A risk of a focus strategy is that the needs of customers within a narrow competitive segment may become more similar to those of industry-wide customers as a whole over time

United Technologies Corporation, Textron, and Samsung are examples of diversified firms that have no relationships between their businesses. These firms all use the strategy of unrelated diversification

Awareness, motivation, and behavior are known as the outcomes of competitive rivalry.

A significant benefit of an internal capital market is that corporate headquarters has access to detailed and accurate information regarding the performance of the company’s portfolio and can thus make better capital allocation decisions

Unlike fast-cycle markets, the struggle for market share in standard-cycle markets is moderate

The use of a differentiation strategy would likely be LEAST effective in which of the following markets?

Rendell Corp. has just entered international markets. While it has begun to see some benefits, it is also challenged by the high cost of transportation and the expense of tariffs. Rendell most likely used exporting as its mode of entry

The difference between the cost leadership and differentiation business-level strategies on the one hand, and the focused cost leadership and focused differentiation strategies on the other, are their basis for customer value

If a company focuses on distinctiveness (the basis for customer value) and broad market (target market), such strategy is called “cost leadership.” 

To be a first mover, the firm must have readily available resources to significantly invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products