Exam 3: The External Assessment

Mass communication and high technology are creating similar patterns of consumption in diverse cultures worldwide,which means that many companies may find it difficult to survive by relying solely on domestic markets.

Although the Arab world has one of the highest rates of expansion of the youth demographic in the world,the growing percentage of the older segment is apparent in some countries.

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade- off between production standardization and flexibility.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix,the highest possible total weighted score for an organization is 4.0,and the lowest possible total weighted score is 0.0.

The Arab world has just over million people.

Technological advancements can create new advantages that are more powerful than existing advantages.

The Arab Human Development Report 2009 shows that life expectancy of the Arab population,on average,jumped from 46 years in 1960 to about 70 in 2005.

Industry analysis is also referred to as external strategic management audit.

External audits attempt to identify key variables that offer actionable responses.

Which of the following is a process of worldwide integration of strategy formulation,implementation and evaluation activities?

One difference between CPM and EFE is that

Learning from the partner is a major reason why firms enter into cooperative agreements.

Globalization of industries is occurring for all of these reasons except

The process of performing an external audit needs to include

is not a basic mission of a competitive intelligence program.

Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms

An EFE Matrix does not alow strategists to summarize and evaluate economic,social,cultural,demographic,environmental,political,governmental,legal,technological,and competitive information.

Corporate intelligence can be defined as a systematic and ethical process for gathering and analyzing information about the activities and general business trends of the competition,to further a business's own goals.

The critical success factors in a Competitive Profile Matrix are often the same as those in an EFE Matrix.