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Memorise this! Flashcards

1
Q

What are some factors in a strategic value position?

A
  1. Price
  2. Product
  3. Manufacturing
  4. Marketing
  5. Mission
  6. HRM
  7. Design
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2
Q

What are the factors in Porter’s 5 Forces?

A
  1. Threat of substitutes
  2. Threat of new entrants
  3. Bargaining power of buyers
  4. Bargaining power of suppliers
  5. Intensity of rivalry among existing competitors
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3
Q

What are Porter’s Generic Strategies?

A
  1. Cost leadership
  2. Differentiation
  3. Focus (cost)
  4. Focus (differentiation)
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4
Q

What factors are included in a value chain analysis?

A
  1. Firm infrastructure
  2. HRM
  3. Technology
  4. Procurement
  5. Design
  6. Distribution
  7. Sourcing & Manufacturing
  8. Marketing & Sales
  9. Operations
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5
Q

What is the VRIO Framework?

A
  1. Valuable
  2. Rare
  3. Imitable
  4. Organized to capture value
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6
Q

What are the stages of an industry life cycle?

A
  1. Introduction
  2. Growth
  3. Shakeout
  4. Mature
  5. Decline
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7
Q

What are the types of innovation?

A
  1. Radical
  2. Incremental
  3. Disruptive
  4. Architectural
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8
Q

What are the types of disruptive tech?

A
  1. Low-end disruption

2. New-market disruption

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9
Q

What are the strategies for internal exploitation?

A
  1. First-mover
  2. Follower/Imitator
  3. Side entrance
  4. Derivative
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10
Q

What are the strategies for external exploitation?

A
  1. Licensing

2. Spin-off

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11
Q

What does ERRC stand for?

A
  1. Eliminate
  2. Reduce
  3. Raise
  4. Create
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12
Q

What are the types of horizontal diversification?

A
  1. Single business
  2. Dominant business
  3. Related business
  4. Unrelated business
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13
Q

What is the BCG Share Growth Matrix?

A
  1. Question Mark
  2. Star
  3. Dog
  4. Cash Cow
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14
Q

How do you analyse a firm’s diversification strategy?

A
  1. Analyse its shared resources/capabilities
  2. Identify its core competencies
  3. Better-off test
  4. Ownership test
  5. Organization test
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15
Q

What is the CAGE Framework?

A
  1. Cultural differences
  2. Administrative differences
  3. Geographical differences
  4. Economic differences
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16
Q

What is the integration-responsiveness framework?

A
  1. International
  2. Transnational
  3. Global standardization
  4. Multi-domestic
17
Q

What are the different sources of synergies (for better-off test)?

A
  1. Linkage influence
  2. Stand-alone influence
  3. Corporate development

Strategy (2 decks)

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