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Which of the following is a feature of the maturity stage of the industry life cycle?

The process of alliance management begins with

A(n) ________ is best described as the strategic option that top managers decide most closely matches the current reality and which is then executed.

WJ Group Inc., a large multinational conglomerate, had begun to experience declining revenues over the years. The top management at the headquarters of the company decided that it was important for the company to avoid deviating from its core competencies. Thus, a few of the company’s key businesses like energy, telecommunications, and automobiles were centralized, giving the top management more control over them. Also, relatively newer businesses like beverages and food processing were divested. In this scenario, WJ Group is involved in

Riya has recently started a restaurant in a commercial area that already has many other established restaurants and popular fast-food chains. Riya owns the building in which her restaurant is located, rather than leasing premises as her competitors do. This factor allows her to offer her products at a more competitive price. Riya has also invested a huge amount in designing the restaurant’s interior and in equipping the kitchen with the appliances that are most widely used in her industry. In this scenario, which of the following is the most valuable resource for Riya’s business?

A firm will fail to create a sustained competitive advantage when the

Pioneer Pharma Inc. and GH Medicines Corp. are two competing firms in the pharmaceutical industry. While Pioneer Pharma Inc.’s vision is “to be a preeminent drug manufacturer in the industry,” GH Medicines Corp.’s vision is “to make good health a reality for everyone around the world.” Which of the following is an implication of these different visions?

A firm’s resistance to changes in the status quo is referred to as

According to the agency theory,

Peerless Inc., a large conglomerate, wants to liquidate its business in certain industries to improve its overall profitability. Which of the following industries would Peerless Inc. find it most difficult to exit?