Question 1

Rollups are not synonymous with traditional mergers and acquisitions.

Accepted Answer

A) True 
 B)False  True

Question 2

Amenities to attract highly skilled labor, scientists, or creative people is a common organizational requirement for which of Porter's generic competitive strategies?

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion 
A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion B

Question 3

The two general types of cooperative strategies are

Accepted Answer

A)  competitive and functional. 
B)  collusion and competitive. 
C)  strategic alliances and collusion. 
D)  strategic alliances and competitive. 
E)  competitive and collusive alliances. 
A)  competitive and functional. 
B)  collusion and competitive. 
C)  strategic alliances and collusion. 
D)  strategic alliances and competitive. 
E)  competitive and collusive alliances. C

Question 4

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

Accepted Answer

A)  performance 
B)  features 
C)  reliability 
D)  durability 
E)  aesthetics 
A)  performance 
B)  features 
C)  reliability 
D)  durability 
E)  aesthetics

Question 5

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

Accepted Answer

A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus 
A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus

Question 6

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

Accepted Answer

A)  explicit collusion. 
B)  a strategic alliance. 
C)  a mutual service consortium. 
D)  conscious parallelism. 
E)  partnering. 
A)  explicit collusion. 
B)  a strategic alliance. 
C)  a mutual service consortium. 
D)  conscious parallelism. 
E)  partnering.

Question 7

Jet airplane manufacturers often enter into strategic alliances to

Accepted Answer

A)  obtain new capabilities. 
B)  obtain access to specific markets. 
C)  reduce financial risk. 
D)  reduce political risk. 
E)  preserve autonomy. 
A)  obtain new capabilities. 
B)  obtain access to specific markets. 
C)  reduce financial risk. 
D)  reduce political risk. 
E)  preserve autonomy.

Question 8

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

Accepted Answer

A) True 
 B)False

Question 9

Tacit collusion

Accepted Answer

A)  involves direct communication among competing firms. 
B)  is most likely to be successful if there are many competitors. 
C)  is seen with conscious parallelism as practiced by GE and Westinghouse. 
D)  is not illegal. 
E)  is most effective when the industry does not have a firm that acts as a price leader. 
A)  involves direct communication among competing firms. 
B)  is most likely to be successful if there are many competitors. 
C)  is seen with conscious parallelism as practiced by GE and Westinghouse. 
D)  is not illegal. 
E)  is most effective when the industry does not have a firm that acts as a price leader.

Question 10

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

Accepted Answer

A)  Should we compete on the basis of lower cost? 
B)  Should we compete head-to-head with major competitors? 
C)  Should we differentiate our products or services on some basis other than cost? 
D)  Should we compete by garnering political support of influential leaders? 
E)  Should we compete in a niche market that we can satisfy which is superior to that of the competition? 
A)  Should we compete on the basis of lower cost? 
B)  Should we compete head-to-head with major competitors? 
C)  Should we differentiate our products or services on some basis other than cost? 
D)  Should we compete by garnering political support of influential leaders? 
E)  Should we compete in a niche market that we can satisfy which is superior to that of the competition?

Question 11

Explain the four combination strategies that may be generated from the TOWS Matrix.

Accepted Answer

The TOWS Matrix results in four combinat

Question 12

Porter recommends that a division with tight cost control, frequent detailed control reports, a well structured organization, and quantitatively based incentives is required for which of the following generic competitive strategies?

Accepted Answer

A)  focus 
B)  differentiation 
C)  cost leadership 
D)  focus differentiation 
E)  concentration 
A)  focus 
B)  differentiation 
C)  cost leadership 
D)  focus differentiation 
E)  concentration

Question 13

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

Accepted Answer

A)  low-cost differentiation. 
B)  cost leadership. 
C)  cost proximity. 
D)  basic differentiation. 
E)  price fixing. 
A)  low-cost differentiation. 
B)  cost leadership. 
C)  cost proximity. 
D)  basic differentiation. 
E)  price fixing.

Question 14

In a TOWS Matrix, ST Strategies

Accepted Answer

A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box." 
A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box."

Question 15

Intense supervision of labor, sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion 
A)  cost leadership 
B)  differentiation 
C)  cost leadership focus 
D)  differentiation focus 
E)  collusion

Question 16

The book Hypercompetition was written by

Accepted Answer

A)  Porter. 
B)  D'Aveni. 
C)  Mintzberg. 
D)  Maslow. 
E)  Drucker. 
A)  Porter. 
B)  D'Aveni. 
C)  Mintzberg. 
D)  Maslow. 
E)  Drucker.

Question 17

In a TOWS Matrix, SO Strategies

Accepted Answer

A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box." 
A)  are generated by thinking of ways in which a company or business unit could use its strengths to take advantage of opportunities. 
B)  attempt to take advantage of opportunities by overcoming weaknesses. 
C)  are basically defensive and primarily act to minimize weaknesses and avoid threats. 
D)  consider a company's or unit's strengths as a way to avoid threats. 
E)  are ways to get strategists to think "out of the box."

Question 18

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

Accepted Answer

A) True 
 B)False

Question 19

According to the text, unique market opportunities that are available for only a particular time are called

Accepted Answer

A)  situational occasions. 
B)  critical openings. 
C)  strategy implementation. 
D)  strategic windows. 
E)  trigger points. 
A)  situational occasions. 
B)  critical openings. 
C)  strategy implementation. 
D)  strategic windows. 
E)  trigger points.

Question 20

If it is to be successful, Porter advises that a division possess strong marketing abilities, product engineering, a creative flair, strong capability in basic research and a corporate reputation for quality or technological leadership, for which one of the following generic competitive strategies?

Accepted Answer

A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  vertical growth 
E)  concentration 
A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  vertical growth 
E)  concentration

Rollups are not synonymous with traditional mergers and acquisitions.

Amenities to attract highly skilled labor, scientists, or creative people is a common organizational requirement for which of Porter's generic competitive strategies?

The two general types of cooperative strategies are

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

Jet airplane manufacturers often enter into strategic alliances to

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

Tacit collusion

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

Explain the four combination strategies that may be generated from the TOWS Matrix.

Porter recommends that a division with tight cost control, frequent detailed control reports, a well structured organization, and quantitatively based incentives is required for which of the following generic competitive strategies?

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

In a TOWS Matrix, ST Strategies

Intense supervision of labor, sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?

The book Hypercompetition was written by

In a TOWS Matrix, SO Strategies

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

According to the text, unique market opportunities that are available for only a particular time are called

If it is to be successful, Porter advises that a division possess strong marketing abilities, product engineering, a creative flair, strong capability in basic research and a corporate reputation for quality or technological leadership, for which one of the following generic competitive strategies?

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

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 6: Strategy Formulation: Situation Analysis and Business Strategy

Rollups are not synonymous with traditional mergers and acquisitions.

Amenities to attract highly skilled labor, scientists, or creative people is a common organizational requirement for which of Porter's generic competitive strategies?

The two general types of cooperative strategies are

A car's cruise control, known as a "bell and whistle," is an example of which of the eight dimensions of quality?

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

Jet airplane manufacturers often enter into strategic alliances to

Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand.

Tacit collusion

Which of the following is NOT one of the questions that development of a competitive strategy should raise?

Explain the four combination strategies that may be generated from the TOWS Matrix.

Porter recommends that a division with tight cost control, frequent detailed control reports, a well structured organization, and quantitatively based incentives is required for which of the following generic competitive strategies?

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

In a TOWS Matrix, ST Strategies

Intense supervision of labor, sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?

The book Hypercompetition was written by

In a TOWS Matrix, SO Strategies

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

According to the text, unique market opportunities that are available for only a particular time are called

If it is to be successful, Porter advises that a division possess strong marketing abilities, product engineering, a creative flair, strong capability in basic research and a corporate reputation for quality or technological leadership, for which one of the following generic competitive strategies?

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

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