Answers Q: What are the three levels of straregy? A: Coporate, Business, operational strategy. Q: DDS Corp. outperformed all firms in the industry in 2016 and 2017. We can say DDS has sustainable competitive advantage? A: True. Q: What is the definition of strategy we adopted for this module? A: the long-term direction of an organization. Q: Which option IS NOT one of the elements of business-level strategy? A: Business level strategy is ... · How will we compete (costs, differentiation) · Appropriate scale and response to competitor moves · Innovation · Business-level strategies should fit with corporate-level strategy Q: Strategic choices are: A: business, innovation, corporate and international strategies Q: Emergent strategy view implies that strategies are developed through rational and analytical processes led by top managers. A: False. Strategies do not simply develop as planned, but emerge as a result of ad hoc, incremental or even accidental actions. Learning from experience may be as valuable as planning. Q: A mission statement is concerned with A: A mission statement aims to provide employees and stakeholders with clarity about what the organisation is fundamentally there to do. Q: Which are the major types of ownership models? A: Major types: · Public companies (also called publicly-traded companies) · State-owned enterprises - wholly or majority owned by governments. · Entrepreneurial businesses - Substantially owned and controlled by their founders. Family businesses - Controlled by family members. Q: What are the disadvantages of the shareholder model? A: Diluted monitoring, vulnerable minority shareholders and short- terminism. Q: Corporate social responsibility (CSR) is the commitment by organisations to capture value for their shareholders in the best way possible
A: False. Corporate social responsibility (CSR) is the commitment by organisations to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large. Q: What are the main elements of organisational culture? A: Values, beliefs, behaviours and taken-for-granted assumptions. Q: Business ethics is the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel. A: True. Business ethics is the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel. Q: What were the main drivers of unethical behaviour in Enron bankruptcy? A: Faulty oversight, heavy pressures on managers and company culture Q: Which of the following IS NOT part of the analysis of the macro environment? A: Competitors. Q: PESTEL and Porter's 5 forces analysis should be applied to one organisation A: False. Q: Substitute threats come from outside the industry. True A: Substitutes are products or services that offer a similar benefit to an industry's products or services, but have a different nature. Two important points about substitutes: . Price/performance ratio (substitute can be competitive threat even at different price) . Extra-industry effects (substitute threats come from outside the industry) Q: The power of buyers is likely