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I. Short answer 
1. Managers in all types of businesses must address the central strategic question______ 
Answer: How are we going to get there 
2. A company achieves sustainable competitive advantage when_____ 
Answer: a sufficiently large number of buyers have a lasting preference for its products or 
services as compared to the offerings of competitors. 
3. A company’s business model__________- 
Answer: clarifies (1) how the business will provide customers with value, and (2) why the 
business will generate revenues suffcient to cover costs and produce attractive profits 
4. A company’s strategic vision concerns________________- 
Answer: a company’s directional path and future product-customer-market-technology focus 
5. A company’s mission statement typically addresses_______ 
Answer: Who we are, what we do, and why we are here 
6. A company’s values concern____________ 
Answer: the beliefs, traits, and behavioral norms that company personnel are expected to display  in conducting   busi the company’s
ness and pursuing its strategic vision and mission. 
7. A strategic group______________ 
Answer: is a cluster of industry rivals that have similar competitive approaches and market  positions 
8. Industry conditions change__________ 
Answer: because forces create pressures or incentives for industry participants (competitors, 
customers, suppliers) to alter their actions in important ways. 
9. The payoff of good scouting reports on rivals is improved ability to_______ 
Answer: predict what strategic moves rivals are likely to make next, thereby allowing a company 
to prepare defensive countermoves and develop strategies to exploit rivals’ missteps. 
10. The key success factors in an industry________ 
Answer: are the strategy elements, intangible assets, and competitive capabilities that most affect  industry 
members’ abilities to prosper in the marketplace 
11. A resource-based strategy_________ 
Answer: uses a company’s valuable and rare resources and competitive capabilities to deliver 
value to customers that rivals have difficulty matching 
12. Two analytical tools useful in determining whether a company’s prices and costs are  competitive are___ 
Answer: value chain analysis and benchmarking. 
13. A company’s competitive strength scores_______ 
Answer: determine whether a company has a cost-effective value chain 
14. The generic types of competitive strategies include_____ 
Answer: low-cost provider, broad differentiation, focused low-cost, focused differentiation, and  best-cost  provider strategies. 
15. A low-cost leader’s basis for competitive advantage is_____ 
Answer: lower overall costs than competitors  II. Essay 
1. Vietcombank (VCB) is the first bank in Vietnam to allow every customer can send money in 
one place and make withdrawals at any point in the system transactions . 
From 2001, customers can use the service with VCB – ibanking by information retrieval 
functionality through collaborating with service providers, VCB increase advantage for 
customers utility VCB-iBanking with transfers, payment of travel services , telephone charges / 
internet , airfare , etc. .. . 
Besides, in 2005 VCB has provided automatic Investment Services when the deposit payment on 
account of your business beyond a certain level called the floor level , the excess amount will be 
automatically transferred to a special account Special - automatic investment account . When the 
balance of the deposit account payment is lower than the floor level, the money will be 
automatically transferred from investment accounts on deposit accounts paying your enterprise . 
With the use of these services can help businesses reduce costs are a significant number of 
customer service. Thereby reducing the cost of doing business increases the competitiveness of  enterprises in the market.  Question: 1. Wha  
t is VCB’s strategy in 2001? Explain   
 2. What is VCB’s strategy in 2005? Explain 
2. Enjoy is one of famous company that specialize in cake, biscuit, cookies. Enjoy’s target 
market is major domestic market. In recent years, the company’s sale is good, this result is from 
regularly releasing many products that are suitable with taste of customer. However, beginning 
of 2012, a problem that affect to operation of company is the quantity and quality of eggs that 
were provided by famers went down continuously. These famers had offered reasons that were 
low-margin industry and poor. In order to deal with this situation, Enjoys have established mass 
chicken farm so as to prepare amount of eggs for cake manufacture in 2012. Beside that, Enjoy 
also has made an investment to real-estate project in Ho Chi Minh city and Hanoi city 
Question: a. What was the strategy of Enjoy in 2012? Explain   
 b. What was the strategy of Enjoy in 2013? Explain