How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
C) It should depend on tried and tested perspectives from senior employees.
D) It should have multiple alternatives when making strategic decisions.
Question 2Functional-level strategy directly supports the ________.
A) corporate strategy
B) competitive strategy
C) operating strategy
D) concentration strategy
Question 3Which of the following strategies involves a cost advantage or a differentiation advantage in a narrow segment?
A) niche strategy
B) focus strategy
C) functional strategy
D) leadership strategy
Question 4Within an organization, the single independent businesses that formulate their own competitive strategies are known as strategic business units.
Indicate whether the statement is true or false.
Question 5How can a cost leader use e-business to reduce costs?
A) It could automate purchasing and payment systems so that customers have detailed status reports.
B) It could provide rapid online responses to service requests.
C) It could use Internet-based knowledge systems to shorten customer response times.
D) It could use Web-based inventory control systems that reduce storage costs.
Question 6Discuss how managers can formulate e-business strategies that contribute to the development of a sustainable competitive advantage in today's environment.
What will be an ideal response?
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