Exam 4: The Internal Assessment

Which of the following is the process of influencing people to accomplish specific objectives?

A firm's strengths that cannot be easily matched or imitated by competitors are called

Financial ratio analysis becomes less useful if one goes beyond the actual calculation and interpretation of each individual ratio.

What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?

The IFE Matrix should be ________ in multidivisional firms.

Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.

Discuss the five steps involved in performing an Internal Factor Evaluation (IFE) Matrix.

Collaborative machines are a new breed of robots.

Explain the resource-based view and its relation to strategic management.

Cyberthreats are more of a technology threat than a people threat.

In determining the ________, marketers often make decisions related to areas such as warehousing, distribution channels, and retail site locations.

Who should perform an internal audit?

In the IFE Matrix, weights are industry-based, not company-based.

Organizational culture is not enduring.

The controlling function of management is especially important for effective strategy evaluation.

For a resource to be valuable, it must be either rare, hard to imitate, or not easily substitutable.

Discuss the limitations of financial ratio analysis.

In the IFE Matrix, a weight of 0.01 means the factor is not important.

Most producers today sell their goods directly to consumers.

Data mining can help in generating predictive models.