Question 1

In the maturity stage, aggregate industry demand begins to slow and the markets are becoming

Accepted Answer

A)  less competitive. 
B)  less equally balanced. 
C)  saturated. 
D)  attractive to new adopters. 
A)  less competitive. 
B)  less equally balanced. 
C)  saturated. 
D)  attractive to new adopters. C

Question 2

Which of the following decline stage strategies refers to keeping a product going without significantly reducing marketing support, technology development, or other investments, in the hope that competitors will exit the market?

Accepted Answer

A)  Consolidation 
B)  Exiting 
C)  Harvesting 
D)  Maintaining 
A)  Consolidation 
B)  Exiting 
C)  Harvesting 
D)  Maintaining D

Question 3

Explain the "action-response" processes that create competitive dynamics within an industry.

Accepted Answer

New entry into markets, whether by start-ups or by incumbent firms, nearly always threatens existing competitors. This is partly True because except in very new markets, nearly every market need is already being met, either directly or indirectly, by existing firms. As a result, the competitive actions of a new entrant are very likely to provoke a competitive response from companies that feel threatened. This, in turn, is likely to evoke a reaction to the response. As a result, a competitive dynamic-action and response-begins among the firms competing for the same customers in a given marketplace.

Question 4

Intense rivalry among competitors rarely has the potential to alter a firm's strategy.

Accepted Answer

A) True 
 B)False

Question 5

There can be benefits to being a "late mover" in a market or industry.

Accepted Answer

A) True 
 B)False

Question 6

The automotive industry is considered to be at the _______ stage in the industry life cycle.

Accepted Answer

A)  maturity 
B)  decline 
C)  growth 
D)  re-birth 
A)  maturity 
B)  decline 
C)  growth 
D)  re-birth

Question 7

The overnight delivery system is experiencing which type of change as a result of technological advances?

Accepted Answer

A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change 
A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change

Question 8

The life cycle idea used to describe industries is analogous to a living organism that experiences birth, growth, maturity, and death. This comparison

Accepted Answer

A)  provides clear insight into how organizations change over time. 
B)  has some limitations and does not always hold true. 
C)  is appropriate because firm rarely experience renewal. 
D)  perfectly explains the cereal industry. 
A)  provides clear insight into how organizations change over time. 
B)  has some limitations and does not always hold true. 
C)  is appropriate because firm rarely experience renewal. 
D)  perfectly explains the cereal industry.

Question 9

Tactical actions represent major commitments of distinctive and specific resources.

Accepted Answer

A) True 
 B)False

Question 10

Success in the introduction stage requires an emphasis on research and development and marketing activities to enhance awareness of the product or service. The challenge involves

Accepted Answer

A)  conflict with existing products. 
B)  dealing with high sales volumes. 
C)  keeping production costs low. 
D)  developing the product and getting people to try it. 
A)  conflict with existing products. 
B)  dealing with high sales volumes. 
C)  keeping production costs low. 
D)  developing the product and getting people to try it.

Question 11

Competitive dynamics may be understood as

Accepted Answer

A)  intense rivalry among similar competitors. 
B)  strong buyer power. 
C)  a strong threat of substitutes. 
D)  strong supplier power. 
A)  intense rivalry among similar competitors. 
B)  strong buyer power. 
C)  a strong threat of substitutes. 
D)  strong supplier power.

Question 12

The turnaround strategy used by Stephen M. Bennett at Intuit could be described as

Accepted Answer

A)  streamlining operations. 
B)  selective product and market pruning. 
C)  piecemeal productivity improvements. 
D)  asset and cost surgery. 
A)  streamlining operations. 
B)  selective product and market pruning. 
C)  piecemeal productivity improvements. 
D)  asset and cost surgery.

Question 13

The four stages of the industry life cycle include introduction, growth, maturity and revitalization.

Accepted Answer

A) True 
 B)False

Question 14

All of the following represent evolutionary trajectories of industry change, except:

Accepted Answer

A)  creative change. 
B)  regressive change. 
C)  radical change. 
D)  progressive change. 
A)  creative change. 
B)  regressive change. 
C)  radical change. 
D)  progressive change.

Question 15

The automobile industry is one facing _______ change as customers get all the information they need online.

Accepted Answer

A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change 
A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change

Question 16

The least potent forces for industry change are technology and innovation.

Accepted Answer

A) True 
 B)False

Question 17

Low to moderate emphasis on process design tends to occur during the _______ stage in the industry life cycle.

Accepted Answer

A)  preliminary 
B)  decline 
C)  introductory 
D)  growth 
A)  preliminary 
B)  decline 
C)  introductory 
D)  growth

Question 18

________ change occurs when core activities and core assets both face the threat of obsolescence

Accepted Answer

A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change 
A)  Creative change 
B)  Intermediating change 
C)  Radical change 
D)  Progressive change

Question 19

Radical change is most likely to occur under non-threatening conditions.

Accepted Answer

A) True 
 B)False

Question 20

Differentiate between the four evolutionary trajectories of industry change.

Accepted Answer

Radical change occurs when core activiti

In the maturity stage, aggregate industry demand begins to slow and the markets are becoming

Which of the following decline stage strategies refers to keeping a product going without significantly reducing marketing support, technology development, or other investments, in the hope that competitors will exit the market?

Explain the "action-response" processes that create competitive dynamics within an industry.

Intense rivalry among competitors rarely has the potential to alter a firm's strategy.

There can be benefits to being a "late mover" in a market or industry.

The automotive industry is considered to be at the _______ stage in the industry life cycle.

The overnight delivery system is experiencing which type of change as a result of technological advances?

The life cycle idea used to describe industries is analogous to a living organism that experiences birth, growth, maturity, and death. This comparison

Tactical actions represent major commitments of distinctive and specific resources.

Success in the introduction stage requires an emphasis on research and development and marketing activities to enhance awareness of the product or service. The challenge involves

Competitive dynamics may be understood as

The turnaround strategy used by Stephen M. Bennett at Intuit could be described as

The four stages of the industry life cycle include introduction, growth, maturity and revitalization.

All of the following represent evolutionary trajectories of industry change, except:

The automobile industry is one facing _______ change as customers get all the information they need online.

The least potent forces for industry change are technology and innovation.

Low to moderate emphasis on process design tends to occur during the _______ stage in the industry life cycle.

________ change occurs when core activities and core assets both face the threat of obsolescence

Radical change is most likely to occur under non-threatening conditions.

Differentiate between the four evolutionary trajectories of industry change.

Strategic Management: Creating Competitive Advantages: an Overview

Analyzing the External Environment of the Firm

Analyzing the Internal Environment of the Firm

Assessing the Intellectual Assets of the Firm

Business-Level Strategy: Creating and Sustaining Competitive Advanta

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Creating Effective Organizational Designs

Strategic Control and Corporate Governance

Strategic Leadership: Creating a Learning, Ethical, and Socially Res

Managing Innovation and Fostering Entrepreneurship

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Exam 8: Industry Change and Competitive Dynamics

In the maturity stage, aggregate industry demand begins to slow and the markets are becoming

Which of the following decline stage strategies refers to keeping a product going without significantly reducing marketing support, technology development, or other investments, in the hope that competitors will exit the market?

Explain the "action-response" processes that create competitive dynamics within an industry.

Intense rivalry among competitors rarely has the potential to alter a firm's strategy.

There can be benefits to being a "late mover" in a market or industry.

The automotive industry is considered to be at the _______ stage in the industry life cycle.

The overnight delivery system is experiencing which type of change as a result of technological advances?

The life cycle idea used to describe industries is analogous to a living organism that experiences birth, growth, maturity, and death. This comparison

Tactical actions represent major commitments of distinctive and specific resources.

Success in the introduction stage requires an emphasis on research and development and marketing activities to enhance awareness of the product or service. The challenge involves

Competitive dynamics may be understood as

The turnaround strategy used by Stephen M. Bennett at Intuit could be described as

The four stages of the industry life cycle include introduction, growth, maturity and revitalization.

All of the following represent evolutionary trajectories of industry change, except:

The automobile industry is one facing _______ change as customers get all the information they need online.

The least potent forces for industry change are technology and innovation.

Low to moderate emphasis on process design tends to occur during the _______ stage in the industry life cycle.

________ change occurs when core activities and core assets both face the threat of obsolescence

Radical change is most likely to occur under non-threatening conditions.

Differentiate between the four evolutionary trajectories of industry change.

Strategic Management: Creating Competitive Advantages: an Overview

Analyzing the External Environment of the Firm

Analyzing the Internal Environment of the Firm

Assessing the Intellectual Assets of the Firm

Business-Level Strategy: Creating and Sustaining Competitive Advanta

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Creating Effective Organizational Designs

Strategic Control and Corporate Governance

Strategic Leadership: Creating a Learning, Ethical, and Socially Res

Managing Innovation and Fostering Entrepreneurship

Filters