Exam 3: Internal Analysis: Resources and Competitive Advantage

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Describe the two main ways managers can increase return on invested capital (ROIC). Give examples of strategies that can be used to achieve each of these goals.

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Question 61

Ford Motor Company developed the Explorer sports utility vehicle (SUV) in 1990, and it is still one of the best-selling SUVs in the United States, based on an extensive study of customer preferences. Which value-chain activity of Ford conducted those studies?

(Multiple Choice)

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Question 62

Research and development activities are concerned with:

(Multiple Choice)

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Question 63

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates:

(Multiple Choice)

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Question 64

Comparing the history of a firm's performance as well as its performance against competitors can benefit a firm in which of the following ways?

(Multiple Choice)

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Question 65

Creating a signature scent, choosing an original name, and configuring the shape and look of the bottle are all decisions made in the production phase of the value chain for a perfume company.

(True/False)

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Question 66

Which of the following best describes product innovation?

(Multiple Choice)

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Question 67

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Describe the two main ways managers can increase return on invested capital (ROIC). Give examples of strategies that can be used to achieve each of these goals.

Ford Motor Company developed the Explorer sports utility vehicle (SUV) in 1990, and it is still one of the best-selling SUVs in the United States, based on an extensive study of customer preferences. Which value-chain activity of Ford conducted those studies?

Research and development activities are concerned with:

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates:

Comparing the history of a firm's performance as well as its performance against competitors can benefit a firm in which of the following ways?

Creating a signature scent, choosing an original name, and configuring the shape and look of the bottle are all decisions made in the production phase of the value chain for a perfume company.

Which of the following best describes product innovation?

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: the Identification of Opportunities and Threats

Competitive Advantage Through Functional-Level Strategies

Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Governance, Social Responsibility, and Ethics

Implementing Strategy Through Organization

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