identify the types of decision do you believe would be made at each stage in the process.

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Students should be able to identify all ...

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The stage of strategic management that involves use of managerial and organisational tools to direct resources towards achieving strategic outcomes is known as ___________________ (two words).

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strategy i...

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An organisation's opportunities and threats typically emanate from the internal environment.

A) True
B) False

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Porter's three generic strategies include cost-leadership,differentiation and focus.

A) True
B) False

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Which of these typically includes a search for SWOT that affect organisational performance?


A) Strengths and weaknesses
B) Opportunities and threats
C) Situational analysis
D) External environment analysis
E) Cultural analysis

F) B) and C)
G) All of the above

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A type of corporate-level strategy that relates to the conceptualisation and management of an organisation's mix of business units or product lines is known as a ______________________________________(two words).

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The strengths and weaknesses of an organisation usually emanate from its internal environment,while opportunities and threats usually emanate from its external environment.

A) True
B) False

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True

Differentiation,cost leadership and focus are three of Porter's competitive strategies.

A) True
B) False

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The three levels of strategy are business,corporate and global.

A) True
B) False

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