Question 1

How is Porter's five forces analysis different from a SWOT analysis?

Accepted Answer

Strategic groups analysis examines the s

Question 2

SWOT analysis involves comparing two internal and two external factors. What are the two internal factors?

Accepted Answer

A)  Strengths and Opportunities 
B)  Strengths and Weaknesses 
C)  Weaknesses and Threats 
D)  Opportunities and Threats 
E)  Strengths and Threats 
A)  Strengths and Opportunities 
B)  Strengths and Weaknesses 
C)  Weaknesses and Threats 
D)  Opportunities and Threats 
E)  Strengths and Threats

Question 3

Differentiate between capabilities and a dynamic capability.

Accepted Answer

Capabilities refer to what the organizat

Question 4

Philip Selznick developed and defined the concept of distinctive competence as:

Accepted Answer

A)  A systematic set of questions to determine how strategic advantages are achieved 
B)  A set of activities that an organization performs especially well 
C)  A set of operational questions managers can use to optimize performance 
D)  An exceptional evaluation process for upper management to access lower managements competencies 
E)  None of these 
A)  A systematic set of questions to determine how strategic advantages are achieved 
B)  A set of activities that an organization performs especially well 
C)  A set of operational questions managers can use to optimize performance 
D)  An exceptional evaluation process for upper management to access lower managements competencies 
E)  None of these

Question 5

Patents are legal decrees that protect inventions from direct imitation for a limited period of time.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an example of a copyright?

Accepted Answer

A)  Richard James's Slinky 
B)  McDonald's golden arches 
C)  The Nike swoosh 
D)  The formulation of Coca-Cola 
E)  Original artistic creations, like books 
A)  Richard James's Slinky 
B)  McDonald's golden arches 
C)  The Nike swoosh 
D)  The formulation of Coca-Cola 
E)  Original artistic creations, like books

Question 7

Differentiate between enactment and the environmental determinism.

Accepted Answer

Enactment treats executives as the maste

Question 8

McDonald's golden arches, the Nike swoosh, and Apple's outline of an apple are examples of _____.

Accepted Answer

A)  copyrights 
B)  trademarks 
C)  trade secrets 
D)  patents 
E)  inventor rights 
A)  copyrights 
B)  trademarks 
C)  trade secrets 
D)  patents 
E)  inventor rights

Question 9

The blend of 11 herbs and spices used in Kentucky Fried Chicken's original chicken recipe is an example of a(n) _____.

Accepted Answer

A)  copyright 
B)  trademark 
C)  trade secret 
D)  patent 
E)  inventor right 
A)  copyright 
B)  trademark 
C)  trade secret 
D)  patent 
E)  inventor right

Question 10

The legal system is the least favored choice of firms for protecting their _____.

Accepted Answer

A)  patents 
B)  copyrights 
C)  trademarks 
D)  trade secrets 
E)  inventor rights 
A)  patents 
B)  copyrights 
C)  trademarks 
D)  trade secrets 
E)  inventor rights

Question 11

To earn a patent from the U.S. Patent and Trademark Office, an inventor must demonstrate than an invention is new, non-obvious, and useful.

Accepted Answer

A) True 
 B)False

Question 12

Failing to manage a supply chain effectively causes serious harm. In terms of stock price, a company's market value erodes by an average of ____ percent following the announcement of a major supply chain problem.

Accepted Answer

A)  1 
B)  100 
C)  20 
D)  10 
E)  5 
A)  1 
B)  100 
C)  20 
D)  10 
E)  5

Question 13

_____ is one of the five primary activities that value chains include.

Accepted Answer

A)  Procurement 
B)  Firm infrastructure 
C)  Technology 
D)  Human resource management 
E)  Inbound logistics 
A)  Procurement 
B)  Firm infrastructure 
C)  Technology 
D)  Human resource management 
E)  Inbound logistics

Question 14

It would be simply too costly for an airline to pursue a backward integration strategy and enter the airplane manufacturing business. Which of the following theories for explaining a firm's competitiveness is most likely to give executives such insights?

Accepted Answer

A)  Resource-based theory 
B)  Enactment 
C)  Transaction cost economics 
D)  Environmental determinism 
E)  Institutional theory 
A)  Resource-based theory 
B)  Enactment 
C)  Transaction cost economics 
D)  Environmental determinism 
E)  Institutional theory

Question 15

A strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstitutable.

Accepted Answer

A) True 
 B)False

Question 16

Opportunities and threats, as a part of the SWOT analysis, are assessed by examining the firm's resources.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following statements about the SWOT analysis is accurate?

Accepted Answer

A)  SWOT analysis is a rigorous method for selecting strategies. 
B)  SWOT analysis is a brainstorming technique for generating creative ideas. 
C)  SWOT analysis is useful for identifying a business's closest competitors. 
D)  SWOT analysis examines the situations faced by the competitors in an industry. 
E)  SWOT analysis is routinely used for identifying strategic groups within an industry. 
A)  SWOT analysis is a rigorous method for selecting strategies. 
B)  SWOT analysis is a brainstorming technique for generating creative ideas. 
C)  SWOT analysis is useful for identifying a business's closest competitors. 
D)  SWOT analysis examines the situations faced by the competitors in an industry. 
E)  SWOT analysis is routinely used for identifying strategic groups within an industry.

Question 18

According to the resource-based theory, what characteristic of strategic resources are trademarks an example of?

Accepted Answer

A)  Difficult to imitate 
B)  Valuable 
C)  Rare 
D)  Non-substitutable 
E)  None of these 
A)  Difficult to imitate 
B)  Valuable 
C)  Rare 
D)  Non-substitutable 
E)  None of these

Question 19

According to the resource-based theory, resources that provide a firm a sustained competitive advantage are rare:

Accepted Answer

A)  dynamic, non-substitutable, and available. 
B)  valuable, non-substitutable, and available. 
C)  valuable, non-substitutable, and difficult to imitate. 
D)  valuable, dynamic, and difficult to imitate. 
E)  dynamic, distinctive, and difficult to imitate. 
A)  dynamic, non-substitutable, and available. 
B)  valuable, non-substitutable, and available. 
C)  valuable, non-substitutable, and difficult to imitate. 
D)  valuable, dynamic, and difficult to imitate. 
E)  dynamic, distinctive, and difficult to imitate.

Question 20

A resource is valuable to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

Accepted Answer

A) True 
 B)False

How is Porter's five forces analysis different from a SWOT analysis?

SWOT analysis involves comparing two internal and two external factors. What are the two internal factors?

Differentiate between capabilities and a dynamic capability.

Philip Selznick developed and defined the concept of distinctive competence as:

Patents are legal decrees that protect inventions from direct imitation for a limited period of time.

Which of the following is an example of a copyright?

Differentiate between enactment and the environmental determinism.

McDonald's golden arches, the Nike swoosh, and Apple's outline of an apple are examples of _____.

The blend of 11 herbs and spices used in Kentucky Fried Chicken's original chicken recipe is an example of a(n) _____.

The legal system is the least favored choice of firms for protecting their _____.

To earn a patent from the U.S. Patent and Trademark Office, an inventor must demonstrate than an invention is new, non-obvious, and useful.

Failing to manage a supply chain effectively causes serious harm. In terms of stock price, a company's market value erodes by an average of ____ percent following the announcement of a major supply chain problem.

_____ is one of the five primary activities that value chains include.

It would be simply too costly for an airline to pursue a backward integration strategy and enter the airplane manufacturing business. Which of the following theories for explaining a firm's competitiveness is most likely to give executives such insights?

A strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstitutable.

Opportunities and threats, as a part of the SWOT analysis, are assessed by examining the firm's resources.

Which of the following statements about the SWOT analysis is accurate?

According to the resource-based theory, what characteristic of strategic resources are trademarks an example of?

According to the resource-based theory, resources that provide a firm a sustained competitive advantage are rare:

A resource is valuable to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

Mastering Strategy: Art and Science

Leading Strategically

Evaluating the External Environment

Selecting Business-Level Strategies

Supporting the Business-Level Strategy: Competitive and Cooperative Moves

Competing in International Markets

Selecting Corporate-Level Strategies

Executing Strategy Through Organizational Design

Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility

Filters

Exam 4: Managing Company Resources

How is Porter's five forces analysis different from a SWOT analysis?

SWOT analysis involves comparing two internal and two external factors. What are the two internal factors?

Differentiate between capabilities and a dynamic capability.

Philip Selznick developed and defined the concept of distinctive competence as:

Patents are legal decrees that protect inventions from direct imitation for a limited period of time.

Which of the following is an example of a copyright?

Differentiate between enactment and the environmental determinism.

McDonald's golden arches, the Nike swoosh, and Apple's outline of an apple are examples of _____.

The blend of 11 herbs and spices used in Kentucky Fried Chicken's original chicken recipe is an example of a(n) _____.

The legal system is the least favored choice of firms for protecting their _____.

To earn a patent from the U.S. Patent and Trademark Office, an inventor must demonstrate than an invention is new, non-obvious, and useful.

Failing to manage a supply chain effectively causes serious harm. In terms of stock price, a company's market value erodes by an average of ____ percent following the announcement of a major supply chain problem.

_____ is one of the five primary activities that value chains include.

It would be simply too costly for an airline to pursue a backward integration strategy and enter the airplane manufacturing business. Which of the following theories for explaining a firm's competitiveness is most likely to give executives such insights?

A strategic resource is an asset that is valuable, rare, difficult to imitate, and nonsubstitutable.

Opportunities and threats, as a part of the SWOT analysis, are assessed by examining the firm's resources.

Which of the following statements about the SWOT analysis is accurate?

According to the resource-based theory, what characteristic of strategic resources are trademarks an example of?

According to the resource-based theory, resources that provide a firm a sustained competitive advantage are rare:

A resource is valuable to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

Mastering Strategy: Art and Science

Leading Strategically

Evaluating the External Environment

Selecting Business-Level Strategies

Supporting the Business-Level Strategy: Competitive and Cooperative Moves

Competing in International Markets

Selecting Corporate-Level Strategies

Executing Strategy Through Organizational Design

Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility

Filters