Question 1

A core competency can be easily imitated to the extent that it is transparent,transferable,and replicable.

Accepted Answer

A) True 
 B)False

Question 2

Cultural integration is the degree to which members of a unit accept the norms,values,or other cultural content associated with the unit-showing the culture's depth.

Accepted Answer

A) True 
 B)False

Question 3

The particular combination of product,place,promotion,and price is called

Accepted Answer

A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage. 
A)  marketing position. 
B)  product life cycle. 
C)  market segmentation. 
D)  marketing mix. 
E)  marketing leverage.

Question 4

FedEx's application of information technology to all its operations is an example of

Accepted Answer

A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors. 
A)  resources. 
B)  distinctive competencies. 
C)  core competencies. 
D)  critical success factors. 
E)  key performance factors.

Question 5

Distinguish between continuous and intermittent manufacturing systems,providing examples of each.

Accepted Answer

Manufacturing can be intermittent or con

Question 6

Strategic managers must be concerned with human resource management because

Accepted Answer

A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism. 
A)  dealing with people is their primary job. 
B)  quality of work life is more important than strategic management. 
C)  the best strategies are meaningless if employees do not have the skills to carry them out or if jobs cannot be designed to accommodate the available workers. 
D)  workers are more likely to go on strike if management attempts to cross them. 
E)  they must be aware of the possibility and potential of unionism.

Question 7

The resources of an organization include tangible assets,human assets,and intangible assets.

Accepted Answer

A) True 
 B)False

Question 8

When employees across the organization hold the same cultural values and norms,this demonstrates a high level of cultural integration.

Accepted Answer

A) True 
 B)False

Question 9

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on,companies are using

Accepted Answer

A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering. 
A)  virtual work teams. 
B)  cross-functional work teams. 
C)  advisory committees. 
D)  task forces. 
E)  continuous engineering.

Question 10

When the value chains of two separate products or services share activities,such as the same marketing channels,in order to reduce costs,this is an example of

Accepted Answer

A)  economies of scope. 
B)  economies of scale. 
C)  economies of integration. 
D)  economies of learning. 
E)  outsourcing. 
A)  economies of scope. 
B)  economies of scale. 
C)  economies of integration. 
D)  economies of learning. 
E)  outsourcing.

Question 11

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

Accepted Answer

A)  imitability. 
B)  reverse engineering. 
C)  transferability. 
D)  transparency. 
E)  durability. 
A)  imitability. 
B)  reverse engineering. 
C)  transferability. 
D)  transparency. 
E)  durability.

Question 14

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

Question 15

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 16

New product development would be a core competency if it goes beyond one division.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Accepted Answer

A)  organization 
B)  durability 
C)  rareness 
D)  valuable 
E)  imitability 
A)  organization 
B)  durability 
C)  rareness 
D)  valuable 
E)  imitability

Question 18

Which one of the following is not descriptive of the experience 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 19

Using concurrent engineering,Chrysler Corporation was able to reduce its product development cycle from 60 to 36 months.

Accepted Answer

A) True 
 B)False

Question 20

According to Porter,a manufacturing firm's support activities usually begin with inbound logistics,go through an operations process in which a product is manufactured,and continue on to outbound logistics,and finally to service.

Accepted Answer

A) True 
 B)False

A core competency can be easily imitated to the extent that it is transparent,transferable,and replicable.

Cultural integration is the degree to which members of a unit accept the norms,values,or other cultural content associated with the unit-showing the culture's depth.

The particular combination of product,place,promotion,and price is called

FedEx's application of information technology to all its operations is an example of

Distinguish between continuous and intermittent manufacturing systems,providing examples of each.

Strategic managers must be concerned with human resource management because

The resources of an organization include tangible assets,human assets,and intangible assets.

When employees across the organization hold the same cultural values and norms,this demonstrates a high level of cultural integration.

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on,companies are using

When the value chains of two separate products or services share activities,such as the same marketing channels,in order to reduce costs,this is an example of

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

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

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

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.

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.

New product development would be a core competency if it goes beyond one division.

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Which one of the following is not descriptive of the experience curve?

Using concurrent engineering,Chrysler Corporation was able to reduce its product development cycle from 60 to 36 months.

According to Porter,a manufacturing firm's support activities usually begin with inbound logistics,go through an operations process in which a product is manufactured,and continue on to outbound logistics,and finally to service.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 5: Organizational Analysis and Competitive Advantage

A core competency can be easily imitated to the extent that it is transparent,transferable,and replicable.

Cultural integration is the degree to which members of a unit accept the norms,values,or other cultural content associated with the unit-showing the culture's depth.

The particular combination of product,place,promotion,and price is called

FedEx's application of information technology to all its operations is an example of

Distinguish between continuous and intermittent manufacturing systems,providing examples of each.

Strategic managers must be concerned with human resource management because

The resources of an organization include tangible assets,human assets,and intangible assets.

When employees across the organization hold the same cultural values and norms,this demonstrates a high level of cultural integration.

In order to move more quickly through a product's development stage and have people from each discipline get involved in projects early on,companies are using

When the value chains of two separate products or services share activities,such as the same marketing channels,in order to reduce costs,this is an example of

eBay and Amazon.com have successfully used the efficiency model by acting as an intermediary to connect multiple sellers to multiple buyers.

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

The speed with which other firms can understand the relationship of resources and capabilities supporting a successful firm's strategy is called

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.

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.

New product development would be a core competency if it goes beyond one division.

Which of the following is not one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?

Which one of the following is not descriptive of the experience curve?

Using concurrent engineering,Chrysler Corporation was able to reduce its product development cycle from 60 to 36 months.

According to Porter,a manufacturing firm's support activities usually begin with inbound logistics,go through an operations process in which a product is manufactured,and continue on to outbound logistics,and finally to service.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters