Final Jeopardy
Differentiation
Cost-Leadership
5 Forces Model
Blue Ocean
100
What is it called when a firm cannot succeed in either business strategy?
Competitive Disadvantage 
100
Strategy that seeks to create higher value for customers compared to competitors
Differentiation
100

Why will cost of unit decrease within Economies of Scale?


The firm can spread fixed costs over more units.
100
When competitors find product advantages time consuming and costly to imitate, what threat is reduced?
Threat of entry
100
Competing on the same attributes within the same industry
Red Ocean
200
Adding unique attributes to a product to command a premium price
Product Features
200
What is it called when a steeper and new curve comes with newer technology from an existing project?
Process Innovation
200
Which business strategy is protected against substitute products through lowering of prices?
Cost leadership
200
The 4 Action grid model is used to create this.
Value Creation
300
This adds value to a product or service when they are consumed in tandem
Complements
300
How can Cost Savings work in a hospital setting as shown in the case study with Dr. Shetty?
Through Share of Common Services (i.e. shared hospital rooms, laboratories or blood bank).
300
A differentiator needs to be careful when adding product features that add cost but not _____.
Perceived value
300
Combination of these two axes define the Strategy Canvas
Offering level and competing factors.
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