Exam 5: Developing Mission, Vision, and Values

____________ exists when the interaction of two or more active activities, such as those in a business, create a combined effect greater than the sum of their individual effects.

(Short Answer)

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Question 41

______________ markets are the industries that consume the industry outputs.

(Short Answer)

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Question 42

Two or more firms competing for differentiation may engage in price wars that drive profits to very low levels.

(True/False)

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Question 43

What is the strategic management process?

(Essay)

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Question 44

Why would you consider the Nike brand as a valuable intangible asset?

(Essay)

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Question 45

What are the facets of the strategy diamond?

(Essay)

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Question 46

Goals and objectives are the indicators of how well the ______________ is succeeding.

(Short Answer)

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Question 47

Where the value chain might suggest internal areas of strength, __________ helps predict whether those strengths will give it a competitive advantage. Short

(Short Answer)

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Question 48

The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:

(Multiple Choice)

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Question 49

_____________________ answers strategy questions related to "what business or businesses should we be in?"

(Short Answer)

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Question 50

The ________________ consists of stakeholder groups that a firm has regular dealings with which can affect the costs, quality, and overall success of a business.

(Short Answer)

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Question 51

A firm that possesses a valuable and rare resource will not gain a competitive advantage unless it can actually put that resource to effective use.

(True/False)

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Question 52

An assessment of strengths and weaknesses occurs as a part of organizational analysis.

(True/False)

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Question 53

One approach to focusing is to service either industrial buyers or consumers, but not both.

(True/False)

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Question 54

Not all organizations need strategies to survive and thrive.

(True/False)

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Question 55

________________ stands for strengths, weaknesses, opportunities, and threats.

(Short Answer)

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Question 56

______________ is essentially about understanding choices organizations make in order to achieve specific goals and objectives to fulfill a firm's mission and vision.

(Short Answer)

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Question 57

______________ assess factors external to the business that could enable a business to exist and/or prosper.

(Short Answer)

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Question 58

Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors.

(True/False)

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Question 59

Why is a firm that possesses valuable resources that are not rare not in a position of advantage relative to competitors?

(Essay)

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Question 60

Showing 41 - 60 of 137

____________ exists when the interaction of two or more active activities, such as those in a business, create a combined effect greater than the sum of their individual effects.

______________ markets are the industries that consume the industry outputs.

Two or more firms competing for differentiation may engage in price wars that drive profits to very low levels.

What is the strategic management process?

Why would you consider the Nike brand as a valuable intangible asset?

What are the facets of the strategy diamond?

Goals and objectives are the indicators of how well the ______________ is succeeding.

Where the value chain might suggest internal areas of strength, __________ helps predict whether those strengths will give it a competitive advantage. Short

The industry characteristics that make it very difficult for firms to achieve strategic competitiveness and earn above-average returns includes all of the following EXCEPT:

_____________________ answers strategy questions related to "what business or businesses should we be in?"

The ________________ consists of stakeholder groups that a firm has regular dealings with which can affect the costs, quality, and overall success of a business.

A firm that possesses a valuable and rare resource will not gain a competitive advantage unless it can actually put that resource to effective use.

An assessment of strengths and weaknesses occurs as a part of organizational analysis.

One approach to focusing is to service either industrial buyers or consumers, but not both.

Not all organizations need strategies to survive and thrive.

________________ stands for strengths, weaknesses, opportunities, and threats.

______________ is essentially about understanding choices organizations make in order to achieve specific goals and objectives to fulfill a firm's mission and vision.

______________ assess factors external to the business that could enable a business to exist and/or prosper.

Cost leaders must maintain their marketing or face the possible entry of more cost-effective competitors.

Why is a firm that possesses valuable resources that are not rare not in a position of advantage relative to competitors?

Introduction to Principles of Management

History, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Motivating Employees

Strategic Management

Leading People and Organizations

Organizational Culture

Organizational Structure and Change

Decision Making

Communication in Organizations

Managing Groups and Teams

The Essentials of Control

Goals and Objectives

Strategic Human Resource Management

Filters