Strategic Business Management in 22 Questions

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A strategic decision is a decision that changes a firm's... in the industry.
One part of the Strategy Diamond explains the staging and ... of a stratey.
Strategic decisions usually evoke what from the competition?
Which part of the Strategic Diamond predominantly looks at how a strategy impacts a company's finances?
To merge with another company could be a suggestion in which part of the Strategic Diamond?
If customers buy in large volume, then their ... is high.
The Porter's 5 Forces model helps to analyse a company's ...
Demand grows quickly, therefore rivalry within an industry is likely going to be ...
These are individuals or groups, who can influence and be affected by a firm’s mere existence, actions and performance.
This part of the Strategy Diamond refers to questions about a company’s product categories, market channels and geographic areas it is active in.
The Strategy Diamond is a framework that represents what aspects a ... should cover.
The ultimate goal of any business strategy is ...
To better understand and analyse a company's key strength, managers need to agree on their business' ...
This tool helps you to contrast a company's external environment with its internal capacities.
If you focus on creating customer value through a strong brand name, high quality service and a great location, then you are being a ...
Generic business strategies work along two key decisions: competitive advantage and competitive ...
Growing a business by selling new products in an already covered market is called...
A generic business strategy for which a business needs to employ cheap labour, have tight control of costs, invest in economies of scale and constantly seek for cheaper supplies.
A framework that helps businesses understand their growth options.
The strategy of selling new products to new geographic markets in order to grow.
Two or more companies along a vertical value chain decide to work for mutual benefit is called a ... alliance.
An acronym of 6 words that help you remember which factors need to be assessed in a macro-environmental analysis.