Question 1

Firms that were successful in the past can fail today because

Accepted Answer

A) they keep pace with changes in the nature of competition. 
B) the company strategy is outdated. 
C) their financial situation is resilient. 
D) management monitors the relevant environmental factors regularly. 
A) they keep pace with changes in the nature of competition. 
B) the company strategy is outdated. 
C) their financial situation is resilient. 
D) management monitors the relevant environmental factors regularly.

Question 2

The strategic groups concept is valuable for assessing the implications of industry ________ for the strategic group as a whole.

Accepted Answer

A) trends 
B) positions 
C) experience 
D) wealth 
A) trends 
B) positions 
C) experience 
D) wealth

Question 3

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan.

Accepted Answer

A) True 
 B)False

Question 4

New communication technology can impact seemingly unrelated industries such as the airline industry.This would be an example of a

Accepted Answer

A) threat of entry. 
B) backward integration. 
C) threat of substitute products. 
D) forward integration. 
A) threat of entry. 
B) backward integration. 
C) threat of substitute products. 
D) forward integration.

Question 5

The strategic groups concept is valuable for identifying groups with ________ competitive positions.

Accepted Answer

A) marginal 
B) exceptional 
C) healthy 
D) poor 
A) marginal 
B) exceptional 
C) healthy 
D) poor

Question 6

SWOT analysis raises awareness about the role of strategy in creating a match between the environmental conditions and ________ of the firm.

Accepted Answer

A) internal opportunities and threats 
B) internal strengths and weaknesses 
C) internal strengths and opportunities 
D) internal weaknesses and opportunities 
A) internal opportunities and threats 
B) internal strengths and weaknesses 
C) internal strengths and opportunities 
D) internal weaknesses and opportunities

Question 7

Research published in Personnel Psychology shows that older workers are slightly more willing to implement organizational changes than younger workers.This is an example of which segment of the general environment?

Accepted Answer

A) economic 
B) demographic 
C) sociocultural 
D) political and legal 
A) economic 
B) demographic 
C) sociocultural 
D) political and legal

Question 8

Which of the following is not an input process to develop forecasts?

Accepted Answer

A) environmental scanning 
B) competitor intelligence 
C) stakeholder management 
D) environmental monitoring 
A) environmental scanning 
B) competitor intelligence 
C) stakeholder management 
D) environmental monitoring

Question 9

PPG Industries,the Pittsburgh-based manufacturer of paints,coatings,optical products,specialty materials,chemicals,glass,and fiber glass suffered serious failures in 1986 and 1987 when it attempted to diversify its offers.It used a technique to help it identify possible future strategies.What was it?

Accepted Answer

A) crowdsourcing 
B) competitive intelligence 
C) scenario analysis 
D) monitoring 
A) crowdsourcing 
B) competitive intelligence 
C) scenario analysis 
D) monitoring

Question 10

The strategic groups concept is valuable for charting the ________ directions of firm strategies.

Accepted Answer

A) historical 
B) past 
C) present 
D) future 
A) historical 
B) past 
C) present 
D) future

Question 11

Use the Quora website (www.quora.com)to study the African country of Ethiopia.According to the general environment factors listed in the textbook (demographic,sociocultural,political/legal,technological,economic,global)
make  a case for a company to include the country in its list of desirable customers.Be sure to define your company by industry.

Accepted Answer

The answer of Use the Quora website (www.quora.com)to study the...

Question 12

Interest rate increases have a ________ impact on the residential home construction industry and a ________ effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

Accepted Answer

A) positive;negligible 
B) negative;positive 
C) negative;negligible 
D) positive;negative 
A) positive;negligible 
B) negative;positive 
C) negative;negligible 
D) positive;negative

Question 13

Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups,which strategic group is the largest in terms of breadth of product line?

Accepted Answer

A) Ferrari,Lamborghini,Porsche 
B) Toyota,Ford,General Motors,Chrysler,Honda,Nissan 
C) Chery,Geely,Tata Motors 
D) Mercedes,BMW,Audi 
A) Ferrari,Lamborghini,Porsche 
B) Toyota,Ford,General Motors,Chrysler,Honda,Nissan 
C) Chery,Geely,Tata Motors 
D) Mercedes,BMW,Audi

Question 14

Ted Turner saw the potential of 24-hour news before anyone else.This is an example of perceptual acuity.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following would not lead a manager to believe that an ethical concern exists?

Accepted Answer

A) Have I done anything that coerced somebody to share this information? 
B) Have I done something to circumvent a system intended to secure or protect information? 
C) Is the contemplated technique for gathering information relevant? 
D) Have I misled anybody in order to gain access? 
A) Have I done anything that coerced somebody to share this information? 
B) Have I done something to circumvent a system intended to secure or protect information? 
C) Is the contemplated technique for gathering information relevant? 
D) Have I misled anybody in order to gain access?

Question 16

The tenure of Ms.Marchionni as CEO of Lands' End was largely a result of her efforts to re-invent the apparel brand,

Accepted Answer

A) resulting in an alignment with the company culture. 
B) resulting in an alignment with the customer base interests. 
C) resulting in conflicts with the customer base and the corporate culture. 
D) resulting in an alignment with the wholesome style brand of the company. 
A) resulting in an alignment with the company culture. 
B) resulting in an alignment with the customer base interests. 
C) resulting in conflicts with the customer base and the corporate culture. 
D) resulting in an alignment with the wholesome style brand of the company.

Question 17

Fast fashion retailer success depends upon the ability to spot trends.Explain this in terms of environmental scanning,monitoring and collecting of competitive intelligence.Use an example to support your argument.Companies such as H&M and Zara fall into this category but there are many other competitors.

Accepted Answer

Fast fashion retailers like H&M and Zara

Question 18

Which of the following is not an example of corporate competitive intelligence?

Accepted Answer

A) banks tracking home loans 
B) airlines changing hundreds of fares daily in response to competitor tactics 
C) consumers comparing product offers online 
D) car manufacturers offering sales incentives based on rival offers 
A) banks tracking home loans 
B) airlines changing hundreds of fares daily in response to competitor tactics 
C) consumers comparing product offers online 
D) car manufacturers offering sales incentives based on rival offers

Question 19

Scenario analysis draws on a range of disciplines and interests.It is a more ________ approach to forecasting.

Accepted Answer

A) basic 
B) fundamental 
C) in-depth 
D) superficial 
A) basic 
B) fundamental 
C) in-depth 
D) superficial

Question 20

Banks and airlines are examples of two industries that track competitor offers continually.This is called the process of gathering

Accepted Answer

A) consumer responses. 
B) competitive intelligence. 
C) past decisions. 
D) mainline information. 
A) consumer responses. 
B) competitive intelligence. 
C) past decisions. 
D) mainline information.

Firms that were successful in the past can fail today because

The strategic groups concept is valuable for assessing the implications of industry ________ for the strategic group as a whole.

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan.

New communication technology can impact seemingly unrelated industries such as the airline industry.This would be an example of a

The strategic groups concept is valuable for identifying groups with ________ competitive positions.

SWOT analysis raises awareness about the role of strategy in creating a match between the environmental conditions and ________ of the firm.

Research published in Personnel Psychology shows that older workers are slightly more willing to implement organizational changes than younger workers.This is an example of which segment of the general environment?

Which of the following is not an input process to develop forecasts?

The strategic groups concept is valuable for charting the ________ directions of firm strategies.

Interest rate increases have a impact on the residential home construction industry and a effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups,which strategic group is the largest in terms of breadth of product line?

Ted Turner saw the potential of 24-hour news before anyone else.This is an example of perceptual acuity.

Which of the following would not lead a manager to believe that an ethical concern exists?

The tenure of Ms.Marchionni as CEO of Lands' End was largely a result of her efforts to re-invent the apparel brand,

Which of the following is not an example of corporate competitive intelligence?

Scenario analysis draws on a range of disciplines and interests.It is a more ________ approach to forecasting.

Banks and airlines are examples of two industries that track competitor offers continually.This is called the process of gathering

Strategic Management: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages

Firms that were successful in the past can fail today because

The strategic groups concept is valuable for assessing the implications of industry ________ for the strategic group as a whole.

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan.

New communication technology can impact seemingly unrelated industries such as the airline industry.This would be an example of a

The strategic groups concept is valuable for identifying groups with ________ competitive positions.

SWOT analysis raises awareness about the role of strategy in creating a match between the environmental conditions and ________ of the firm.

Research published in Personnel Psychology shows that older workers are slightly more willing to implement organizational changes than younger workers.This is an example of which segment of the general environment?

Which of the following is not an input process to develop forecasts?

The strategic groups concept is valuable for charting the ________ directions of firm strategies.

Interest rate increases have a ________ impact on the residential home construction industry and a ________ effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

Referring to the textbook Exhibit 2.7 The World Automobile Industry: Strategic Groups,which strategic group is the largest in terms of breadth of product line?

Ted Turner saw the potential of 24-hour news before anyone else.This is an example of perceptual acuity.

Which of the following would not lead a manager to believe that an ethical concern exists?

The tenure of Ms.Marchionni as CEO of Lands' End was largely a result of her efforts to re-invent the apparel brand,

Which of the following is not an example of corporate competitive intelligence?

Scenario analysis draws on a range of disciplines and interests.It is a more ________ approach to forecasting.

Banks and airlines are examples of two industries that track competitor offers continually.This is called the process of gathering

Strategic Management: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Interest rate increases have a impact on the residential home construction industry and a effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.