Question 1

Which of the following is not a motive for expanding internationally?

Accepted Answer

A)  new geographic revenue opportunities 
B)  avoiding environmental regulations 
C)  spreading risk 
D)  achieving location advantages 
A)  new geographic revenue opportunities 
B)  avoiding environmental regulations 
C)  spreading risk 
D)  achieving location advantages

Question 2

The passage of industries through the life cycle stages has become significantly faster for all industries in the past two or three decades.

Accepted Answer

A) True 
 B)False

Question 3

Fragmented industries behave much more like perfectly competitive markets than other types of industries and, therefore, there are few opportunities to earn superior profits.

Accepted Answer

A) True 
 B)False

Question 4

The success of a focused differentiation strategy in a consolidated industry in part depends upon the existence of mobility barriers.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not one of the stages in the organizational life cycle?

Accepted Answer

A)  conception 
B)  decline 
C)  commercialization 
D)  growth 
A)  conception 
B)  decline 
C)  commercialization 
D)  growth

Question 6

The challenges inherent in the commercialization stage of the organizational life cycle include

Accepted Answer

A)  consistent production or service delivery at a larger scale. 
B)  the development of administrative reporting and control systems. 
C)  hiring the right people to staff the growing business. 
D)  All of the above are challenges in the commercialization stage. 
A)  consistent production or service delivery at a larger scale. 
B)  the development of administrative reporting and control systems. 
C)  hiring the right people to staff the growing business. 
D)  All of the above are challenges in the commercialization stage.

Question 7

As an alternative to decline, the renewal of an entire industry depends solely on its ability to shift to complementary products or services.

Accepted Answer

A) True 
 B)False

Question 8

It can be seen in the opening vignette for the chapter that the introduction of MP3 players has caused a decline in the sales of CDs but has had few other effects.

Accepted Answer

A) True 
 B)False

Question 9

The dominant problems in the conception stage of the organizational life cycle include innovation efforts, strategy design, and

Accepted Answer

A)  raising capital. 
B)  identifying activities to outsource. 
C)  formalizing the organizational structure. 
D)  physically locating the business. 
A)  raising capital. 
B)  identifying activities to outsource. 
C)  formalizing the organizational structure. 
D)  physically locating the business.

Question 10

Do first movers always achieve a sustainable industry position? What are the sources of a first-mover advantage?

Accepted Answer

First movers do not always achieve a sus

Question 11

Value creation in the mature stage of the industry life cycle is largely focused internally on

Accepted Answer

A)  price reductions. 
B)  reorganization. 
C)  cost efficiency. 
D)  reducing employee turnover. 
A)  price reductions. 
B)  reorganization. 
C)  cost efficiency. 
D)  reducing employee turnover.

Question 12

The consolidation of an industry that occurs when many small competitors are combined into a larger company is called an industry roll-up.

Accepted Answer

A) True 
 B)False

Question 13

As an alternative to decline an industry may be able renew itself. This can be accomplished by

Accepted Answer

A)  reconfiguring the industry value chain. 
B)  acquiring the firms producing the products or services that have caused the industry's decline and closing them. 
C)  continuing to market the benefits of the industry's existing products so that interest in them is refreshed. 
D)  lowering the barriers to entry, thereby causing firms with new ideas to enter the industry. 
A)  reconfiguring the industry value chain. 
B)  acquiring the firms producing the products or services that have caused the industry's decline and closing them. 
C)  continuing to market the benefits of the industry's existing products so that interest in them is refreshed. 
D)  lowering the barriers to entry, thereby causing firms with new ideas to enter the industry.

Which of the following is not a motive for expanding internationally?

The passage of industries through the life cycle stages has become significantly faster for all industries in the past two or three decades.

Fragmented industries behave much more like perfectly competitive markets than other types of industries and, therefore, there are few opportunities to earn superior profits.

The success of a focused differentiation strategy in a consolidated industry in part depends upon the existence of mobility barriers.

Which of the following is not one of the stages in the organizational life cycle?

The challenges inherent in the commercialization stage of the organizational life cycle include

As an alternative to decline, the renewal of an entire industry depends solely on its ability to shift to complementary products or services.

It can be seen in the opening vignette for the chapter that the introduction of MP3 players has caused a decline in the sales of CDs but has had few other effects.

The dominant problems in the conception stage of the organizational life cycle include innovation efforts, strategy design, and

Do first movers always achieve a sustainable industry position? What are the sources of a first-mover advantage?

Value creation in the mature stage of the industry life cycle is largely focused internally on

The consolidation of an industry that occurs when many small competitors are combined into a larger company is called an industry roll-up.

As an alternative to decline an industry may be able renew itself. This can be accomplished by

The Need for Strategy

Strategy and Performance

Strategic Direction: Vision and Mission

Industry and Competitive Analysis

Value Chain Analysis

Resource-Based Competitive Advantage

Business-Level Strategy

Competitive Dynamics

Corporate Strategy

Strategy and Structure

Strategy Implementation: Control and Performance

Filters

Exam 8: Strategy Issues in Industries and Life Cycle Stages

Which of the following is not a motive for expanding internationally?

The passage of industries through the life cycle stages has become significantly faster for all industries in the past two or three decades.

Fragmented industries behave much more like perfectly competitive markets than other types of industries and, therefore, there are few opportunities to earn superior profits.

The success of a focused differentiation strategy in a consolidated industry in part depends upon the existence of mobility barriers.

Which of the following is not one of the stages in the organizational life cycle?

The challenges inherent in the commercialization stage of the organizational life cycle include

As an alternative to decline, the renewal of an entire industry depends solely on its ability to shift to complementary products or services.

It can be seen in the opening vignette for the chapter that the introduction of MP3 players has caused a decline in the sales of CDs but has had few other effects.

The dominant problems in the conception stage of the organizational life cycle include innovation efforts, strategy design, and

Do first movers always achieve a sustainable industry position? What are the sources of a first-mover advantage?

Value creation in the mature stage of the industry life cycle is largely focused internally on

The consolidation of an industry that occurs when many small competitors are combined into a larger company is called an industry roll-up.

As an alternative to decline an industry may be able renew itself. This can be accomplished by

The Need for Strategy

Strategy and Performance

Strategic Direction: Vision and Mission

Industry and Competitive Analysis

Value Chain Analysis

Resource-Based Competitive Advantage

Business-Level Strategy

Competitive Dynamics

Corporate Strategy

Strategy and Structure

Strategy Implementation: Control and Performance

Filters