BUS 433 (Ashford) – New Business Strategy
Week 3
Week 3 DQ 1: New Opportunities: Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work? Does this lack of vision provide you an opportunity to develop an entrepreneurial venture? Respond to at least two of your classmates postings.
Week 3 DQ 2: Expansion: Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition? What different circumstances would encourage the same entrepreneur to merge with another company? Respond to at least two of your classmates postings.
Week 3 Assignment: Strategy Change: In a 2-3 page paper, identify an organization that has changed its strategy (example: moving from differentiation to low cost) in the marketplace. Why do you think the company has made its strategic change? How did it determine the appropriate time to make the change? What have been the results? Use at least three references, two from ProQuest.
Week Three Quiz: Complete the quiz on the assigned readings for the week.
BUS 433 – Week 3 Quiz
1. Question : Corporate strategy deals with __________.
how the firm competes
the scope of the firm
role of each function
deciding what functions to perform
2. Question : ____________ are critical elements in successful M&As.
Management strategies
Synergies
Portfolio management
Diversification
3. Question : According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firms overall business.
cash cows
stars
question marks
dogs
4. Question : A sensitivity analysis is based on
levels of awareness
different assumptions about motivations
organizational politics
all of the above
5. Question : ___________ movers take risks in anticipation of high returns.
First
Second
Third
Late
6. Question : ________ firms diversify to a minor degree, but typically no more than 30 percent.
Related-product
Conglomerate
Dominant-product
Single-product
7. Question : The ability to achieve new resource configurations is a _______________________.
core competence
dynamic capability
distinctive competence
capability
8. Question : Superior advantage in a ______ position comes from managing critical ________ well.
differentiated, cost drivers
differentiated, value drivers
low-cost, value driverz
low-cost, cost drivers
9. Question : Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success.
corporate strategies
business strategies
business models
value chains
10. Question : ______ emphasizes the importance of considering the timing of the moves of ones competitors with the timing of ones own moves.
Vision
Game theory
Mission
Value chain