Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases 23th edition
A) It fails the performance test.
B) It fails the competitive advantage and the fit tests.
C) It is a winning strategy.
D) It fails in all three tests.
E) It fails the fit test but passes the competitive advantage and performance tests.
69) Consider the following five companies and their situations.
● Company A is an established online fantasy sports gaming company that has been accused of game-rigging, bribes, and kickbacks.
● Company B, a ride-share company, has delayed its planned initial public offering due to reports of having an inhospitable workplace characterized by sexual harassment and discrimination.
● Company C, a pharmaceutical manufacturer, charges higher prices for life-saving drugs in some countries than it charges in others.
● Company D, a manufacturer and marketer of high-end consumer electronics, has a strict Code of Conduct that requires its suppliers to comply with several standards regarding safe working conditions, fair treatment of workers, and environmentally safe manufacturing.
● Company E, a pizza delivery business, is a being boycotted by customers and losing sponsored tie-ins with professional sports due to racist comments by its founder and CEO.
Which of the above companies is distinguished by an ethical strategy as opposed to an unethical or flawed strategy?
● Company A is an established online fantasy sports gaming company that has been accused of game-rigging, bribes, and kickbacks.
● Company B, a ride-share company, has delayed its planned initial public offering due to reports of having an inhospitable workplace characterized by sexual harassment and discrimination.
● Company C, a pharmaceutical manufacturer, charges higher prices for life-saving drugs in some countries than it charges in others.
● Company D, a manufacturer and marketer of high-end consumer electronics, has a strict Code of Conduct that requires its suppliers to comply with several standards regarding safe working conditions, fair treatment of workers, and environmentally safe manufacturing.
● Company E, a pizza delivery business, is a being boycotted by customers and losing sponsored tie-ins with professional sports due to racist comments by its founder and CEO.
Which of the above companies is distinguished by an ethical strategy as opposed to an unethical or flawed strategy?
A) Company A
B) Company B
C) Company C
D) Company D
E) Company E
70) In evaluating proposed or existing strategies managers should
A) initiate new initiatives even though they don't seem to match the company's internal and external situation.
B) scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit, create a competitive advantage, and result in above-average performance.
C) evaluate the firm's business model at least every three years.
D) ensure core capabilities are incorporated for establishing a competitive advantage.
E) align existing strategies with new strategies to emphasize incremental gains.
71) A winning strategy is one that
A) builds strategic fit, is socially responsible, and maximizes shareholder wealth.
B) is highly profitable and boosts the company's market share.
C) results in a company becoming the dominant industry leader.
D) fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
E) can pass the ethical standards test, the strategic intent test, and the profitability test.
72) A seldom-used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage is
A) striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage.
B) outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, or technological superiority.