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- 1. A strategy is a fundamental pattern of present and planned objectives , resource deployments and interactions of an organization with markets , competitors , and other environmental factors . Select one : True False 2. Strategic inertia refers to the automatic continuation of strategies successful in the past , even though current market conditions are changing . Select one : True False25) It is important to understand both the similarities and differences between the two matrix tools in order to better help manage complexity in large firms. Which of the following statements is false with regards to the BCG Matrix and the GE- Matrix? a) The GE- Mckinsey Matrix has nine cells, while the BCG matrix has four cells b) Market share is a reflection of competitive strength, while industry attractiveness is represented by market growth in the BCG Matrix c) Market share is more forward looking while competitive strength is more historical in its perspective d) The GE-McKinsey Matrix is a holistic and inclusive approach that aid in prioritizing resource allocation for businesses in a portfolio that would benefit the mostOne of the differences between a Business strategy and a Digital strategy is that a business strategy is often a well-established long-term model. In contrast, a digital strategy is dynamic and adaptable. A. True B. False
- Give typing answer with explanation and conclusion A(n) _____ is an internal skill or capability that does not enable a company to choose and implement strategies that support its mission. a. organizational threat b. organizational weakness c. process gain d. market threat e. economic downswing1. Companies that can retain _______________by satisfying them better than the competitors will be more ______________ in the long run: a. More customers, profitable b. Fewer customers, unprofitable c. More customer base, unprofitable d. More customers, stable 2. The marketing environment where firms compete is not: a. Ever changing b. Dynamic c. Fast changing d. Static 3. Marketing objectives can best be described as: a. How the company utilizes it resources b. The amount of profit the company wants to achieve over a given period c. The end results or outcomes that a company is looking to achieve within a given timeframe d. The tactics that the company utilizeWhat events might trigger the need for recalibration? How do analysts maintain models throughout their life cycle? What might indicate a model needs to be improved? Replaced? Retired?.
- Which of the following is NOT typically a trigger to an evolving strategy? A. the need to keep strategy in step with changing circumstances, market conditions, and changing customer needs and expectations B. the proactive efforts of company managers to fine-tune and improve one or more pieces of the strategy C. the need to abandon some strategy features that are no longer working well D. the need to respond to the newly initiated actions and competitive moves of rival firms E. the need to respond to short-term swings in the stock marketTo generate value it is best to link IT strategy as closely as possible to business strategy. A. True B. False1. Capabilities that a firm emphasizes and performs especially well while pursuing its vision, are known as competitive advantages. True False 2. Most competitive advantages can be sustained for a very long period of time, if not forever. True False 3. Large firms in the U.S. are most likely to use the dominant business multiproduct strategy. True False
- 1. The hedgehog concept empowers the company to take advantage of the latest market trends or any new opportunities. TRUE FALSE 2.The Return Driven Strategy framework provides a structure for reviewing and evaluating strategies with the goal of creating long-term sustainable value. TRUE FALSE 3.The Return Driven Strategy framework can facilitate development of performance measures to monitor the performance of strategies as well as assess and manage strategic risks. TRUE FALSE1. A supermarket is looking to implement a decision support system, however management remains unconvinced of the possible benefits of this investment to the company. As the new IS Manager, justify the benefits of this system. 2.. Strategic Information Systems can be considered as one of the competitive advantages of a business. True or False? Justify using three (3) examplesWhich among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.