BUS 433 (Ashford) – New Business Strategy
BUS 433 – Week 2 Discussions & Quiz
Week 2 DQ 1: Internal Competencies: In planning, one component to explore is how an entrepreneurial organizations internal competencies help to achieve a strategic advantage in the marketplace. In a 250-300 word response, answer the following: What steps/actions would an entrepreneur take to determine whether the entrepreneurial venture has the appropriate internal competencies to achieve competitive advantage? Respond to at least two of your classmates postings.
Week 2 DQ 2 : External Feedback: Select a company and in a 250-300 word response, identify what you believe are the companys listening posts (key opportunities) for getting feedback from the external environment. Could the company expand its listening posts? How? Respond to at least two of your classmates postings.
Week Two Quiz: Complete the quiz on the assigned readings for the week.
BUS 433 Week 2 Quiz
1.Question : The strategist should examine the ______ and ______ of an industry.
development, evolution
development, attractiveness
structure, development
structure, attractiveness
2. Question : ____________ sees the organization as a combination of resources, capabilities, and competencies.
IO economics
The RBV
The stakeholder view
The industrial economics view
3. Question : In a matrix structure, employees have _______ reporting arrangements.
multiple
single
dual
triple
4. Question : _________ theory explains how to scrutinize, investigate, and break down an organizations strengths and weaknesses.
Stakeholder
IO
Management
Macroenvironmental
5. Question : The most sensible choice if ones company cannot be the dominant player in its industry is to _____________.
scale economies
differentiate product
exit
increase capital
6. Question : __________ constrain the prices of industrys products.
New entrants
Existing rivals
Complementors
Substitutes
7. Question : Scale economies relate to
per-unit costs
selling prices
bargaining power of suppliers
bargaining power of customers
8. Question : Which of the following is NOT one of Porters five industry forces?
existing rivals
new entrants
complementors
substitutes
9. Question : By value, Porter essentially meant _______.
power
logistics
strength
profit
10. Question : ___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.
Resources
Capabilities
Competencies
Core competencies