A) extend a company's competitive scope within the same industry by expanding its operations across multiple segments or stages of the industry value chain.
B) are one of the best strategic options for helping companies win the race for global market leadership.
C) offer good potential to expand a company's lineup of products and services.
D) are particularly effective in boosting a company's ability to expand into additional geographic markets,particularly the markets of foreign countries.
E) is a good strategy option for helping a company revamp its value chain and bypass low value-added activities.
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A) Reduced vulnerability to powerful suppliers (who may be inclined to raise prices at every opportunity) .
B) Reduced risks of disruptions in obtaining crucial components or support services.
C) Reduced costs.
D) Reduced business risk because of controlling a bigger portion of the overall industry value chain.
E) Adding to a company's differentiation capabilities and perhaps achieving a differentiation-based competitive advantage.
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A) that partners will not fully cooperate or share all they know,preferring instead to guard their most valuable information and protect their more valuable know-how.
B) becoming dependent on other companies for essential expertise and capabilities.
C) the added time and extra expenses associated with engaging in collaborative efforts.
D) having to compromise the company's own priorities and strategies in reaching agreements with partners.
E) the collaborative arrangements will not live up to expectations.
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A) To gain quick access to new technologies or other resources and capabilities.
B) To create a more cost-efficient operation out of the combined companies.
C) To expand a company's geographic coverage.
D) To facilitate a company's shift from a broad differentiation strategy to a focused differentiation strategy.
E) To extend a company's business into new product categories.
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A) resource pooling and risk sharing,more adaptive response capabilities,and the speed of deployment wherewithal.
B) the potential profitability of the alliance and related experience curve economics.
C) facilitating best practices,more production capacity,and relevant synergistic savings.
D) embracing the transactional and relational concept of operating practices and competencies.
E) All of these.
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A) increasing a company's ability to strongly differentiate its product and be successful with either a broad differentiation strategy or a focused differentiation strategy.
B) obtaining higher quality and/or cheaper components or services,improving a company's ability to innovate,and reducing its risk exposure.
C) speeding a company's entry into foreign markets.
D) permitting greater use of strategic alliances and collaborative partnerships.
E) giving a firm more direct control over the costs of value chain activities.
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A) Leapfrogging competitors by being first to market with next-generation products.
B) Using hit-and-run or guerrilla warfare tactics to grab sales and market share.
C) Launching a preemptive strike to secure an advantageous position that rivals are prevented or discouraged from duplicating.
D) Pursuing continuous product innovation to draw sales and market share away from rivals.
E) Being the final competitor to market a next-generation product so as to guarantee the product is operationally sound.
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A) misinterpretation of the cultural differences,like employee disenchantment and low morale,differences in management styles and operating procedures,and operations integration decision mistakes.
B) execution of functional and integration activity,while sustaining and capitalizing on the combined sources of revenue.
C) development of effective integration plans conducive to employee satisfaction.
D) advertising message detailing the merger announcement.
E) All of these.
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A) is nearly always a more attractive strategic option than merger and acquisition strategies.
B) carries the substantial risk of raising a company's costs.
C) carries the substantial risk of making a company overly dependent on its suppliers.
D) increases a company's risk exposure to changing technology and/or changing buyer preferences.
E) involves farming out certain value chain activities presently performed in-house to outside vendors.
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A) horizontal scope.
B) vertical integration.
C) vertical scope.
D) product outsourcing.
E) joint venture partnership.
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A) are the cheapest means of developing new technologies and getting new products to market quickly.
B) are collaborative formal arrangements where two or more companies join forces and agree to work cooperatively toward some strategically relevant objective.
C) are a proven means of reducing the costs of performing value chain activities.
D) are best used to insulate a company from the impact of the five competitive forces.
E) help insulate a firm from the adverse impacts of industry driving forces.
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A) is an offensive strike employed by a market leader that is directed at pilfering customers away from unsuspecting rivals to boost profitability.
B) involves an unexpected (out-of- the-blue) preemptive strike to secure an advantageous position in a fast-growing market segment.
C) works best when a company is the industry's low-cost leader.
D) involves abandoning efforts to beat out competitors in existing markets and instead invent a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand.
E) involves the use of highly creative,never-used-before strategic moves to attack the competitive weaknesses of rivals.
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A) a merger involves one company purchasing the assets of another company with cash,whereas an acquisition involves a company acquiring another company by buying all of the shares of its common stock.
B) a merger is the combining of two or more companies into a single corporate entity,whereas an acquisition involves one company (the acquirer) purchasing and absorbing the operations of another company (the acquired) .
C) in a merger,the companies retain their original names,whereas in an acquisition the name of the company being acquired is changed to be the name of the acquiring company.
D) a merger is a combination of three or more companies,whereas an acquisition is a pooling of interests of just two companies.
E) a merger involves two or more companies deciding to adopt the same strategy,whereas an acquisition involves one company taking over the strategy-making function of another company.
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