Question 1

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. C

Question 2

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

Accepted Answer

A)  value. 
B)  rareness. 
C)  imitability. 
D)  organization. 
E)  durability. 
A)  value. 
B)  rareness. 
C)  imitability. 
D)  organization. 
E)  durability. D

Question 3

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

Accepted Answer

A)  functional crossroads. 
B)  center of gravity. 
C)  dynamic equilibrium. 
D)  R&D intensity. 
E)  economy of scope. 
A)  functional crossroads. 
B)  center of gravity. 
C)  dynamic equilibrium. 
D)  R&D intensity. 
E)  economy of scope. B

Question 4

In a process called ________,the once-isolated specialists now work side-by-side and compare notes constantly in an effort to design cost-effective products with features customers want.

Accepted Answer

A)  simultaneous strategy 
B)  participatory planning 
C)  jointly designed objectives 
D)  concurrent engineering 
E)  cooperative design 
A)  simultaneous strategy 
B)  participatory planning 
C)  jointly designed objectives 
D)  concurrent engineering 
E)  cooperative design

Question 5

The business model used by HP in selling printers and printer cartridges is the

Accepted Answer

A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  multi-component system/installed base model. 
A)  profit pyramid model. 
B)  advertising model. 
C)  customer solutions model. 
D)  efficiency model. 
E)  multi-component system/installed base model.

Question 6

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 7

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 8

When examining the corporate value chain of a particular product or service,which one of the following is not one of the primary activities that usually occur?

Accepted Answer

A)  operations 
B)  inbound and outbound logistics 
C)  auditing and accounting 
D)  marketing and sales 
E)  customer service 
A)  operations 
B)  inbound and outbound logistics 
C)  auditing and accounting 
D)  marketing and sales 
E)  customer service

Question 9

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

Accepted Answer

A)  cultural intensity. 
B)  cultural diversification. 
C)  cultural integration. 
D)  cultural strategy. 
E)  cultural prerogative. 
A)  cultural intensity. 
B)  cultural diversification. 
C)  cultural integration. 
D)  cultural strategy. 
E)  cultural prerogative.

Question 10

Which of the following statements is not true concerning a corporate reputation?

Accepted Answer

A)  It is a widely held perception of a company by the general public. 
B)  A good corporate reputation can be a strategic resource. 
C)  There is a positive relationship between corporate reputation and financial performance. 
D)  Reputation tends to be long lasting and hard for others to duplicate. 
E)  Research shows no positive relationship between corporate reputation and financial performance. 
A)  It is a widely held perception of a company by the general public. 
B)  A good corporate reputation can be a strategic resource. 
C)  There is a positive relationship between corporate reputation and financial performance. 
D)  Reputation tends to be long lasting and hard for others to duplicate. 
E)  Research shows no positive relationship between corporate reputation and financial performance.

Question 11

A current trend in corporate information systems is the increasing use of the Internet for marketing,intranets for internal communication,and extranets for logistics and distribution.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Accepted Answer

A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work 
A)  improve the work environment 
B)  introduce participative problem solving 
C)  improve the responsiveness of management 
D)  introduce innovative reward systems 
E)  restructuring work

Question 13

Define a value chain and the significance of the center of gravity.

Accepted Answer

A value chain is a linked set of value-c

Question 14

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

Accepted Answer

A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue. 
A)  lower profits. 
B)  higher profits. 
C)  higher earnings per share. 
D)  lower earnings per share. 
E)  higher sales revenue.

Question 15

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 16

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 17

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

Accepted Answer

Manufacturing can be intermittent or con

Question 18

The ratio of total debt to total assets is known as

Accepted Answer

A)  budgeting leverage. 
B)  capital finance. 
C)  capital budgeting. 
D)  financial leverage. 
E)  financial budgeting. 
A)  budgeting leverage. 
B)  capital finance. 
C)  capital budgeting. 
D)  financial leverage. 
E)  financial budgeting.

Question 19

Durability is the rate at which others can duplicate a firm's underlying resources,capabilities,or core competencies.

Accepted Answer

A) True 
 B)False

Question 20

Which one of the following best describes a divisional structure?

Accepted Answer

A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions. 
A)  Work is divided into subunits on the basis of such functions as manufacturing, marketing, finance, and human resources. 
B)  This is most appropriate for large corporations with many product lines in several related industries, with employees acting as functional specialists attempting to gain synergy among divisional activities. 
C)  This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades. 
D)  Employees have two or more superiors, a project manager and a functional manager. 
E)  This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as functional specialists but with no attempt at gaining synergy among the divisions.

Strategic managers must be concerned with human resource management because

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

In a process called ________,the once-isolated specialists now work side-by-side and compare notes constantly in an effort to design cost-effective products with features customers want.

The business model used by HP in selling printers and printer cartridges is the

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.

When examining the corporate value chain of a particular product or service,which one of the following is not one of the primary activities that usually occur?

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

Which of the following statements is not true concerning a corporate reputation?

A current trend in corporate information systems is the increasing use of the Internet for marketing,intranets for internal communication,and extranets for logistics and distribution.

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Define a value chain and the significance of the center of gravity.

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

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

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

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

The ratio of total debt to total assets is known as

Durability is the rate at which others can duplicate a firm's underlying resources,capabilities,or core competencies.

Which one of the following best describes a divisional structure?

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

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Exam 5: Organizational Analysis and Competitive Advantage

Strategic managers must be concerned with human resource management because

According to Barney's VRIO framework,the firm's exploitation of a competency pertains to

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's

In a process called ________,the once-isolated specialists now work side-by-side and compare notes constantly in an effort to design cost-effective products with features customers want.

The business model used by HP in selling printers and printer cartridges is the

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.

When examining the corporate value chain of a particular product or service,which one of the following is not one of the primary activities that usually occur?

The breadth of an organization's culture or the extent to which units throughout an organization share a common culture is also known as

Which of the following statements is not true concerning a corporate reputation?

A current trend in corporate information systems is the increasing use of the Internet for marketing,intranets for internal communication,and extranets for logistics and distribution.

Which of the following is not one of the four methods to improve the corporation's quality of work life?

Define a value chain and the significance of the center of gravity.

As compared to a firm with low financial leverage,a firm with a high amount of financial leverage in an expanding market should have

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

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

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

The ratio of total debt to total assets is known as

Durability is the rate at which others can duplicate a firm's underlying resources,capabilities,or core competencies.

Which one of the following best describes a divisional structure?

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