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Principals#5

QuestionAnswer
What is red ocean strategy (4) 1,compete in existing market space 2,beat the competiton 3,exploit existing demand 4,make the value-cost trade off
What is blue ocean strategy (4) 1,create uncontested market space 2, make the competition irrelevant 3,create & capture new demand 4,break the value-cost trade off
Where is it better to have 1,Prescriptive (planned) approaches 2,Incremental (learning) aapproaches 1,Prescriptive (planned) approaches predictable & stable environment 2,Incremental (learning) approaches quickly changing & variable environment
What is international strategy (2) 1,to allocate scarce company resources & confiigure value-adding activities 2,planned set of actions to developed the best use of resource & advantages in two or more countries
What are characteristics of (both 3) A, Cost strategy B, Differentiation strategy A, Cost strategy 1,lower cost 2,leverage on quantit 3,low prices B, Differentiation strategy 1,being unique 2,leverage on price 3,premium price
What are 4 dimension of CAGE Framework 1,Cultural distance 2,Administrative distance 3,Geographic distance 4,Economic distance
What is CAGE Framework used for to analyze difference between home country & target country
What do we use for analyzing competitive advantage VRIN framework
What are 4 dimensions of VRIN framework 1,Valuable 2,Rare (cant by possessed by many others) 3,Inimitable (diffecult to be imitated) 4,Non-substitutable (no strategical equivalent)
Created by: semester1.IBWL
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