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Management Final Exam To study for the final: 1) know the terms 2) know the answers to the review questions listed below 3) understand the applications questions listed below Terms Appropriability Acquisition Complementary assets Content Follower Strategy Distinctive Image Strategy Diversification Embryonic Emerging Focus Full integration Industry Life Cycle Introduction Mature Decline Low Cost Leadership Merger Outsourcing Razor and Blade Strategy Stuck in the middle Superior Products Strategy Technological paradigm shift Vacant Niche Strategy Synergy Related Diversification Conglomerate Market Power Strategic Alliance BCG Matrix Review Questions 1) 2) 3) 4) 5) On what two dimensions did Porter base his generic strategies? What four generic strategies exist? Why does Porter call them generic strategies? When is differentiation risky? When is a low cost strategy attractive and when is it risky? When is a focus strategy attractive and when is it risky? How does the industry life c