Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages
Exam 1: Strategic Management: Creating Competitive Advantages106 Questions
Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages114 Questions
Exam 3: Assessing the Internal Environment of the Firm109 Questions
Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources112 Questions
Exam 5: Business-Level Strategy: Creating and Sustaining Competitive Advantages105 Questions
Exam 6: Corporate-Level Strategy: Creating Value Through Diversification102 Questions
Exam 7: International Strategy: Creating Value in Global Markets107 Questions
Exam 8: Entrepreneurial Strategy and Competitive Dynamics94 Questions
Exam 9: Strategic Control and Corporate Governance91 Questions
Exam 10: Creating Effective Organizational Designs86 Questions
Exam 11: Strategic Leadership: Creating a Learning Organization and an Ethical Organization104 Questions
Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship93 Questions
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Scenario planning is a useful technique for firms competing in industries characterized by ________ and ________.
(Multiple Choice)
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Which one of the following statements is an example of how to improve perceptual acuity?
(Multiple Choice)
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Environmental scanning and competitor intelligence provide important inputs for forecasting activities.
(True/False)
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Reintermediation is responsible for an overall reduction in business opportunities.
(True/False)
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Environmental analysis requires continual questioning of all these assumptions except
(Multiple Choice)
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SWOT analysis is a framework for analyzing the internal and external environment of a company.It consists of strengths,weaknesses,opportunities,and threats.According to a SWOT analysis,which of the following is not an aspect that the strategy of the firm must follow?
(Multiple Choice)
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Competitive Intelligence (CI)is a tool that can provide management with early warnings about both threats and opportunities.
(True/False)
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How do infomediaries and consumer information websites increase the intensity of competitive rivalry?
(Multiple Choice)
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Two of the key inputs to developing forecasts discussed in the text are
(Multiple Choice)
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Classifying an industry into strategic groups involves judgment.If it is useful as an analytical tool,we must exercise caution in deciding what dimensions to use to map these firms.Dimensions include all of the following except
(Multiple Choice)
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Perceptual acuity,according to Ram Charan,is the ability to know for certain what will happen in the future.
(True/False)
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Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups,which strategic group is the smallest in terms of breadth of product line?
(Multiple Choice)
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Which of the following is not a correct usage of the SWOT framework?
(Multiple Choice)
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In 1977,Kenneth H.Olsen,then president of Digital Equipment Corp. ,announced that there was no reason for individuals to have a computer in their home.Long since disproven,this is an example of
(Multiple Choice)
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Which of the following would be considered part of the general environment of a firm?
(Multiple Choice)
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Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.
(True/False)
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The Internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions.
(True/False)
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