Review Topics Exam III Review Topics 1. Discuss value. How is value determined? What are the two possible ways to achieve competitive advantage by using value? Be prepared to utilize the price-performance curve. 2. Be prepared to discuss the Value Chain. What are the five primary activities (logistics, etc.) and four support activities (infrastructure, etc.)? 3. What are the four technology strategies (first to market, etc.) and what are the pros/cons of each? What are disruptive and sustaining technologies? 4. Be prepared to discuss outsourcing and offshoring. Can these be a source of competitive advantage? 5. Apply the four elements of contingency planning (identify tipping points, identify what if, etc.) and discuss reasons organizations dont prepare contingency plans (denial, grandiosity, etc.). 6. Discuss and apply the three evaluation criteria (goal consistency, strategy content, etc.). 7. Discuss and apply the various aspects of strategic control. This includes the levels (internal, etc.), process (measurement of actual performance, etc.), and two questions it must address. 8. What are Blue Ocean Strategies? Be prepared to provide examples. 9. *Be prepared to apply and discuss the five organizational forms (single product, dominant product, etc.). 10. Discuss factors for venture growth and be prepared to distinguish between organization types, such as start-ups and small firms. 11. Discuss the service profit chain.