Chapter 3 - Strategic Position

Question 1

Diamond of national advantage

Answer 1

1. Firm Strategy, Structure and Rivalry
2. Factor conditions
3. Related and supporting industries
4. Demand conditions

Question 2

Competencies and core competencies

Answer 2

1. Core comp - unique skill or technology that creates customer value
2. Resources and capabilities are building blocks
3. Create & value adding strategy

Question 3

3 types of positioning

Answer 3

1. Need based
2. Variety based
3. Access based

Question 4

Organisational Policy

Answer 4

1. Area-organizations interact
2. Co-operative or hierarchical
3. Org- most resources- dictate rules
4. shared rules and meanings

Question 5

Customer value

Answer 5

1. benefit customer gets > cost
2. Two stages- Before and after purchase
3. value perceived at various levels
4. understand- customer value

Question 6

Strategic gap

Answer 6

1. current & one stated in mission…. ..

2. threat to survival & future perf

Question 7

Gap Analysis

Answer 7

1. Diff between

2. Strat Allocation & integration of inputs and current allocation

Question 8

Types of gaps

Answer 8

1. Performance - innovation and expansion
2. Product/ market gap
3. Profit gap
4. Man power gap

Question 9

Structural drivers of change- Why

Answer 9

1. Crisis
2. Performance Gaps
3. New technology
4. Identification of opportunities
5. Reaction to internal and external pressure
6. Mergers and acqusitions
7. Sounds good
8. Planned abdonment

Question 10

Structural drivers of change - What

Answer 10

1. Mission…..
2. Technology
3. Human based
4. Task- job design
5. Organizational structure
6. Organizational culture