Question 1

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

Accepted Answer

A) True 
 B)False  False

Question 2

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

Accepted Answer

A) True 
 B)False  False

Question 3

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Accepted Answer

A) True 
 B)False  False

Question 4

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Accepted Answer

A)  imitability. 
B)  reverse engineering. 
C)  transferability. 
D)  transparency. 
E)  durability. 
A)  imitability. 
B)  reverse engineering. 
C)  transferability. 
D)  transparency. 
E)  durability.

Question 5

Through market research, corporations are able to practice ________ with various products or services so that managers can discover what niches to seek, which new types of products to develop, and how to ensure that a company's many products do not directly compete with one another.

Accepted Answer

A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage. 
A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage.

Question 6

The mix in the workplace of people from different races, cultures, and backgrounds is referred to as

Accepted Answer

A)  demographics. 
B)  diversity. 
C)  quality of work life. 
D)  globalization. 
E)  internationalization. 
A)  demographics. 
B)  diversity. 
C)  quality of work life. 
D)  globalization. 
E)  internationalization.

Question 7

The proposition that silicon chips double in complexity every 18 months is referred to as

Accepted Answer

A)  Ohm's Law. 
B)  Moore's Law. 
C)  Porter's Five Forces Model. 
D)  Mintzberg's Rule. 
E)  Keynesian's Theory. 
A)  Ohm's Law. 
B)  Moore's Law. 
C)  Porter's Five Forces Model. 
D)  Mintzberg's Rule. 
E)  Keynesian's Theory.

Question 8

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

Accepted Answer

A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering. 
A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering.

Question 9

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Accepted Answer

A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  entrepreneurial model. 
A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  entrepreneurial model.

Question 10

Which of the following is a function of corporate culture?

Accepted Answer

A)  It encourages a laissez faire set of attitudes. 
B)  It encourages flexibility and thus constant change. 
C)  It conveys a sense of identity for employees. 
D)  It generates creative approaches to new situations. 
E)  It focuses employee commitment on their careers. 
A)  It encourages a laissez faire set of attitudes. 
B)  It encourages flexibility and thus constant change. 
C)  It conveys a sense of identity for employees. 
D)  It generates creative approaches to new situations. 
E)  It focuses employee commitment on their careers.

Question 11

Research reveals a positive relationship between corporate reputation and financial performance.

Accepted Answer

A) True 
 B)False

Question 12

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

Accepted Answer

A) True 
 B)False

Question 13

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

Accepted Answer

A) True 
 B)False

Question 14

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Accepted Answer

A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage. 
A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage.

Question 15

Which of the following is not a responsibility of a research and development manager?

Accepted Answer

A)  choosing among alternative new technologies to use within the corporation 
B)  developing methods of embodying the new technology in new products and processes 
C)  deploying resources so that the new technology can be successfully implemented 
D)  taking the design and operationalizing the plan into mass production 
E)  suggesting and implementing a corporation's technological strategy in light of its corporate objectives and policies 
A)  choosing among alternative new technologies to use within the corporation 
B)  developing methods of embodying the new technology in new products and processes 
C)  deploying resources so that the new technology can be successfully implemented 
D)  taking the design and operationalizing the plan into mass production 
E)  suggesting and implementing a corporation's technological strategy in light of its corporate objectives and policies

Question 16

Which one of the following best describes a conglomerate structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is appropriate for a large corporation with many product lines in several unrelated industries. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is appropriate for a large corporation with many product lines in several unrelated industries.

Question 17

A company's center of gravity is usually the point at which the company started.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not a primary activity of the value chain?

Accepted Answer

A)  raw materials handling 
B)  installation 
C)  repair 
D)  purchasing 
E)  warehousing 
A)  raw materials handling 
B)  installation 
C)  repair 
D)  purchasing 
E)  warehousing

Question 19

The corporate culture generally reflects the values of the founder(s) and the mission of the firm.

Accepted Answer

A) True 
 B)False

Question 20

Describe Barney's VRIO framework.

Accepted Answer

Barney, in his VRIO framework of analysi

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Through market research, corporations are able to practice ________ with various products or services so that managers can discover what niches to seek, which new types of products to develop, and how to ensure that a company's many products do not directly compete with one another.

The mix in the workplace of people from different races, cultures, and backgrounds is referred to as

The proposition that silicon chips double in complexity every 18 months is referred to as

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Which of the following is a function of corporate culture?

Research reveals a positive relationship between corporate reputation and financial performance.

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Which of the following is not a responsibility of a research and development manager?

Which one of the following best describes a conglomerate structure?

A company's center of gravity is usually the point at which the company started.

Which of the following is not a primary activity of the value chain?

The corporate culture generally reflects the values of the founder(s) and the mission of the firm.

Describe Barney's VRIO framework.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

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 5: Organizational Analysis and Competitive Advantage

Transferability is the ability of competitors to use duplicated resources and capabilities to imitate the other firm's success.

A company's capability in product R&D can be measured by consistent reductions in unit manufacturing costs and by the number of product defects.

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Through market research, corporations are able to practice ________ with various products or services so that managers can discover what niches to seek, which new types of products to develop, and how to ensure that a company's many products do not directly compete with one another.

The mix in the workplace of people from different races, cultures, and backgrounds is referred to as

The proposition that silicon chips double in complexity every 18 months is referred to as

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on, companies are using

The business model used by IBM to make money not selling IBM products, but by selling its expertise to improve their customers operations is the

Which of the following is a function of corporate culture?

Research reveals a positive relationship between corporate reputation and financial performance.

The product life cycle enables a marketing manager to examine the marketing mix of a particular product or group of products in terms of its position in its life cycle.

Since competitors were not able to understand how Gillette's Fusion razor was produced, it was considered transparent.

A graph showing time plotted against the dollar sales of a product as it moves from introduction through growth and maturity to decline is called the

Which of the following is not a responsibility of a research and development manager?

Which one of the following best describes a conglomerate structure?

A company's center of gravity is usually the point at which the company started.

Which of the following is not a primary activity of the value chain?

The corporate culture generally reflects the values of the founder(s) and the mission of the firm.

Describe Barney's VRIO framework.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

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