Ashford BUS433 Week 2 – DQ’s & Quiz

BUS 433 (Ashford) – New Business StrategyBUS 433 – Week 2 Discussions & QuizWeek 2 DQ 1: Internal Competencies: In planning, one component to explore is how an entrepreneurial organization’s internal competencies help to achieve a strategic advantage in the marketplace. In a 250-300 word response, answer the following: What steps/actions would an entrepreneur take to determine whether the entrepreneurial venture has the appropriate internal competencies to achieve competitive advantage? Respond to at least two of your classmates’ postings.Week 2 DQ 2 : External Feedback: Select a company and in a 250-300 word response, identify what you believe are the company’s “listening posts” (key opportunities) for getting feedback from the external environment. Could the company expand its listening posts? How? Respond to at least two of your classmates’ postings.Week Two Quiz: Complete the quiz on the assigned readings for the week.BUS 433 Week 2 Quiz1.Question : The strategist should examine the ______ and ______ of an industry.development, evolutiondevelopment, attractivenessstructure, developmentstructure, attractiveness2. Question : ____________ sees the organization as a combination of resources, capabilities, and competencies.IO economicsThe RBVThe stakeholder viewThe industrial economics view3. Question : In a matrix structure, employees have _______ reporting arrangements.multiplesingledualtriple4. Question : _________ theory explains how to scrutinize, investigate, and break down an organization’s strengths and weaknesses.StakeholderIOManagementMacroenvironmental5. Question : The most sensible choice if one’s company cannot be the dominant player in its industry is to _____________.scale economiesdifferentiate productexitincrease capital6. Question : __________ constrain the prices of industry’s products.New entrantsExisting rivalsComplementorsSubstitutes7. Question : Scale economies relate toper-unit costsselling pricesbargaining power of suppliersbargaining power of customers8. Question : Which of the following is NOT one of Porter’s five industry forces?existing rivalsnew entrantscomplementorssubstitutes9. Question : By value, Porter essentially meant _______.powerlogisticsstrengthprofit10. Question : ___________ provide access to new markets, give customers benefits, and are difficult for competitors to imitate.ResourcesCapabilitiesCompetenciesCore competencies