Question 1

D'Aveni postulated that 'hypercompetition' arises when:

Accepted Answer

A) disequilibrium and rapid change by players create constant dynamic movement 
B) rapid disequilibrium movement by key players creates dynamic changes 
C) rapidly changing environment creates dynamic disequilibrium and movement by players 
D) dynamic movement by players creates constant disequilibrium and rapid change 
A) disequilibrium and rapid change by players create constant dynamic movement 
B) rapid disequilibrium movement by key players creates dynamic changes 
C) rapidly changing environment creates dynamic disequilibrium and movement by players 
D) dynamic movement by players creates constant disequilibrium and rapid change D

Question 2

According to D'Aveni,solutions to hypercompetition include consolidation and understanding of industry rules.

Accepted Answer

A) True 
 B)False  False

Question 3

One of the principles of game theory is that all managers must think similarly if cooperation is to be promoted.

Accepted Answer

A) True 
 B)False  True

Question 4

Nalebuff and Brandenburger developed the PARTS model for analysing competitive situations using game theory concepts.PARTS stands for:

Accepted Answer

A) playing fields,added interest,risk,tactics,search 
B) parameters,added players,random chance,takeovers,stakeholders 
C) players,added value,rules,tactics,scope 
D) participation,amplification,rules,tactics,satisfaction 
A) playing fields,added interest,risk,tactics,search 
B) parameters,added players,random chance,takeovers,stakeholders 
C) players,added value,rules,tactics,scope 
D) participation,amplification,rules,tactics,satisfaction

Question 5

Before attempting to develop a business strategy based on some aspect of green or social sustainability,the organisation should ask whether it can be or will be copied.

Accepted Answer

A) True 
 B)False

Question 6

Define and explain D'Aveni's 'hypercompetition' concept.What are the major competitive arenas for it to occur?

Accepted Answer

In hypercompetition conditions,market pl

Question 7

The PARTS model introduced the idea that value chain members can both cooperate and compete at the same time.

Accepted Answer

A) True 
 B)False

Question 8

According to Nalebuff and Brandenburg,cooperation ______________ value,while competition ______________ value.

Accepted Answer

A) creates,divides. 
B)  replaces,multiplies. 
C)  maximises,minimises. 
D) subtracts,adds. 
A) creates,divides. 
B)  replaces,multiplies. 
C)  maximises,minimises. 
D) subtracts,adds.

Question 9

Which of the following industries would you consider is experiencing a declining stage of industry evolution?

Accepted Answer

A) Food manufacturing 
B) Fixed line telecommunications 
C) Internet search 
D) Nanotechnology 
A) Food manufacturing 
B) Fixed line telecommunications 
C) Internet search 
D) Nanotechnology

Question 10

Explain the competitive options of small organisations to meet the challenges of 'deep pocket competitors'.

Accepted Answer

Small firms try to neutralise the advant

Question 11

Nalebuff and Brandenburger have argued that organisations should be hostile to all competitors.

Accepted Answer

A) True 
 B)False

Question 12

One of the key principles of game theory is:

Accepted Answer

A) knowledge of major competitor organisations 
B) differentiation between one-period games and repeated interaction games 
C) reasoning backwards to the expected actions of competitors to any move 
D) all of the above 
A) knowledge of major competitor organisations 
B) differentiation between one-period games and repeated interaction games 
C) reasoning backwards to the expected actions of competitors to any move 
D) all of the above

Question 13

Game theory is a complete and integrated theory of competitive strategy.

Accepted Answer

A) True 
 B)False

Question 14

The key parameters defining any specific game in game theory include:

Accepted Answer

A) whether or not actions by competitors are simultaneous or differential 
B) whether or not complete information about the issue is available 
C) whether or not it is a one-off or multiperiod game 
D) whether or not the expected outcomes are quantifiable 'payoffs' 
A) whether or not actions by competitors are simultaneous or differential 
B) whether or not complete information about the issue is available 
C) whether or not it is a one-off or multiperiod game 
D) whether or not the expected outcomes are quantifiable 'payoffs'

Question 15

Tactics are best designed to have their own effect rather than affecting the perceptions.

Accepted Answer

A) True 
 B)False

Question 16

D'Aveni's model of timing-know-how competition implies:

Accepted Answer

A) a firm becoming a first mover attempts to create barriers to entry 
B) a fresh price war results from a firm becoming a first mover 
C) a first mover responds to barriers to entry by leapfrogging over them 
D) new entrant matches to first mover through amalgamation 
A) a firm becoming a first mover attempts to create barriers to entry 
B) a fresh price war results from a firm becoming a first mover 
C) a first mover responds to barriers to entry by leapfrogging over them 
D) new entrant matches to first mover through amalgamation

Question 17

What is the best long-term approach for supporting sustainability and changing environmental practices?

Accepted Answer

The most likely long-term approach is fo

Question 18

One of the main principles of game theory is to consider the unexpected reactions of the competitors.

Accepted Answer

A) True 
 B)False

Question 19

Hubbard,Rice and Galvin describe the prisoner's dilemma as a:

Accepted Answer

A) one-player,single payout objective,two-shot,simultaneous action game 
B) sequential action,two-player,multiple payoffs,shotgun game 
C) single playoff,multiple objectives,subjective action 
D) one-shot,two-player,sequential action,single payoff objective game 
A) one-player,single payout objective,two-shot,simultaneous action game 
B) sequential action,two-player,multiple payoffs,shotgun game 
C) single playoff,multiple objectives,subjective action 
D) one-shot,two-player,sequential action,single payoff objective game

Question 20

Hubbard,Rice and Galvin suggest that in respect of green sustainability issues,many organisations adopt:

Accepted Answer

A) an 'imitating others' approach 
B) a proactive approach 
C) a short-cut approach 
D) a 'wait and see' approach 
A) an 'imitating others' approach 
B) a proactive approach 
C) a short-cut approach 
D) a 'wait and see' approach

D'Aveni postulated that 'hypercompetition' arises when:

According to D'Aveni,solutions to hypercompetition include consolidation and understanding of industry rules.

One of the principles of game theory is that all managers must think similarly if cooperation is to be promoted.

Nalebuff and Brandenburger developed the PARTS model for analysing competitive situations using game theory concepts.PARTS stands for:

Before attempting to develop a business strategy based on some aspect of green or social sustainability,the organisation should ask whether it can be or will be copied.

Define and explain D'Aveni's 'hypercompetition' concept.What are the major competitive arenas for it to occur?

The PARTS model introduced the idea that value chain members can both cooperate and compete at the same time.

According to Nalebuff and Brandenburg,cooperation value,while competition value.

Which of the following industries would you consider is experiencing a declining stage of industry evolution?

Explain the competitive options of small organisations to meet the challenges of 'deep pocket competitors'.

Nalebuff and Brandenburger have argued that organisations should be hostile to all competitors.

One of the key principles of game theory is:

Game theory is a complete and integrated theory of competitive strategy.

The key parameters defining any specific game in game theory include:

Tactics are best designed to have their own effect rather than affecting the perceptions.

D'Aveni's model of timing-know-how competition implies:

What is the best long-term approach for supporting sustainability and changing environmental practices?

One of the main principles of game theory is to consider the unexpected reactions of the competitors.

Hubbard,Rice and Galvin describe the prisoner's dilemma as a:

Hubbard,Rice and Galvin suggest that in respect of green sustainability issues,many organisations adopt:

What Is Strategy

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters

Exam 8: Dynamic Competitive Strategy

D'Aveni postulated that 'hypercompetition' arises when:

According to D'Aveni,solutions to hypercompetition include consolidation and understanding of industry rules.

One of the principles of game theory is that all managers must think similarly if cooperation is to be promoted.

Nalebuff and Brandenburger developed the PARTS model for analysing competitive situations using game theory concepts.PARTS stands for:

Before attempting to develop a business strategy based on some aspect of green or social sustainability,the organisation should ask whether it can be or will be copied.

Define and explain D'Aveni's 'hypercompetition' concept.What are the major competitive arenas for it to occur?

The PARTS model introduced the idea that value chain members can both cooperate and compete at the same time.

According to Nalebuff and Brandenburg,cooperation ______________ value,while competition ______________ value.

Which of the following industries would you consider is experiencing a declining stage of industry evolution?

Explain the competitive options of small organisations to meet the challenges of 'deep pocket competitors'.

Nalebuff and Brandenburger have argued that organisations should be hostile to all competitors.

One of the key principles of game theory is:

Game theory is a complete and integrated theory of competitive strategy.

The key parameters defining any specific game in game theory include:

Tactics are best designed to have their own effect rather than affecting the perceptions.

D'Aveni's model of timing-know-how competition implies:

What is the best long-term approach for supporting sustainability and changing environmental practices?

One of the main principles of game theory is to consider the unexpected reactions of the competitors.

Hubbard,Rice and Galvin describe the prisoner's dilemma as a:

Hubbard,Rice and Galvin suggest that in respect of green sustainability issues,many organisations adopt:

What Is Strategy

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters

According to Nalebuff and Brandenburg,cooperation value,while competition value.