111.The purpose of __________ strategies is to choose an industry-level strategy that is best suited to changes in the organization’s external environment.
112.An organization implementing a(n) __________________ strategy would NOT follow a consistent strategy.
113.Among the adaptive strategies, __________ are a blend of the __________ strategies.
a.prospectors; analyzers and reactors
b.analyzers; defenders and reactors
c.reactors; prospectors and analyzers
d.reactors; defenders and prospectors
e.analyzers; defenders and prospectors
114.Which of the adaptive strategies tends to result in the poorest performance?
115.Japanese-based Bandai, the world’s third-biggest toymaker, plans to acquire several smaller companies in an effort to knock Mattel out of its top position in the industry. The $2.2 billion that Bandai dedicated to this goal and the companies it acquired are examples of the Japanese organization’s________.
116.Which of the following organizations are most directly in competition with each other?
a.Wal-Mart and Limited Too
b.a local delicatessen and Kroger
c.FedEx and UPS
d.an independent bookstore and a library
e.Good Housekeeping magazine and The Journal of Interactive Marketing
117.Miami Children’s Hospital in Florida has developed nationally ranked cardiac and neuroscience departments through an alliance of entrepreneurial physicians, hospital administrators, and wealthy donors. By specializing in cardiology and neuroscience, the hospital distanced itself from competing hospitals in the Miami area by reducing its:
118.From a competitive standpoint, __________ means that the strategic actions that your company takes can probably be matched by your direct competitors.
c.character of the rivalry
119.Resource similarity and __________ are factors that determine the extent to which firms will be in direct competition with each other.
120.Players in the cosmetics industry include Procter & Gamble, which owns Cover Girl and Max Factor brands, L’Oreal, which owns L’Oreal and Maybelline brands, Revlon, which owns Revlon and Almay brands, and Estée Lauder. These manufacturers have:
a.high market commonality
b.high competitive autonomy
c.high cultural similarity
d.low resource similarity
e.low market commonality