Ashford BUS433 Week 3 – Complete

BUS 433 (Ashford) – New Business StrategyWeek 3Week 3 DQ 1: New Opportunities: Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work? Does this lack of vision provide you an opportunity to develop an entrepreneurial venture? Respond to at least two of your classmates’ postings.Week 3 DQ 2: Expansion: Identify an entrepreneurial venture and in a 250-300 word response, answer the following questions: What circumstances might encourage the entrepreneur to enter into a new business area by acquisition? What different circumstances would encourage the same entrepreneur to merge with another company? Respond to at least two of your classmates’ postings.Week 3 Assignment: Strategy Change: In a 2-3 page paper, identify an organization that has changed its strategy (example: moving from differentiation to low cost) in the marketplace. Why do you think the company has made its strategic change? How did it determine the appropriate time to make the change? What have been the results? Use at least three references, two from ProQuest.Week Three Quiz: Complete the quiz on the assigned readings for the week.BUS 433 – Week 3 Quiz1. Question : Corporate strategy deals with __________.how the firm competesthe scope of the firmrole of each functiondeciding what functions to perform2. Question : ____________ are critical elements in successful M&As.Management strategiesSynergiesPortfolio managementDiversification3. Question : According to the BCG matrix, the strategy for _______ is to invest in them and increase their share of the firm’s overall business.cash cowsstarsquestion marksdogs4. Question : A sensitivity analysis is based onlevels of awarenessdifferent assumptions about motivationsorganizational politicsall of the above5. Question : ___________ movers take risks in anticipation of high returns.FirstSecondThirdLate6. Question : ________ firms diversify to a minor degree, but typically no more than 30 percent.Related-productConglomerateDominant-productSingle-product7. Question : The ability to achieve new resource configurations is a _______________________.core competencedynamic capabilitydistinctive competencecapability8. Question : Superior advantage in a ______ position comes from managing critical ________ well.differentiated, cost driversdifferentiated, value driverslow-cost, value driverzlow-cost, cost drivers9. Question : Quick strategic moves that remake ________ and do not elicit adequate responses from rivals are crucial for success.corporate strategiesbusiness strategiesbusiness modelsvalue chains10. Question : ______ emphasizes the importance of considering the timing of the moves of one’s competitors with the timing of one’s own moves.VisionGame theoryMissionValue chain