The process of a firm entering a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.
What is related diversification?
100
In what round and who did KU lose to in the 2016 NCAA Tournament?
What is the Elite 8 and Villanova?
200
Composed of factors such as the economy, demographics, and political issues
What is the general environment?
200
The 4 criteria that determine if resources provide a lasting competitive advantage
What are valuable, rare, inimitable, non-substitutable?
200
Adding product features or improving customer service can help a firm pursuing what kind of strategy?
What is a differentiation strategy?
200
A firm should consider this if suppliers are unable to maintain quality standards.
What is vertical integration?
200
A company with a differentiation strategy.
Who is ?
300
An example of this would be when an auto manufacturer acquires a rental car company.
What is forward integration?
300
Method of evaluating a firm's performance using performance measures from the customers', internal, innovation and learning, and financial perspectives.
What is the balanced scorecard?
300
Introduction, Growth, Maturity, and Decline
What are the stages of the industry life cycle?
300
A method of assessing or understanding the competitive position of a family of businesses in a corporation.
What is portfolio management?
300
When managers focus on their highest margin businesses, leaving them vulnerable to disruptive entrants that can wipe out their businesses.
What is the innovator's dilemma?
400
Knowledge that exists only in the minds of employees and cannot be codified.
What is tacit knowledge?
400
The three participants in corporate governance.
Who are the shareholders, board of directors, and senior management?
400
The overall objective of the introduction stage of the industry life cycle.
What is to increase market awareness?
400
The form of international entry strategy that offers the greatest level of control?
What is a Wholly-Owned Foreign Entity (WOFE)?
400
What is one reason Kodak failed that Bill Zollars discussed?
?
500
A group of firms within an industry that follow similar strategies.
What are strategic groups?
500
When superiors, direct reports, colleagues, and external and internal customers rate a person's performance.
What is a 360-degree feedback system?
500
A decline in the unit costs of production as cumulative output increases.
What is the experience curve?
500
A cooperative relationship between two firms that contribute equity to form a new legal entity.
What is a joint venture?
500
When multiple firms bid on a company or asset, resulting in the winning bid exceeding the true value of the company or asset.