Question 1

What are Porter's three generic competitive strategies?

Accepted Answer

Porter's three generic competitive strat

Question 2

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 3

Rollups are not synonymous with traditional mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 4

An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is

Accepted Answer

A)  PET. 
B)  MBO. 
C)  SWOT. 
D)  SBU. 
E)  ROI. 
A)  PET. 
B)  MBO. 
C)  SWOT. 
D)  SBU. 
E)  ROI.

Question 5

Which of the following is true of an organization's mission statement?

Accepted Answer

A)  should be crafted late in the strategic implementation stage 
B)  articulates how the organization will take advantage of opportunities by overcoming weaknesses 
C)  does not have to be unique to the organization 
D)  should be short so every employee can remember it 
E)  does not provide direction for employees, but rather informs outsiders of what the organization does 
A)  should be crafted late in the strategic implementation stage 
B)  articulates how the organization will take advantage of opportunities by overcoming weaknesses 
C)  does not have to be unique to the organization 
D)  should be short so every employee can remember it 
E)  does not provide direction for employees, but rather informs outsiders of what the organization does

Question 6

Which of Porter's broad mass market competitive strategies requires tight cost control,frequent detailed control reports,and cost minimization in areas like R&D,service and advertising?

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 7

The text authors note that the essence of strategy is

Accepted Answer

A)  opportunity divided by capacity. 
B)  strength divided by opportunity. 
C)  threat divided by capacity. 
D)  threat divided by opportunity. 
E)  opportunity divided by threat. 
A)  opportunity divided by capacity. 
B)  strength divided by opportunity. 
C)  threat divided by capacity. 
D)  threat divided by opportunity. 
E)  opportunity divided by threat.

Question 8

Discuss the reasons a firm may form a strategic alliance.

Accepted Answer

A strategic alliance is a long-term coop

Question 9

All of the following reflect criticisms of the SWOT analysis EXCEPT

Accepted Answer

A)  it is simply the opinions of those filling out the boxes. 
B)  virtually everything that is a strength is also a weakness. 
C)  it provides a rational link to strategy implementation. 
D)  virtually everything that is an opportunity is also a threat. 
E)  there is no tie to the view from the customer. 
A)  it is simply the opinions of those filling out the boxes. 
B)  virtually everything that is a strength is also a weakness. 
C)  it provides a rational link to strategy implementation. 
D)  virtually everything that is an opportunity is also a threat. 
E)  there is no tie to the view from the customer.

Question 10

Morgan Motor Car Company manufactures classic British sports cars.Which of Porter's strategies is this company following?

Accepted Answer

A)  differentiation focus 
B)  cost leadership 
C)  stuck in the middle 
D)  differentiation 
E)  cost focus 
A)  differentiation focus 
B)  cost leadership 
C)  stuck in the middle 
D)  differentiation 
E)  cost focus

Question 11

Collusion

Accepted Answer

A)  may be explicit or tacit. 
B)  may be tacit and therefore legal. 
C)  is rarely practiced by competing firms. 
D)  cannot occur without direct communication among firms. 
E)  is a popular competitive strategy. 
A)  may be explicit or tacit. 
B)  may be tacit and therefore legal. 
C)  is rarely practiced by competing firms. 
D)  cannot occur without direct communication among firms. 
E)  is a popular competitive strategy.

Question 12

The T in SWOT represents

Accepted Answer

A)  threat. 
B)  tactic. 
C)  technique. 
D)  task. 
E)  time. 
A)  threat. 
B)  tactic. 
C)  technique. 
D)  task. 
E)  time.

Question 13

Niches can grow and change over time.

Accepted Answer

A) True 
 B)False

What are Porter's three generic competitive strategies?

The book Hypercompetition was written by

Rollups are not synonymous with traditional mergers and acquisitions.

An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is

Which of the following is true of an organization's mission statement?

Which of Porter's broad mass market competitive strategies requires tight cost control,frequent detailed control reports,and cost minimization in areas like R&D,service and advertising?

The text authors note that the essence of strategy is

Discuss the reasons a firm may form a strategic alliance.

All of the following reflect criticisms of the SWOT analysis EXCEPT

Morgan Motor Car Company manufactures classic British sports cars.Which of Porter's strategies is this company following?

Collusion

The T in SWOT represents

Niches can grow and change over time.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

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 6: Strategy Formulation: Business Strategy

What are Porter's three generic competitive strategies?

The book Hypercompetition was written by

Rollups are not synonymous with traditional mergers and acquisitions.

An acronym for the assessment of the external and internal environments of the business corporation in the process of strategy formulation/strategic planning is

Which of the following is true of an organization's mission statement?

Which of Porter's broad mass market competitive strategies requires tight cost control,frequent detailed control reports,and cost minimization in areas like R&D,service and advertising?

The text authors note that the essence of strategy is

Discuss the reasons a firm may form a strategic alliance.

All of the following reflect criticisms of the SWOT analysis EXCEPT

Morgan Motor Car Company manufactures classic British sports cars.Which of Porter's strategies is this company following?

Collusion

The T in SWOT represents

Niches can grow and change over time.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

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