Escape the Room

1. A strategy that combines differentiation and cost leadership to create untapped market space.
5. When one firm owns its suppliers or distributors along the value chain.
7. The joining of two independent companies to form a combined entity.
9. Pursuing social goals while maintaining profitability.
11. A situation where one party has more information than another in a transaction.
12. The process of reorganizing and divesting to focus on core competencies.
13. When the owner and manager have different goals — leading to misaligned incentives.
14. A visual tool used to analyze business units by market growth and market share.

1. The framework that helps decide whether to grow internally, partner, or acquire another firm.
2. A voluntary arrangement between firms involving the sharing of knowledge or resources.
3. The process by which change agents undertake economic risk to innovate.
4. A firm’s decision about how to compete in a single market.
6. Type of innovation that leverages existing technology into a new market.
8. The phase of the industry life cycle when demand rapidly increases.
10. Seeks to create similar value as competitors but at lower cost.