Question 1

Define a value chain and the significance of the center of gravity.

Accepted Answer

A value chain is a linked set of value-creating activities beginning with basic raw materials coming from suppliers, moving on to a series of value-added activities involved in producing and marketing a product or service, and ending with distributors getting the final goods into the hands of the ultimate consumer. A company's center of gravity is the part of the chain that is most important to the company and the point where its greatest expertise and capabilities lie - its core competencies. This is usually the point at which the company started.

Question 2

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

Accepted Answer

A) True 
 B)False  True

Question 3

The term that describes putting once isolated specialists together to work and compare notes in a collective product design effort is called

Accepted Answer

A)  simultaneous strategy. 
B)  participatory planning. 
C)  jointly designed objectives. 
D)  concurrent engineering. 
E)  cooperative design. 
A)  simultaneous strategy. 
B)  participatory planning. 
C)  jointly designed objectives. 
D)  concurrent engineering. 
E)  cooperative design. D

Question 4

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

Accepted Answer

A) True 
 B)False

Question 5

General Electric is well known for its distinctive competency in management development.

Accepted Answer

A) True 
 B)False

Question 6

The concept that suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles is referred to as

Accepted Answer

A)  the experience curve. 
B)  the R&D mix. 
C)  technological competence. 
D)  economy of scale. 
E)  economy of scope. 
A)  the experience curve. 
B)  the R&D mix. 
C)  technological competence. 
D)  economy of scale. 
E)  economy of scope.

Question 7

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

Accepted Answer

A) True 
 B)False

Question 8

Core competencies may mature and become core deficiencies.

Accepted Answer

A) True 
 B)False

Question 9

Research indicates that greater financial leverage has a positive impact on performance for firms in stable environments.

Accepted Answer

A) True 
 B)False

Question 10

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

Accepted Answer

A) True 
 B)False

Question 11

The displacement of one technology by another, as shown by two S-shaped curves on a graph, is referred to as

Accepted Answer

A)  economies of scope versus operating leverage. 
B)  technology transfer. 
C)  the R&D mix. 
D)  technological discontinuity. 
E)  a disjunctive learning or experience curve. 
A)  economies of scope versus operating leverage. 
B)  technology transfer. 
C)  the R&D mix. 
D)  technological discontinuity. 
E)  a disjunctive learning or experience curve.

Question 12

A company's center of gravity is usually the point at which the company started.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following terms best describes a system in which items are normally processed sequentially, but the work and sequence of the process vary?

Accepted Answer

A)  continuous system 
B)  debt capacity 
C)  chronological processing 
D)  operating leverage 
E)  intermittent system 
A)  continuous system 
B)  debt capacity 
C)  chronological processing 
D)  operating leverage 
E)  intermittent system

Question 14

Knowledge that can be easily articulated and communicated is known as

Accepted Answer

A)  tacit knowledge. 
B)  explicit knowledge. 
C)  imitable knowledge. 
D)  transferable knowledge. 
E)  durable knowledge. 
A)  tacit knowledge. 
B)  explicit knowledge. 
C)  imitable knowledge. 
D)  transferable knowledge. 
E)  durable knowledge.

Question 15

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle, whereas product R&D becomes especially important in the later stages.

Accepted Answer

A) True 
 B)False

Question 16

What is corporate culture and what are the two distinct attributes of culture?

Accepted Answer

Corporate culture is the collection of b

Question 17

Which one of the following is NOT descriptive of the experience/learning curve?

Accepted Answer

A)  It is very useful because it is consistent for all organizations within a particular industry. 
B)  It is used to estimate the production cost of a product produced by newly introduced techniques or processes. 
C)  The experience curve varies by industry and is based on many variables. 
D)  The concept was first applied in the airframe industry. 
E)  It shows that production costs decline by some fixed percentage as production in units doubles. 
A)  It is very useful because it is consistent for all organizations within a particular industry. 
B)  It is used to estimate the production cost of a product produced by newly introduced techniques or processes. 
C)  The experience curve varies by industry and is based on many variables. 
D)  The concept was first applied in the airframe industry. 
E)  It shows that production costs decline by some fixed percentage as production in units doubles.

Question 18

Discuss the three basic organizational structures.

Accepted Answer

The three basic organizational structure

Question 19

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

Accepted Answer

A)  value chain. 
B)  continuum of sustainability. 
C)  strategic capability. 
D)  fully integrated activity set. 
E)  strategic group. 
A)  value chain. 
B)  continuum of sustainability. 
C)  strategic capability. 
D)  fully integrated activity set. 
E)  strategic group.

Question 20

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Accepted Answer

A) True 
 B)False

Define a value chain and the significance of the center of gravity.

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

The term that describes putting once isolated specialists together to work and compare notes in a collective product design effort is called

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

General Electric is well known for its distinctive competency in management development.

The concept that suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles is referred to as

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

Core competencies may mature and become core deficiencies.

Research indicates that greater financial leverage has a positive impact on performance for firms in stable environments.

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

The displacement of one technology by another, as shown by two S-shaped curves on a graph, is referred to as

A company's center of gravity is usually the point at which the company started.

Which of the following terms best describes a system in which items are normally processed sequentially, but the work and sequence of the process vary?

Knowledge that can be easily articulated and communicated is known as

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle, whereas product R&D becomes especially important in the later stages.

What is corporate culture and what are the two distinct attributes of culture?

Which one of the following is NOT descriptive of the experience/learning curve?

Discuss the three basic organizational structures.

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 5: Internal Scanning and Organizational Analysis

Define a value chain and the significance of the center of gravity.

To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.

The term that describes putting once isolated specialists together to work and compare notes in a collective product design effort is called

A divisional structure has no functional or product categories and is appropriate for a small, entrepreneur-dominated company with one or two product lines that operates in a reasonably small, easily identifiable market niche.

General Electric is well known for its distinctive competency in management development.

The concept that suggests that unit production costs decline by some fixed percent each time the total accumulated volume of production in units doubles is referred to as

Tacit knowledge is harder than explicit knowledge for competitors to imitate.

Core competencies may mature and become core deficiencies.

Research indicates that greater financial leverage has a positive impact on performance for firms in stable environments.

A company's center of gravity is the part of the value chain that is most important to the company and the point where its greatest expertise and core competencies lie.

The displacement of one technology by another, as shown by two S-shaped curves on a graph, is referred to as

A company's center of gravity is usually the point at which the company started.

Which of the following terms best describes a system in which items are normally processed sequentially, but the work and sequence of the process vary?

Knowledge that can be easily articulated and communicated is known as

It is generally accepted that process R&D normally dominates the early stages of a product's life cycle, whereas product R&D becomes especially important in the later stages.

What is corporate culture and what are the two distinct attributes of culture?

Which one of the following is NOT descriptive of the experience/learning curve?

Discuss the three basic organizational structures.

A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a

The EFAS Table is one way to organize the internal factors into generally accepted categories of strengths and weaknesses as well as to analyze how well a particular company's management is responding to these specific factors in light of the perceived importance of these factors to the company.

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters