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Question 9 According to Michael Porter: There\'s a tremendous allure to pen you

ID: 330235 • Letter: Q

Question

Question 9 According to Michael Porter: There's a tremendous allure to pen you can add billions to size, get a front page story, and create excitement in markets. It's the big play, the dramatic gesture. With one stroke of the strategic alliances and joint ventures mergers and acquisitions internal development differentiation strategies Question 10 Attracting and retaining human capital is a challenge for many firms today. Firms experiencing high turnover should focus on increased recruiting. decrease money spent on human capital. make their work environment less stimulating. adopt effective retention strategies. Question 11 Primary value chain activities that involve the effective layout of receiving dock operations (inbound logistics) and support value chain activities that include expertise in process engineering (technology development) characterize what generic strategy? differentiation overall cost leadership differentiation focus stuck-in-the-middle Question 12 Many successful firms use internal labor markets. The most important reason they do this is because they want to encourage job rotation. if an employee is in the same department for too long, he/she would become indispensable. they want to keep highly mobile employees motivated and challenged. an employee who moves too much can be identified as unreliable and eliminated

Explanation / Answer

Question:- According to Michael Porter: "There's a tremendous allure to _______________. It's the big play, the dramatic gesture. With one stroke of the pen you can add billions to size, get front page story, and create excitement in markets.

Answer:- mergers and acquisitions

Reason:- Mergers and acquisitions are quite attractive in the real world business scenario.

Question:_ attracting and retaining human capital is a challenge for many firms today. Firms experiencing high turnover should

Answer:- adopt effective retention strategies

Reason:- effective retention strategies will help the organization to sustain its manpower.

Question:- primary value chain activities that involve the effective layout of receiving dock operations and support value chain activities that include expertise in process engineering characterize what generic strategy?

Answer:- Overall cost leadership

Reason:- Overall cost leadership is adopted by the effective layout of receiving dock operations and support value chain activities

Question:- Many successful firms use internal labor markets. The most important reason they do this is because

Answer:- they want to keep highly mobile employees motivated and challenged

Reason:- By using internal employees , the companies can motivate them to advance in their career.

Question;- can be defined as the network of relationships that individuals have throughout the organization

Answer:- Social capital

Reason:- Social capital is the network of relationships that individuals have throughout the organization

Question:- A "cash cow," referred to in the Boston Consulting Group Portfolio management technique, refers to a business that has.

Answer:-

Reason:- low market growth and relatively high market share

Reason:- Cs cow is a business unit which has low market growth and relatively high market share

Question:- Cooperative relationships such as ______ have potential advantages such as entering new markets, reducing manufacturing (or other) costs in the value chain, and developing and diffusing new technologies.

Answer:- both joint ventures and strategic alliances

Reason:_ joint ventures and strategic alliances are used for entering in new markets.

Question:- the BCG (Boston consulting group) matrix a business that has a low market share in an industry characterized by high market growth is termed as a

Answer:- Question marks

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