Question 1

All of the following describe tactics employ within the 'asset and cost surgery turnaround strategy,' except:

Accepted Answer

A)  deferring investment in new plants and equipment. 
B)  outsourcing the production of various inputs. 
C)  cutting administrative expenses. 
D)  benchmarking specific activities against industry leaders. 
A)  deferring investment in new plants and equipment. 
B)  outsourcing the production of various inputs. 
C)  cutting administrative expenses. 
D)  benchmarking specific activities against industry leaders.

Question 2

A business who is sustaining innovations by targeting 'higher tier' customers risks opening the doors to new competition who introduce 'disruptive innovations.'

Accepted Answer

A) True 
 B)False

Question 3

Most businesses in decline have no potential for rejuvenation.

Accepted Answer

A) True 
 B)False

Question 4

During the introductory stage of an industry's life cycle research and development is a key activity.

Accepted Answer

A) True 
 B)False

Question 5

Disruptive innovations

Accepted Answer

A)  allow a company to charge high prices for innovative products 
B)  allow consumers at the bottom of the market access to a product historically they did not have access to 
C)  allow for demanding consumers at the top of the market to access a product 
D)  are often simpler but more expensive for the consumer 
A)  allow a company to charge high prices for innovative products 
B)  allow consumers at the bottom of the market access to a product historically they did not have access to 
C)  allow for demanding consumers at the top of the market to access a product 
D)  are often simpler but more expensive for the consumer

Question 6

Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or

Accepted Answer

A)  eliminating competitors. 
B)  consolidating. 
C)  minimizing office expenses. 
D)  reducing business travel. 
A)  eliminating competitors. 
B)  consolidating. 
C)  minimizing office expenses. 
D)  reducing business travel.

Question 7

Identify the four basic strategies that are available in the decline stage and discuss the factors that managers should consider when choosing from these four strategies.

Accepted Answer

The four basic strategies available duri

Question 8

During the growth stage, revenues increase at an accelerating rate because new consumers are trying the product and

Accepted Answer

A)  product differentiation is more difficult 
B)  products become regarded as rare or unique. 
C)  there are infrequent purchases. 
D)  a growing number of satisfied customers are making repeat purchases. 
A)  product differentiation is more difficult 
B)  products become regarded as rare or unique. 
C)  there are infrequent purchases. 
D)  a growing number of satisfied customers are making repeat purchases.

Question 9

In general, the industry life cycle model implies an evolutionary change and

Accepted Answer

A)  rapid transition from stage to stage. 
B)  applies primarily to larger, older companies. 
C)  is concerned primarily with new entrants. 
D)  gradual progression from one stage to the next. 
A)  rapid transition from stage to stage. 
B)  applies primarily to larger, older companies. 
C)  is concerned primarily with new entrants. 
D)  gradual progression from one stage to the next.

Question 10

How did Christensen and colleagues revise the theory of disruptive innovation?

Accepted Answer

They realized that the predictions hold

Question 11

Two factors that may be used to assess whether or not other companies are close competitors are

Accepted Answer

A)  Internet-based knowledge management systems and organizational learning. 
B)  Market commonality and resource similarity. 
C)  Online access to real-time sales and service information. 
D)  Espionage and corporate spying. 
A)  Internet-based knowledge management systems and organizational learning. 
B)  Market commonality and resource similarity. 
C)  Online access to real-time sales and service information. 
D)  Espionage and corporate spying.

Question 12

The most intense level of competition within an industry tends to occur during the _________ stage in the industry life cycle.

Accepted Answer

A)  introductory 
B)  growth 
C)  competitive 
D)  maturity 
A)  introductory 
B)  growth 
C)  competitive 
D)  maturity

Question 13

Outline the key reasons why companies launch new competitive initiatives.

Accepted Answer

Companies launch new competitive initiat

Question 14

Which of the following decline stage strategies involves dropping the product from a firm's portfolio

Accepted Answer

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

Question 15

Many product classes and whole industries, such as beer, automobiles, televisions, furniture and airlines are in the maturity stage.

Accepted Answer

A) True 
 B)False

All of the following describe tactics employ within the 'asset and cost surgery turnaround strategy,' except:

A business who is sustaining innovations by targeting 'higher tier' customers risks opening the doors to new competition who introduce 'disruptive innovations.'

Most businesses in decline have no potential for rejuvenation.

During the introductory stage of an industry's life cycle research and development is a key activity.

Disruptive innovations

Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or

Identify the four basic strategies that are available in the decline stage and discuss the factors that managers should consider when choosing from these four strategies.

During the growth stage, revenues increase at an accelerating rate because new consumers are trying the product and

In general, the industry life cycle model implies an evolutionary change and

How did Christensen and colleagues revise the theory of disruptive innovation?

Two factors that may be used to assess whether or not other companies are close competitors are

The most intense level of competition within an industry tends to occur during the _________ stage in the industry life cycle.

Outline the key reasons why companies launch new competitive initiatives.

Which of the following decline stage strategies involves dropping the product from a firm's portfolio

Many product classes and whole industries, such as beer, automobiles, televisions, furniture and airlines are in the maturity stage.

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

Exam 8: Industry Change and Competitive Dynamics

All of the following describe tactics employ within the 'asset and cost surgery turnaround strategy,' except:

A business who is sustaining innovations by targeting 'higher tier' customers risks opening the doors to new competition who introduce 'disruptive innovations.'

Most businesses in decline have no potential for rejuvenation.

During the introductory stage of an industry's life cycle research and development is a key activity.

Disruptive innovations

Four basic strategies that are available in the decline stage are maintaining, harvesting, exiting, or

Identify the four basic strategies that are available in the decline stage and discuss the factors that managers should consider when choosing from these four strategies.

During the growth stage, revenues increase at an accelerating rate because new consumers are trying the product and

In general, the industry life cycle model implies an evolutionary change and

How did Christensen and colleagues revise the theory of disruptive innovation?

Two factors that may be used to assess whether or not other companies are close competitors are

The most intense level of competition within an industry tends to occur during the _________ stage in the industry life cycle.

Outline the key reasons why companies launch new competitive initiatives.

Which of the following decline stage strategies involves dropping the product from a firm's portfolio

Many product classes and whole industries, such as beer, automobiles, televisions, furniture and airlines are in the maturity stage.

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