ENG3 Strategy

Question 1

to express clearly

Answer 1

to articulate

adj: (in)articulate, noun: articulation
e. g. “We need to articulate a long-term vision.”

Question 2

to form an opinion about sth. based on the information which is available, to infer

Answer 2

to deduce

noun: deduction, verb: deductive
e. g. “Can I deduce from your silence that you don’t agree?”

Question 3

to develop gradually, esp. from a simple to a more complicated form, e.g. “How will our industry

Answer 3

to evolve

noun: evolution

Question 4

here: to make productive use of , e.g. “She fully exploited all her opportunities”.

Answer 4

to exploit
noun: exploitation
(These words are also used disapprovingly in the sense of “to use sth or treat sb unfairly.”)

Question 5

to encourage sb or sth to develop

Answer 5

to foster

e.g. to foster innovation

Question 6

to get to a better position by going past sb else or by missing some stages

Answer 6

to leapfrog

e.g. “to leapfrog the experience curve.”

Question 7

here: to use (for gain), to exploit

Answer 7

to leverage

Question 8

to duplicate, to repeat

Answer 8

to replicate

e.g. “a strategy which is difficult to replicate”

Question 9

to improve sth by making small changes to it

Answer 9

to refine

noun: refinement
e. g. “We need to refine our approach.”

Question 10

to become, and continue to be, successful, strong etc.

Answer 10

to thrive (on)
e.g. "Some people thrive on competition."

Question 11

to turn something upside down

Answer 11

to upend sth.

e.g. “Globalization has upended the business environement.”

Question 12

the process of changing

Answer 12

adaption

verb: to adapt, adjectives: adaptive (an adaptive andvantage), adaptable
e. g. “rapid adaption to new market coniditions”

Question 13

nimbleness (Gewandtheit)

Answer 13

agility

e.g. “Good managers have the mental agility to deal with complex strategic issues.”

Question 14

here. increase in value over a period of time

Answer 14

appriciation

verb: to appreciate
e. g. “an appreciation in real estate values.”

Question 15

a large group or collection of people or things

Answer 15

array

e.g. “an array of hardware partners”

Question 16

the process of spreading sth over a wide ares

Answer 16

dispersal

verb: to disperse
e. g. “The dispersal of decision rights encourages innovation.”

Question 17

here: the act of doing a piece of work, performing a duty etc.

Answer 17

execution

verb: to execute, adjective: executive, executive (Führungskraft)
e. g. “Everyone contributes to the execution of our stragtegy in some way.”

Question 18

purpose, intention

Answer 18

intent

verb: to intend (to)
e. g. “our strategic intent”

Question 19

an inducing or compelling force (Hebel)

Answer 19

lever

e.g. “ a lever for increasing motivation”

Question 20

a person (or company) with unusual opinions / ways of doing tings

Answer 20

maverick

Question 21

something that will sovle all the problems in a situation

Answer 21

panacea

e.g. “This approach is no panacea”

Question 22

great skill at doing sth

Answer 22

prowess

e.g. “her academic prowess”

Question 23

here: size or extent of sth, especially when compared with sth else

Answer 23

scale

Question 24

here: a change

Answer 24

shift

verb: to shift
e. g. “There has been a shift in customer behaviour”

Question 25

the advantages someone gets from being successful

Answer 25

spoils (pl) | e.g. "The spoils go to those companies who can create an aptive advantage"

Question 26

a geographic, economic or specialised subdivision of the market

Answer 26

sub-market

Question 27

next to, near sth

Answer 27

adjacent noung: adjacency e. g. "an adjacent market"

Question 28

dependent on each other

Answer 28

co-dependent

Question 29

widespread

Answer 29

diffused verb: to diffuse, noun: diffusion e. g "IT has become diffused through the whole economy"

Question 30

causing problems so that sth can't continue normally

Answer 30

disruptive noun: disruption, verb: to disrupt e. g. "the presence of a disruptive competitor"

Question 31

lasting for a long time

Answer 31

enduring | e.g. "an enduring competitive advantage"

Question 32

able to move quickly and easily

Answer 32

nimble | e.g. "Only very nimble companies will survive"

Question 33

out of adate, no longer used

Answer 33

obsolete noun: obsolescence e. g. "obsolete routines"

Question 34

able to continue or be continued for a long time without becoming less

Answer 34

sustainable verb: to sustain (aufrechterhalten), noun: sustainability e. g. "a sustainable competitive advantage"

Question 35

a specific part of an industry

Answer 35

industry domain | e.g. "Which industry domain do we want do compete in?"

Question 36

a statement of the purpose of a company (Unternehmensleitbild"

Answer 36

mission statement

Question 37

a promise of value to be delivered to the customer (Wertversprechen, Nutzenversprechen)

Answer 37

value proposition

Question 38

to create a problem, threat etc. that needs to be dealt with

Answer 38

to pose a challenge/danger/risk for

Question 39

to make a task more difficult

Answer 39

to raise the bar

Question 40

something extra that is added to an already good situation

Answer 40

the icing on the cake

Question 41

a firmly established belief (so that it's difficult to change it)

Answer 41

an entrenched belief

Question 42

to reduce the risk of losing by having several options available to you

Answer 42

to hedge your bets