. According to the text, “the expansion strategies specify entering or gaining access to a new market.” Select
an Expansion of Scope strategy. Define it and show how it can lead to recruiting and retaining additional
customers. Select a Market Entry Strategy. Define and show how it is related to the Expansion of Scope
Strategy you selected. How does the Market Entry Strategy refine and focus how the organization will recruit
and retain additional customers?
2. When it comes to an organization’s ability to successfully implement strategy,” culture is king.” The impact of
culture on the successful implementation of strategy should not be underestimated. Define culture and explain
why this statement is relevant
3. Define positive sum competition and describe three characteristics of this form of organization that create
value for the customer
4. The Product Life Cycle does not help when evaluating potential strategies – do you agree or disagree with
the statement – explain why.
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