Question 1

The three components of the strategy process include planning, implementation, and evaluation and control.

Accepted Answer

A) True 
 B)False

Question 2

Which level of a firm's strategy establishes how diversified the firm is to become and in what domains that diversification will occur?

Accepted Answer

A)  Business-level strategy 
B)  Corporate-level strategy 
C)  Functional-level strategy 
D)  Transitional-level strategy 
A)  Business-level strategy 
B)  Corporate-level strategy 
C)  Functional-level strategy 
D)  Transitional-level strategy

Question 3

The most important dimension along which alliances can be differentiated is the _____ of the alliance.

Accepted Answer

A)  mutuality 
B)  formality 
C)  professionality 
D)  emotionality 
A)  mutuality 
B)  formality 
C)  professionality 
D)  emotionality

Question 4

Which of the following statements about a firm's mission statement is false?

Accepted Answer

A)  Typically, mission statements are short, with approximately 5 to 10 words. 
B)  It is a simple statement of the basic purpose for the firm's existence. 
C)  The firm will include its ''reason for existence'' in its mission statement. 
D)  It identifies what is unique about the firm. 
A)  Typically, mission statements are short, with approximately 5 to 10 words. 
B)  It is a simple statement of the basic purpose for the firm's existence. 
C)  The firm will include its ''reason for existence'' in its mission statement. 
D)  It identifies what is unique about the firm.

Question 5

Which of the following is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together, and that breaks the firm's activities into primary activities and support activities?

Accepted Answer

A)  Resource analysis 
B)  Core competency analysis 
C)  Strategic group analysis 
D)  Value-chain analysis 
A)  Resource analysis 
B)  Core competency analysis 
C)  Strategic group analysis 
D)  Value-chain analysis

Question 6

The principal means by which a firm changes its portfolio of businesses is through alliances.

Accepted Answer

A) True 
 B)False

Question 7

Strategy is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals.

Accepted Answer

A) True 
 B)False

Question 8

In terms of the factors motivating a firm entering into an M&A, which of the following is true?

Accepted Answer

A)  Smaller firms are more willing to pursue an M&A because it limits their financial exposure. 
B)  In high-risk environments, firms are less likely to want to commit resources necessary for an M&A. 
C)  Managers like M&As in entering developing countries if the systematic country risk is high. 
D)  M&As are a good way to test a new market and to see if two firms can share technology effectively. 
A)  Smaller firms are more willing to pursue an M&A because it limits their financial exposure. 
B)  In high-risk environments, firms are less likely to want to commit resources necessary for an M&A. 
C)  Managers like M&As in entering developing countries if the systematic country risk is high. 
D)  M&As are a good way to test a new market and to see if two firms can share technology effectively.

Question 9

The total package of products that complement each other is typically referred to as a product class.

Accepted Answer

A) True 
 B)False

Question 10

What are the advantages of vertical integration?

Accepted Answer

Several advantages can accrue to vertica

Question 11

A comparative advantage results from something that the firm does better than any of its competitors.

Accepted Answer

A) True 
 B)False

Question 12

Mission statement is a simple statement of the basic purpose or reason for the business to
exist and its activities.

Accepted Answer

A) True 
 B)False

Question 13

Functional skills that a firm develops and which are the foundation on which a firm builds its strategy are:

Accepted Answer

A)  capabilities. 
B)  resources. 
C)  key success factors. 
D)  comparative advantages. 
A)  capabilities. 
B)  resources. 
C)  key success factors. 
D)  comparative advantages.

Question 14

Which of the following usually means that the firms will partner to produce and sell a given product or service?

Accepted Answer

A)  Turnkey project 
B)  Exporting 
C)  Merger 
D)  Strategic alliance 
A)  Turnkey project 
B)  Exporting 
C)  Merger 
D)  Strategic alliance

Question 15

Strategic planning:

Accepted Answer

A)  is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals. 
B)  helps define the type of organization the firm intends to be, and the nature of the contribution it makes to its constituents. 
C)  is an effort by which an organization defines the nature of the products and/or services it provides. 
D)  is the process by which a firm decides its direction over the next several years. 
A)  is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals. 
B)  helps define the type of organization the firm intends to be, and the nature of the contribution it makes to its constituents. 
C)  is an effort by which an organization defines the nature of the products and/or services it provides. 
D)  is the process by which a firm decides its direction over the next several years.

Question 16

Compare and contrast the three different levels of strategy.

Accepted Answer

There are three different levels of stra

Question 17

Alliances that are intermediate in their formality are agreements that have more interaction between the parties, and less agreement between each party in the alliance is required.

Accepted Answer

A) True 
 B)False

The three components of the strategy process include planning, implementation, and evaluation and control.

Which level of a firm's strategy establishes how diversified the firm is to become and in what domains that diversification will occur?

The most important dimension along which alliances can be differentiated is the _____ of the alliance.

Which of the following statements about a firm's mission statement is false?

Which of the following is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together, and that breaks the firm's activities into primary activities and support activities?

The principal means by which a firm changes its portfolio of businesses is through alliances.

Strategy is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals.

In terms of the factors motivating a firm entering into an M&A, which of the following is true?

The total package of products that complement each other is typically referred to as a product class.

What are the advantages of vertical integration?

A comparative advantage results from something that the firm does better than any of its competitors.

Mission statement is a simple statement of the basic purpose or reason for the business to exist and its activities.

Functional skills that a firm develops and which are the foundation on which a firm builds its strategy are:

Which of the following usually means that the firms will partner to produce and sell a given product or service?

Strategic planning:

Compare and contrast the three different levels of strategy.

Alliances that are intermediate in their formality are agreements that have more interaction between the parties, and less agreement between each party in the alliance is required.

Introduction to International Management

Culture and International Management

The Economic, Legal, and Political Environment

International Market Entry

Business- and Functional-Level Strategy

Motivation

Leadership

Decision Making

Influence and Negotiation

Evaluation and Control

Human Resources Management

The Structure of the International Firm

The Future of International Management

Filters

Exam 4: Strategy Fundamentals and Corporate Strategy

The three components of the strategy process include planning, implementation, and evaluation and control.

Which level of a firm's strategy establishes how diversified the firm is to become and in what domains that diversification will occur?

The most important dimension along which alliances can be differentiated is the _____ of the alliance.

Which of the following statements about a firm's mission statement is false?

Which of the following is a useful tool that conceptualizes how all the aspects of a firm's implementation of its strategy fit together, and that breaks the firm's activities into primary activities and support activities?

The principal means by which a firm changes its portfolio of businesses is through alliances.

Strategy is a coordinated set of actions that fulfills the firm's objectives, purposes, and goals.

In terms of the factors motivating a firm entering into an M&A, which of the following is true?

The total package of products that complement each other is typically referred to as a product class.

What are the advantages of vertical integration?

A comparative advantage results from something that the firm does better than any of its competitors.

Mission statement is a simple statement of the basic purpose or reason for the business to exist and its activities.

Functional skills that a firm develops and which are the foundation on which a firm builds its strategy are:

Which of the following usually means that the firms will partner to produce and sell a given product or service?

Strategic planning:

Compare and contrast the three different levels of strategy.

Alliances that are intermediate in their formality are agreements that have more interaction between the parties, and less agreement between each party in the alliance is required.

Introduction to International Management

Culture and International Management

The Economic, Legal, and Political Environment

International Market Entry

Business- and Functional-Level Strategy

Motivation

Leadership

Decision Making

Influence and Negotiation

Evaluation and Control

Human Resources Management

The Structure of the International Firm

The Future of International Management

Filters