Exam 1 Strategic Management Flashcards
How many placements in the top 100 in the world with the BSG did we have in our first actual year of competition?
23
Which of the following universities had the most placements in the Top 100 in the world over the last academic year?
The University of Texas at Dallas
What is the present value of an annuity of presenting a paper at Cambridge?
$560,000
What is the present value of an annuity of presenting a paper at Oxford?
$560,000
What is the present value of an annuity of presenting a paper at Harvard?
$280,000
Which of the following universities in Texas has the highest tuition?
UTD
Which of the following describes a Strategic Gap Analysis?
- Identify research
- identify capability
- select strategy
- fill in gap
Who is the senior author of official textbook for this class?
Greg Dess
Which of Hofstede’s 6-D model is most important in terms of predicting long term professional success?
Long term orientation
UTD chooses to use which Generic Strategy?
differentiation
Low cost Leadership
Overall cost leadership = a firm’s generic strategy based on appeal to the industrywide market using a competitive advantage based on low-cost. Cost leadership requires a tight set of interrelated tactics, including close scrutiny of the value chain.
Differentiation
Differentiation strategy = a firm’s generic strategy based on creating differences in the firm’s product or service offering by creating something that is perceived industrywide as unique and valued by customers. Firms may differentiate themselves in both primary and support activities. Firms achieve and sustain differentiation advantages and attain above-average performance when their price premiums exceed the extra costs incurred in being unique.
Focus
Focus strategy = a firm’s generic strategy based on appeal to a narrow market segment within an industry. A firm following this strategy selects a segment or group of segments and tailors its strategy to serve them. The essence of focus is the exploitation of a particular market niche.
Cognitive Complexity
how well people perceive things. It has to do with how a person looks at events, structures, or experiences and how correctly an individual analyzes based on how complex their cognition, or thinking, structures have become
Cognitive Differentiation
enables an individual to perceive differences in the features of a stimulus object and to make fine distinctions between that object and others
concept of cognitive differentiation refers to the number of different dimensions of meaning, or personal constructs, that a person has available within his or her system of meaning.
