Question 1

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

Accepted Answer

A) True 
 B)False

Question 2

Research indicates that greater leverage has a positive impact on performance for firms in stable environments, but a negative impact for firms in dynamic environments.

Accepted Answer

A) True 
 B)False

Question 3

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

Accepted Answer

A) True 
 B)False

Question 4

Capabilities refer to a corporation's ability to exploit its resources.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Accepted Answer

A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work 
A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work

Question 6

Discuss primary and support activities in a value chain.

Accepted Answer

Porter proposed that a corporation's val

Question 7

Strategic managers must be concerned with human resource management because

Accepted Answer

A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism. 
A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism.

Question 8

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

Accepted Answer

A)  procurement 
B)  technology development 
C)  human resource management 
D)  marketing and sales 
E)  strategic planning 
A)  procurement 
B)  technology development 
C)  human resource management 
D)  marketing and sales 
E)  strategic planning

Question 9

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

Accepted Answer

A)  SWOT. 
B)  competitive forces. 
C)  internal strategic factors. 
D)  quality accounting. 
E)  factor analysis. 
A)  SWOT. 
B)  competitive forces. 
C)  internal strategic factors. 
D)  quality accounting. 
E)  factor analysis.

Question 10

When examining the corporate value chain of a particular product or service, which one of the following is not one of the primary activities that usually occur?

Accepted Answer

A)  operations 
B)  inbound and outbound logistics 
C)  auditing and accounting 
D)  marketing and sales 
E)  customer service 
A)  operations 
B)  inbound and outbound logistics 
C)  auditing and accounting 
D)  marketing and sales 
E)  customer service

Question 11

The second step in value chain analysis is to

Accepted Answer

A)  identify the legal ramifications and responsibilities of their product or service. 
B)  examine the linkages within each product's value chain. 
C)  confirm that all variables have been included and taken into consideration. 
D)  ensure that quality management is adequately addressed. 
E)  examine the potential synergies among the corporation's product or business units. 
A)  identify the legal ramifications and responsibilities of their product or service. 
B)  examine the linkages within each product's value chain. 
C)  confirm that all variables have been included and taken into consideration. 
D)  ensure that quality management is adequately addressed. 
E)  examine the potential synergies among the corporation's product or business units.

Question 12

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

Accepted Answer

A)  Tacit knowledge 
B)  Explicit knowledge 
C)  Imitable knowledge 
D)  Transferable knowledge 
E)  Durable knowledge 
A)  Tacit knowledge 
B)  Explicit knowledge 
C)  Imitable knowledge 
D)  Transferable knowledge 
E)  Durable knowledge

Question 13

When a company takes apart a competitor's product in order to find out how it works, this process is known as

Accepted Answer

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

Question 14

What are the two distinct attributes of corporate culture?

Accepted Answer

A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change 
A)  differentiation and integration 
B)  durability and imitability 
C)  concern for people and concern for task 
D)  intensity and integration 
E)  amount of complexity and tolerance of change

Question 15

When a company's core competencies are superior to those of competitors, these are known as

Accepted Answer

A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors. 
A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors.

Question 16

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

Accepted Answer

A)  cultural intensity. 
B)  cultural diversification. 
C)  cultural integration. 
D)  cultural strategy. 
E)  cultural prerogative. 
A)  cultural intensity. 
B)  cultural diversification. 
C)  cultural integration. 
D)  cultural strategy. 
E)  cultural prerogative.

Question 17

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

Accepted Answer

A)  The experience curve 
B)  The R&D mix 
C)  Technological competence 
D)  Economy of scale 
E)  Economy of scope 
A)  The experience curve 
B)  The R&D mix 
C)  Technological competence 
D)  Economy of scale 
E)  Economy of scope

Question 18

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

Accepted Answer

A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue. 
A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue.

Question 19

The process of taking a new technology from the laboratory to the marketplace is called

Accepted Answer

A)  economies of scope versus operating leverage. 
B)  the R&D mix. 
C)  technological competence. 
D)  technology transfer. 
E)  technology discontinuity. 
A)  economies of scope versus operating leverage. 
B)  the R&D mix. 
C)  technological competence. 
D)  technology transfer. 
E)  technology discontinuity.

Question 20

General Electric is well known for its distinctive competency in management development.

Accepted Answer

A) True 
 B)False

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

Research indicates that greater leverage has a positive impact on performance for firms in stable environments, but a negative impact for firms in dynamic environments.

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

Capabilities refer to a corporation's ability to exploit its resources.

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Discuss primary and support activities in a value chain.

Strategic managers must be concerned with human resource management because

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

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

When examining the corporate value chain of a particular product or service, which one of the following is not one of the primary activities that usually occur?

The second step in value chain analysis is to

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

When a company takes apart a competitor's product in order to find out how it works, this process is known as

What are the two distinct attributes of corporate culture?

When a company's core competencies are superior to those of competitors, these are known as

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

The process of taking a new technology from the laboratory to the marketplace is called

General Electric is well known for its distinctive competency in management development.

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

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

Research indicates that greater leverage has a positive impact on performance for firms in stable environments, but a negative impact for firms in dynamic environments.

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

Capabilities refer to a corporation's ability to exploit its resources.

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Discuss primary and support activities in a value chain.

Strategic managers must be concerned with human resource management because

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

Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called

When examining the corporate value chain of a particular product or service, which one of the following is not one of the primary activities that usually occur?

The second step in value chain analysis is to

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

When a company takes apart a competitor's product in order to find out how it works, this process is known as

What are the two distinct attributes of corporate culture?

When a company's core competencies are superior to those of competitors, these are known as

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

________ suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles.

As compared to a firm with low financial leverage, a firm with a high amount of financial leverage in an expanding market should have

The process of taking a new technology from the laboratory to the marketplace is called

General Electric is well known for its distinctive competency in management development.

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