Question 1

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 2

A value chain partnership is a loose alliance with several distributors for the short term.

Accepted Answer

A) True 
 B)False

Question 3

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

Accepted Answer

A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus 
A)  differentiation 
B)  cost leadership 
C)  differentiation focus 
D)  competitive advantage 
E)  cost focus

Question 4

According to Porter, a business unit in a competitive marketplace with no generic competitive strategy is

Accepted Answer

A)  achieving synergy. 
B)  practicing innovative leadership. 
C)  stuck in the middle. 
D)  not goal directed. 
E)  last in line. 
A)  achieving synergy. 
B)  practicing innovative leadership. 
C)  stuck in the middle. 
D)  not goal directed. 
E)  last in line.

Question 5

According to D'Aveni

Accepted Answer

A)  except for a few stable industries, strategy initiatives do not provide sustainable competitive advantage. 
B)  hypercompetition is rare. 
C)  it is enough to gain competitive advantage by being the lowest cost competitor. 
D)  the theory of hypercompetition is not supported by any research. 
E)  the American home appliance industry was immune to hypercompetition. 
A)  except for a few stable industries, strategy initiatives do not provide sustainable competitive advantage. 
B)  hypercompetition is rare. 
C)  it is enough to gain competitive advantage by being the lowest cost competitor. 
D)  the theory of hypercompetition is not supported by any research. 
E)  the American home appliance industry was immune to hypercompetition.

Question 6

What are Porter's four generic strategies?

Accepted Answer

Cost leadership is a lower-cost competit

Question 7

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

Accepted Answer

A) True 
 B)False

Question 8

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

Accepted Answer

A)  low-cost differentiation. 
B)  cost leadership. 
C)  cost proximity. 
D)  basic differentiation. 
E)  price fixing. 
A)  low-cost differentiation. 
B)  cost leadership. 
C)  cost proximity. 
D)  basic differentiation. 
E)  price fixing.

Question 9

Most entrepreneurial ventures follow

Accepted Answer

A)  differentiation strategies. 
B)  focus strategies. 
C)  no strategies. 
D)  cost leadership strategies. 
E)  all of the above 
A)  differentiation strategies. 
B)  focus strategies. 
C)  no strategies. 
D)  cost leadership strategies. 
E)  all of the above

Question 10

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

Accepted Answer

A) True 
 B)False

Question 11

The "cell" chip created by IBM, Sony Electronics, and Toshiba was a result of pooling their resources in a

Accepted Answer

A)  joint venture. 
B)  licensing arrangement. 
C)  value-chain partnership. 
D)  mutual service consortium. 
E)  competitive advantage. 
A)  joint venture. 
B)  licensing arrangement. 
C)  value-chain partnership. 
D)  mutual service consortium. 
E)  competitive advantage.

Question 12

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

Accepted Answer

A)  explicit collusion. 
B)  a strategic alliance. 
C)  a mutual service consortium. 
D)  conscious parallelism. 
E)  partnering. 
A)  explicit collusion. 
B)  a strategic alliance. 
C)  a mutual service consortium. 
D)  conscious parallelism. 
E)  partnering.

Question 13

As an industry becomes hypercompetitive, firms initially respond by

Accepted Answer

A)  raising entry barriers. 
B)  moving into untapped markets. 
C)  attacking the strongholds of other firms. 
D)  competing on cost and quality. 
E)  working their way to a situation of perfect competition. 
A)  raising entry barriers. 
B)  moving into untapped markets. 
C)  attacking the strongholds of other firms. 
D)  competing on cost and quality. 
E)  working their way to a situation of perfect competition.

Question 14

The kind of strategic alliance in which a company forms a strong and close long-term relationship for mutual advantage with a key supplier or distributor is the

Accepted Answer

A)  joint venture. 
B)  licensing agreement. 
C)  value-chain partnership. 
D)  mutual service consortia. 
E)  holding company. 
A)  joint venture. 
B)  licensing agreement. 
C)  value-chain partnership. 
D)  mutual service consortia. 
E)  holding company.

Question 15

Collusion

Accepted Answer

A)  may be explicit. 
B)  may be tacit. 
C)  is illegal when explicit. 
D)  can be illegal even when tacit. 
E)  all of the above 
A)  may be explicit. 
B)  may be tacit. 
C)  is illegal when explicit. 
D)  can be illegal even when tacit. 
E)  all of the above

Question 16

The goal is to find a propitious niche so well suited to the firm's internal and external environment that other corporations are not likely to challenge or dislodge it.

Accepted Answer

A) True 
 B)False

Question 17

SWOT analysis by itself is not a panacea for strategy.

Accepted Answer

A) True 
 B)False

Question 18

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

Accepted Answer

A) True 
 B)False

Question 19

If a mission does not provide a common thread for a corporation's businesses, managers might be unclear about where the company is heading.

Accepted Answer

A) True 
 B)False

Question 20

All of the following reflect criticisms of the SWOT analysis EXCEPT

Accepted Answer

A)  it uses no weights to reflect priorities. 
B)  it only requires a single level of analysis. 
C)  it provides a rational link to strategy implementation. 
D)  it uses ambiguity in words and phrases. 
E)  it generates lengthy lists. 
A)  it uses no weights to reflect priorities. 
B)  it only requires a single level of analysis. 
C)  it provides a rational link to strategy implementation. 
D)  it uses ambiguity in words and phrases. 
E)  it generates lengthy lists.

The book Hypercompetition was written by

A value chain partnership is a loose alliance with several distributors for the short term.

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

According to Porter, a business unit in a competitive marketplace with no generic competitive strategy is

According to D'Aveni

What are Porter's four generic strategies?

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

Most entrepreneurial ventures follow

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

The "cell" chip created by IBM, Sony Electronics, and Toshiba was a result of pooling their resources in a

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

As an industry becomes hypercompetitive, firms initially respond by

The kind of strategic alliance in which a company forms a strong and close long-term relationship for mutual advantage with a key supplier or distributor is the

Collusion

The goal is to find a propitious niche so well suited to the firm's internal and external environment that other corporations are not likely to challenge or dislodge it.

SWOT analysis by itself is not a panacea for strategy.

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

If a mission does not provide a common thread for a corporation's businesses, managers might be unclear about where the company is heading.

All of the following reflect criticisms of the SWOT analysis EXCEPT

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 6: Strategy Formulation: Situation Analysis and Business Strategy

The book Hypercompetition was written by

A value chain partnership is a loose alliance with several distributors for the short term.

Which of Porter's competitive strategies recommends that a company emphasize a particular buyer group or geographic market and attempts to seek a cost advantage in its targeted segment?

According to Porter, a business unit in a competitive marketplace with no generic competitive strategy is

According to D'Aveni

What are Porter's four generic strategies?

One success factor to a strategic alliance is the ability to identify likely partnering risks and deal with them when the alliance is formed.

When a company following a differentiation strategy ensures that the higher price it charges for its higher quality is not priced too far above the price of the competition, the company is using the process of

Most entrepreneurial ventures follow

A licensing arrangement is an agreement in which the licensing firm grants rights to another firm in another country or market to produce and/or sell a product.

The "cell" chip created by IBM, Sony Electronics, and Toshiba was a result of pooling their resources in a

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines, it is referred to as

As an industry becomes hypercompetitive, firms initially respond by

The kind of strategic alliance in which a company forms a strong and close long-term relationship for mutual advantage with a key supplier or distributor is the

Collusion

The goal is to find a propitious niche so well suited to the firm's internal and external environment that other corporations are not likely to challenge or dislodge it.

SWOT analysis by itself is not a panacea for strategy.

One danger of D'Aveni's concept of hypercompetition is that it may lead to an overemphasis on short-term tactics over long-term strategy.

If a mission does not provide a common thread for a corporation's businesses, managers might be unclear about where the company is heading.

All of the following reflect criticisms of the SWOT analysis EXCEPT

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters