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Business-Level Strategy
Corporate-Level Strategy
Strategic Management Theory
Strategic Analyses
Professor Wareham
100
This business-level strategy involves generating economic value by having lower costs relative to your competitors.
What is cost leadership.
100
This concept refers to the number of steps in the value chain that a firm accomplishes within its boundaries.
What is vertical integration.
100
This is the sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives.
What is the strategic management process.
100

This analysis allows managers to identify and categorize the main threats and opportunities in the external environment.

What is a PESTEL analysis.

100
This is the discipline of study for Prof. Wareham's PhD.
What is management.
200
This type of economy suggests that firms get more efficient at a process given more experience.
What is a learning curve economy.
200
This occurs when a company incorporates an activity closer to the end of the value chain.
What is forward vertical integration.
200
This is defined as the ability to create more economic value than competitors.
What is a competitive advantage.
200
This type of analysis allows managers to assess the set of business activities in which it engages in to develop, produce, and market its products or services
What is a value chain analysis.
200

This is Prof. Wareham's favorite winter activity / sport.

What is downhill skiing.

300
Product differentiation strategies have this effect on the threat of entry.
What is lower them because new products must surpass current products differentiation.
300
This process occurs when a firm incorporates an activity closer to the beginning of the value chain (i.e., raw materials).
What is backward vertical integration.
300
This model identifies the five most common threats that firms face in their local environment (i.e., their industry).
What is Porter's Five Forces Model.
300
This type of analysis helps to identify potentially valuable resources and capabilities so that they can then be examined as sources of competitive advantages for a firm.
What is a VRIO analysis.
300

Astronauts on the International Space Station indulged in a special treat after harvesting the hybrid cultivar known as "NuMex Espanola Improved", which was the first type of this vegetable to be grown in space.

What is Green Chile.

400
This type of organizational structure divides management responsibilities by function.
What is a functional (or U-form) organization.
400

These are a type of strategic alliance where independent firms choose to join assets, typically where each firm contributes 50% of the total capital required to operate.

What are joint ventures.

400
These are the three most basic responsibilities of companies outlined in Carroll's Global Social Responsibility pyramid.
What are economic, legal, and ethical responsibilities.
400
This should be done in order to better understand the nature or dynamics of competition in your given market and/or industry.
What is perform analyses of your competitor for comparison purposes.
400

Prior to joining the Meinders School of Business at OCU, Prof. Wareham attended this institution for his doctoral degree.

What is the University of Utah.

500
These are the three main categories (or bases) or differentiation.
What are product attributes, firm/customer relationships, and firm linkages.
500
This view of vertical integration suggests that firms should make integration decisions based on how costly it is for a firm to alter its strategic and organizational decisions.
What is flexibility (real options theory).
500
Within this stage of a given industry, there is often a "first mover" advantage given to the company who enters the industry first or brings a product to market the quickest.
What is the emerging stage.
500
This analysis tool considers both external (e.g., environmental threats) and internal (e.g., resources and capabilities) factors facing firms simultaneously.
What is a SWOT analysis.
500
The Ohio State Buckeyes football team was led to National Championship in 2014 by this back-up quarterback.
Who is Cardale Jones.