Quizzez

In context of strategic management, stakeholders can be defined as:

An individual or group with an interest in the organization's activities and who seeks to influence them

How might an organization win and sustain a price war?

By having deeper pockets to fund short-to medium losses By cross-subsiding one business from another By having a lower cost structure

What is the use of Five forces framework??

Is a means of identifying the attractiveness of an industry or sector based on the forces that affect the level of competition within it

What is the key benefit of identifying the organization's SBUs??

It helps the development of business level strategies

What is an experience curve?

It shows that the unit selling price falls as the number of units produced increases

What is ment by focused differentiation?

Providing a high perceived value service or product to a selected market segment that justifies a substantial price premium

One aim of collaboration

To achieve advantage or avoid competition