Question 1

The higher the ____ the more likely firms are to cut prices and in turn their profits.

Accepted Answer

A)  New entrants 
B)  Substitutes 
C)  Rivalry 
D)  Suppliers 
E)  Buyers 
A)  New entrants 
B)  Substitutes 
C)  Rivalry 
D)  Suppliers 
E)  Buyers C

Question 2

Strategy can be defined as:

Accepted Answer

A)  Process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate 
B)  The critical tools, methods, and systems employed in the creation of goods or in providing services 
C)  A coordinated set of actions that fulfill the firm's objectives, purposes, and goals 
D)  The systematic gathering of information that leads to the generation of feasible alternatives for the firm 
E)  An industrial integration view of the firm based on industrial organization economics 
A)  Process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate 
B)  The critical tools, methods, and systems employed in the creation of goods or in providing services 
C)  A coordinated set of actions that fulfill the firm's objectives, purposes, and goals 
D)  The systematic gathering of information that leads to the generation of feasible alternatives for the firm 
E)  An industrial integration view of the firm based on industrial organization economics C

Question 3

When a firm uses technology in a(n) ____ manner it employs a technology in a manner not being used by competitors.

Accepted Answer

A)  Reactive 
B)  Preemptive 
C)  Offensive 
D)  Protective 
E)  Defensive 
A)  Reactive 
B)  Preemptive 
C)  Offensive 
D)  Protective 
E)  Defensive C

Question 4

Rivalry increases when:

Accepted Answer

A)  The number of competitors increases 
B)  Demand for product is slowing 
C)  Switching costs are high 
D)  Exit barriers are high 
E)  Strategic payoff is high 
A)  The number of competitors increases 
B)  Demand for product is slowing 
C)  Switching costs are high 
D)  Exit barriers are high 
E)  Strategic payoff is high

Question 5

Corporate strategy establishes:

Accepted Answer

A)  How domains such as marketing will operate to achieve strategic goals 
B)  How individual businesses will operate 
C)  What industries and businesses the firm will compete 
D)  How individuals will progress through the corporation 
E)  The defensive use of technology in the firm 
A)  How domains such as marketing will operate to achieve strategic goals 
B)  How individual businesses will operate 
C)  What industries and businesses the firm will compete 
D)  How individuals will progress through the corporation 
E)  The defensive use of technology in the firm

Question 6

Substitutes form:

Accepted Answer

A)  Price floor 
B)  Price ceiling 
C)  Industry competitors 
D)  A group of products that do exactly the same function 
E)  Troubling issues for most industries 
A)  Price floor 
B)  Price ceiling 
C)  Industry competitors 
D)  A group of products that do exactly the same function 
E)  Troubling issues for most industries

Question 7

The domains that firms need to ensure are consistent with their strategy include all of the following except:

Accepted Answer

A)  Structure 
B)  Employee hiring and relations 
C)  Decision making 
D)  Incentives 
E)  Industry structure 
A)  Structure 
B)  Employee hiring and relations 
C)  Decision making 
D)  Incentives 
E)  Industry structure

Question 8

Strategic Planning is a single act that occurs over a given time period which lays out the direction of the firm.

Accepted Answer

A) True 
 B)False

Question 9

The Strategy Process entails: Planning, Forming, Controlling.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is the overall set of direction and set of actions that are to be pursued different disciplines within the firm?

Accepted Answer

A)  Business strategy 
B)  Functional strategy 
C)  Strategic plan 
D)  Corporate strategy 
E)  Defensive strategy 
A)  Business strategy 
B)  Functional strategy 
C)  Strategic plan 
D)  Corporate strategy 
E)  Defensive strategy

Question 11

Capabilities are typically classified as either ____ or ____.

Accepted Answer

A)  technical - implementation 
B)  market - formulation 
C)  implementation - critical 
D)  technical -market 
E)  implementation- formulation 
A)  technical - implementation 
B)  market - formulation 
C)  implementation - critical 
D)  technical -market 
E)  implementation- formulation

Question 12

Porters Five Forces Analysis is a firm-level analysis model.

Accepted Answer

A) True 
 B)False

Question 13

The threat of new entrants is high when all of the following are present except:

Accepted Answer

A)  There is strong brand loyalty in the industry 
B)  There are large economies of scale 
C)  Distribution channels are hard to access 
D)  Incumbent firms are not aggressive in their response 
E)  Capital requirements are high 
A)  There is strong brand loyalty in the industry 
B)  There are large economies of scale 
C)  Distribution channels are hard to access 
D)  Incumbent firms are not aggressive in their response 
E)  Capital requirements are high

Question 14

Define strategy and strategic planning and differentiate the two concepts.

Accepted Answer

. Strategy is a coordinated set of actio

Question 15

Each of the following are stages in the technology life cycle according to the S-curve except:

Accepted Answer

A)  embryonic 
B)  growth 
C)  maturity 
D)  aging 
E)  death 
A)  embryonic 
B)  growth 
C)  maturity 
D)  aging 
E)  death

Question 16

Sotheby's used technology in a(n) ____ manner by signing an agreement with EBay to gain a competitive advantage over Christie's.

Accepted Answer

A)  Offensive 
B)  Aggressive 
C)  Defensive 
D)  Reactionary 
E)  Competitive 
A)  Offensive 
B)  Aggressive 
C)  Defensive 
D)  Reactionary 
E)  Competitive

Question 17

____ is the gathering of information that leads to the generation of feasible alternatives for the firm.

Accepted Answer

A)  Planning 
B)  Implementation 
C)  Evaluation 
D)  Control 
E)  Analysis 
A)  Planning 
B)  Implementation 
C)  Evaluation 
D)  Control 
E)  Analysis

Question 18

Firms must constantly seek to actively manage and improve their technological potential.

Accepted Answer

A) True 
 B)False

Question 19

Economies of scale lowers ability to enter and power of new entrants.

Accepted Answer

A) True 
 B)False

Question 20

Substitutes form the price floor for a product.

Accepted Answer

A) True 
 B)False

The higher the ____ the more likely firms are to cut prices and in turn their profits.

Strategy can be defined as:

When a firm uses technology in a(n) ____ manner it employs a technology in a manner not being used by competitors.

Rivalry increases when:

Corporate strategy establishes:

Substitutes form:

The domains that firms need to ensure are consistent with their strategy include all of the following except:

Strategic Planning is a single act that occurs over a given time period which lays out the direction of the firm.

The Strategy Process entails: Planning, Forming, Controlling.

Which of the following is the overall set of direction and set of actions that are to be pursued different disciplines within the firm?

Capabilities are typically classified as either or .

Porters Five Forces Analysis is a firm-level analysis model.

The threat of new entrants is high when all of the following are present except:

Define strategy and strategic planning and differentiate the two concepts.

Each of the following are stages in the technology life cycle according to the S-curve except:

Sotheby's used technology in a(n) ____ manner by signing an agreement with EBay to gain a competitive advantage over Christie's.

____ is the gathering of information that leads to the generation of feasible alternatives for the firm.

Firms must constantly seek to actively manage and improve their technological potential.

Economies of scale lowers ability to enter and power of new entrants.

Substitutes form the price floor for a product.

Management of Technology and Innovation: an Overview

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Building Capabilities for Mti Success

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

Filters

Exam 2: Strategy Process and the Management of Technology and Innovation

The higher the ____ the more likely firms are to cut prices and in turn their profits.

Strategy can be defined as:

When a firm uses technology in a(n) ____ manner it employs a technology in a manner not being used by competitors.

Rivalry increases when:

Corporate strategy establishes:

Substitutes form:

The domains that firms need to ensure are consistent with their strategy include all of the following except:

Strategic Planning is a single act that occurs over a given time period which lays out the direction of the firm.

The Strategy Process entails: Planning, Forming, Controlling.

Which of the following is the overall set of direction and set of actions that are to be pursued different disciplines within the firm?

Capabilities are typically classified as either ____ or ____.

Porters Five Forces Analysis is a firm-level analysis model.

The threat of new entrants is high when all of the following are present except:

Define strategy and strategic planning and differentiate the two concepts.

Each of the following are stages in the technology life cycle according to the S-curve except:

Sotheby's used technology in a(n) ____ manner by signing an agreement with EBay to gain a competitive advantage over Christie's.

____ is the gathering of information that leads to the generation of feasible alternatives for the firm.

Firms must constantly seek to actively manage and improve their technological potential.

Economies of scale lowers ability to enter and power of new entrants.

Substitutes form the price floor for a product.

Management of Technology and Innovation: an Overview

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Building Capabilities for Mti Success

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

Filters

Capabilities are typically classified as either or .