Question 1

The first company to manufacture and sell a new product or service is called a(n)

Accepted Answer

A) opportunist. 
B) first mover. 
C) cost leader. 
D) power broker. 
E) ground breaker. 
A) opportunist. 
B) first mover. 
C) cost leader. 
D) power broker. 
E) ground breaker.

Question 2

Which of the following is NOT an advantage of being a first mover?

Accepted Answer

A) The company is able to establish a reputation as an industry leader. 
B) The company is able to move down the learning curve to assume the cost leader position. 
C) A first mover can set the standard for all subsequent products in the industry. 
D) Being first provides a company profit advantages for about ten years in consumer goods and about twelve years in industrial goods. 
E) First movers may be able to keep R & D costs low by imitating the technological advances of others. 
A) The company is able to establish a reputation as an industry leader. 
B) The company is able to move down the learning curve to assume the cost leader position. 
C) A first mover can set the standard for all subsequent products in the industry. 
D) Being first provides a company profit advantages for about ten years in consumer goods and about twelve years in industrial goods. 
E) First movers may be able to keep R & D costs low by imitating the technological advances of others.

Question 3

Niches do not change over time.

Accepted Answer

A) True 
 B)False

Question 4

Which offensive tactic utilizes a head-to-head approach with the firm's competitor by matching every category of competition from price to promotion to distribution channel?

Accepted Answer

A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare 
A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare

Question 5

Which offensive tactic proposes an indirect approach against the established competitor such as changing the rules of the game?

Accepted Answer

A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare 
A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare

Question 6

Which of the following is NOT considered a strategic alliance success factor?

Accepted Answer

A) Have a clear strategic purpose. 
B) Operate with short term time horizon. 
C) Agree on an exit strategy for when the partners' objectives are achieved. 
D) Minimize conflicts among the partners by clarifying the objectives. 
E) Identify likely partnering risks and deal with them when the alliance is formed. 
A) Have a clear strategic purpose. 
B) Operate with short term time horizon. 
C) Agree on an exit strategy for when the partners' objectives are achieved. 
D) Minimize conflicts among the partners by clarifying the objectives. 
E) Identify likely partnering risks and deal with them when the alliance is formed.

Question 7

The T in SWOT represents

Accepted Answer

A) tactic. 
B) threat. 
C) tautology. 
D) temporal. 
E) time. 
A) tactic. 
B) threat. 
C) tautology. 
D) temporal. 
E) time.

Question 8

The particular capabilities and resources a firm possesses and the superior way in which they are used is called

Accepted Answer

A) distinctive competencies. 
B) differentiating capabilities. 
C) situational proficiency. 
D) core competencies. 
E) distinctive characteristics. 
A) distinctive competencies. 
B) differentiating capabilities. 
C) situational proficiency. 
D) core competencies. 
E) distinctive characteristics.

Question 9

Most entrepreneurial ventures follow

Accepted Answer

A) differentiation strategies. 
B) focus strategies. 
C) no strategies. 
D) cost leadership strategies. 
E) all of the above 
A) differentiation strategies. 
B) focus strategies. 
C) no strategies. 
D) cost leadership strategies. 
E) all of the above

Question 10

Oracle is using encirclement in attacking SAP in ERP software by surrounding SAP with acquisitions.

Accepted Answer

A) True 
 B)False

Question 11

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

Accepted Answer

A) True 
 B)False

Question 12

Based on the eight dimensions of quality discussed in the text, reliability is defined as the product's ease of repair.

Accepted Answer

A) True 
 B)False

Question 13

One company that has successfully found a propitious niche is

Accepted Answer

A) Coca-Cola. 
B) PepsiCo. 
C) Wal-Mart. 
D) Frank J. Zamboni & Company. 
E) Disney. 
A) Coca-Cola. 
B) PepsiCo. 
C) Wal-Mart. 
D) Frank J. Zamboni & Company. 
E) Disney.

Question 14

The first firm through a strategic window can occupy a propitious niche and discourage competition (if the firm has the required internal strengths).

Accepted Answer

A) True 
 B)False

Question 15

SO strategies attempt to take advantage of opportunities by overcoming weaknesses.

Accepted Answer

A) True 
 B)False

Question 16

Which offensive tactic advocates attacking a part of the market where the competitor is weak?

Accepted Answer

A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare 
A) flanking maneuver 
B) bypass attack 
C) encirclement 
D) frontal assault 
E) guerilla warfare

Question 17

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

Question 18

A value chain partnership is a loose alliance with several distributors for the short-term.

Accepted Answer

A) True 
 B)False

Question 19

According to Porter, strategies to raise structural barriers include all of the following EXCEPT

Accepted Answer

A) tie up suppliers by obtaining exclusive contracts. 
B) avoid suppliers that also serve competitors. 
C) decrease scale economies. 
D) block channel access by signing exclusive agreements. 
E) raise buyer switching costs by offering training to users. 
A) tie up suppliers by obtaining exclusive contracts. 
B) avoid suppliers that also serve competitors. 
C) decrease scale economies. 
D) block channel access by signing exclusive agreements. 
E) raise buyer switching costs by offering training to users.

Question 20

What are the two generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

Accepted Answer

A) competitive scope and differentiation 
B) diversification and concentration 
C) lower cost and competitive scope 
D) concentration and lower cost 
E) lower cost and differentiation 
A) competitive scope and differentiation 
B) diversification and concentration 
C) lower cost and competitive scope 
D) concentration and lower cost 
E) lower cost and differentiation

The first company to manufacture and sell a new product or service is called a(n)

Which of the following is NOT an advantage of being a first mover?

Niches do not change over time.

Which offensive tactic utilizes a head-to-head approach with the firm's competitor by matching every category of competition from price to promotion to distribution channel?

Which offensive tactic proposes an indirect approach against the established competitor such as changing the rules of the game?

Which of the following is NOT considered a strategic alliance success factor?

The T in SWOT represents

The particular capabilities and resources a firm possesses and the superior way in which they are used is called

Most entrepreneurial ventures follow

Oracle is using encirclement in attacking SAP in ERP software by surrounding SAP with acquisitions.

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

Based on the eight dimensions of quality discussed in the text, reliability is defined as the product's ease of repair.

One company that has successfully found a propitious niche is

The first firm through a strategic window can occupy a propitious niche and discourage competition (if the firm has the required internal strengths).

SO strategies attempt to take advantage of opportunities by overcoming weaknesses.

Which offensive tactic advocates attacking a part of the market where the competitor is weak?

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?

A value chain partnership is a loose alliance with several distributors for the short-term.

According to Porter, strategies to raise structural barriers include all of the following EXCEPT

What are the two generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

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

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Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

The first company to manufacture and sell a new product or service is called a(n)

Which of the following is NOT an advantage of being a first mover?

Niches do not change over time.

Which offensive tactic utilizes a head-to-head approach with the firm's competitor by matching every category of competition from price to promotion to distribution channel?

Which offensive tactic proposes an indirect approach against the established competitor such as changing the rules of the game?

Which of the following is NOT considered a strategic alliance success factor?

The T in SWOT represents

The particular capabilities and resources a firm possesses and the superior way in which they are used is called

Most entrepreneurial ventures follow

Oracle is using encirclement in attacking SAP in ERP software by surrounding SAP with acquisitions.

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

Based on the eight dimensions of quality discussed in the text, reliability is defined as the product's ease of repair.

One company that has successfully found a propitious niche is

The first firm through a strategic window can occupy a propitious niche and discourage competition (if the firm has the required internal strengths).

SO strategies attempt to take advantage of opportunities by overcoming weaknesses.

Which offensive tactic advocates attacking a part of the market where the competitor is weak?

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?

A value chain partnership is a loose alliance with several distributors for the short-term.

According to Porter, strategies to raise structural barriers include all of the following EXCEPT

What are the two generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

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