Question 1

Which of the following is not considered a strategic alliance success factor?

Accepted Answer

A)  Have a clear strategic purpose. 
B)  Operate with short-term time horizon. 
C)  Agree on an exit strategy for when the partners' objectives are achieved or the partnership fails. 
D)  Minimize conflicts among the partners by clarifying the objectives. 
E)  Identify likely partnering risks and deal with them when the alliance is formed. 
A)  Have a clear strategic purpose. 
B)  Operate with short-term time horizon. 
C)  Agree on an exit strategy for when the partners' objectives are achieved or the partnership fails. 
D)  Minimize conflicts among the partners by clarifying the objectives. 
E)  Identify likely partnering risks and deal with them when the alliance is formed.

Question 2

Those companies using cooperative strategies are generally not able to gain a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 3

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizations are not likely to challenge or dislodge it.

Accepted Answer

A)  strategic fit. 
B)  propitious niche. 
C)  common thread. 
D)  business screen. 
E)  implicit strategy. 
A)  strategic fit. 
B)  propitious niche. 
C)  common thread. 
D)  business screen. 
E)  implicit strategy.

Question 4

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

Accepted Answer

A) True 
 B)False

Question 5

Amenities to attract highly skilled labor, scientists, or creative people are a common organizational requirement for which of Porter's generic competitive strategies?

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion 
A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion

Question 6

The kind of strategic alliance in which there is a partnership of similar companies in similar industries who pool their resources to gain a benefit that is too expensive to develop alone is the

Accepted Answer

A)  joint venture. 
B)  licensing agreement. 
C)  value-chain partnership. 
D)  mutual service consortia. 
E)  holding company. 
A)  joint venture. 
B)  licensing agreement. 
C)  value-chain partnership. 
D)  mutual service consortia. 
E)  holding company.

Question 7

Rollups are not synonymous with traditional mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 8

Most entrepreneurial ventures attempt to follow focus strategies.

Accepted Answer

A) True 
 B)False

Question 9

In manufacturing toilet paper for grocery store chains (and avoiding competing directly against Charmin), Potlach has followed which of Porter's generic competitive strategies?

Accepted Answer

A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus 
A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus

Question 10

Business strategy is composed of

Accepted Answer

A)  corporate and competitive strategy. 
B)  functional and divisional strategy. 
C)  competitive and cooperative strategy. 
D)  corporate and cooperative strategy. 
E)  divisional and competitive strategy. 
A)  corporate and competitive strategy. 
B)  functional and divisional strategy. 
C)  competitive and cooperative strategy. 
D)  corporate and cooperative strategy. 
E)  divisional and competitive strategy.

Question 11

According to Barney, under which condition would tacit collusion most likely be successful?

Accepted Answer

A)  There is a large number of identifiable competitors. 
B)  Costs vary among firms. 
C)  One firm tends to act as the price leader. 
D)  Sales are characterized by a low frequency of large orders. 
E)  There are low barriers to entry in the industry. 
A)  There is a large number of identifiable competitors. 
B)  Costs vary among firms. 
C)  One firm tends to act as the price leader. 
D)  Sales are characterized by a low frequency of large orders. 
E)  There are low barriers to entry in the industry.

Question 12

Which of Porter's competitive strategies is likely to predominate in a fragmented industry?

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost focus 
D)  stuck in the middle 
E)  cooperative 
A)  cost leadership 
B)  differentiation 
C)  cost focus 
D)  stuck in the middle 
E)  cooperative

Question 13

What are Porter's three generic competitive strategies?

Accepted Answer

Porter's three generic competitive strat

Question 14

Incentives based on meeting strict quantitative targets are a common organizational requirement for which of Porter's generic competitive strategies?

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion 
A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion

Question 15

The strategic rollup was developed in the mid-1990s as an efficient way to quickly consolidate a fragmented industry with the resulting large firm creating economies of scale.

Accepted Answer

A) True 
 B)False

Question 16

One company that has successfully found a propitious niche is

Accepted Answer

A)  Coca-Cola. 
B)  PepsiCo. 
C)  Frank J. Zamboni & Company. 
D)  Walmart. 
E)  Disney. 
A)  Coca-Cola. 
B)  PepsiCo. 
C)  Frank J. Zamboni & Company. 
D)  Walmart. 
E)  Disney.

Question 17

Which strategy raises the questions of whether to compete on the basis of lower cost or differentiation and whether to compete for the biggest market or a niche market?

Accepted Answer

A)  business 
B)  corporate 
C)  competitive 
D)  functional 
E)  focus 
A)  business 
B)  corporate 
C)  competitive 
D)  functional 
E)  focus

Question 18

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

Accepted Answer

A) True 
 B)False

Question 19

One company that has successfully found a propitious niche (extremely favorable niche) is Frank J. Zamboni & Company, the manufacturer of the machines that smooth the ice at ice skating rinks.

Accepted Answer

A) True 
 B)False

Question 20

Disadvantages of joint ventures include all of the following EXCEPT

Accepted Answer

A)  loss of control. 
B)  lower profits. 
C)  probability of conflicts with partners. 
D)  likely transfer of technological advantage to the partner. 
E)  mutual dependence. 
A)  loss of control. 
B)  lower profits. 
C)  probability of conflicts with partners. 
D)  likely transfer of technological advantage to the partner. 
E)  mutual dependence.

Which of the following is not considered a strategic alliance success factor?

Those companies using cooperative strategies are generally not able to gain a competitive advantage.

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizations are not likely to challenge or dislodge it.

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

Amenities to attract highly skilled labor, scientists, or creative people are a common organizational requirement for which of Porter's generic competitive strategies?

The kind of strategic alliance in which there is a partnership of similar companies in similar industries who pool their resources to gain a benefit that is too expensive to develop alone is the

Rollups are not synonymous with traditional mergers and acquisitions.

Most entrepreneurial ventures attempt to follow focus strategies.

In manufacturing toilet paper for grocery store chains (and avoiding competing directly against Charmin), Potlach has followed which of Porter's generic competitive strategies?

Business strategy is composed of

According to Barney, under which condition would tacit collusion most likely be successful?

Which of Porter's competitive strategies is likely to predominate in a fragmented industry?

What are Porter's three generic competitive strategies?

Incentives based on meeting strict quantitative targets are a common organizational requirement for which of Porter's generic competitive strategies?

The strategic rollup was developed in the mid-1990s as an efficient way to quickly consolidate a fragmented industry with the resulting large firm creating economies of scale.

One company that has successfully found a propitious niche is

Which strategy raises the questions of whether to compete on the basis of lower cost or differentiation and whether to compete for the biggest market or a niche market?

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

One company that has successfully found a propitious niche (extremely favorable niche) is Frank J. Zamboni & Company, the manufacturer of the machines that smooth the ice at ice skating rinks.

Disadvantages of joint ventures include all of the following EXCEPT

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 6: Strategy Formulation: Business Strategy

Which of the following is not considered a strategic alliance success factor?

Those companies using cooperative strategies are generally not able to gain a competitive advantage.

The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizations are not likely to challenge or dislodge it.

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

Amenities to attract highly skilled labor, scientists, or creative people are a common organizational requirement for which of Porter's generic competitive strategies?

The kind of strategic alliance in which there is a partnership of similar companies in similar industries who pool their resources to gain a benefit that is too expensive to develop alone is the

Rollups are not synonymous with traditional mergers and acquisitions.

Most entrepreneurial ventures attempt to follow focus strategies.

In manufacturing toilet paper for grocery store chains (and avoiding competing directly against Charmin), Potlach has followed which of Porter's generic competitive strategies?

Business strategy is composed of

According to Barney, under which condition would tacit collusion most likely be successful?

Which of Porter's competitive strategies is likely to predominate in a fragmented industry?

What are Porter's three generic competitive strategies?

Incentives based on meeting strict quantitative targets are a common organizational requirement for which of Porter's generic competitive strategies?

The strategic rollup was developed in the mid-1990s as an efficient way to quickly consolidate a fragmented industry with the resulting large firm creating economies of scale.

One company that has successfully found a propitious niche is

Which strategy raises the questions of whether to compete on the basis of lower cost or differentiation and whether to compete for the biggest market or a niche market?

A cost leader's lower costs allow it to continue to earn profits during times of heavy competition.

One company that has successfully found a propitious niche (extremely favorable niche) is Frank J. Zamboni & Company, the manufacturer of the machines that smooth the ice at ice skating rinks.

Disadvantages of joint ventures include all of the following EXCEPT

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters