Question 1

_______ are contractual alliances in which the participants regularly exchange codified knowledge.

Accepted Answer

A)  Licensing agreements 
B)  Distribution agreements 
C)  Joint venture agreements 
D)  Equity alliances 
A)  Licensing agreements 
B)  Distribution agreements 
C)  Joint venture agreements 
D)  Equity alliances

Question 2

Describe two dimensions that help explain the distinctions of mergers and acquisitions.

Accepted Answer

In mergers,the target firm usually would

Question 3

Star Alliance includes such carriers as Air Canada,Air China,Continental Airlines,Singapore Airlines,and others.Star Alliance is an example of _____.

Accepted Answer

A)  A merger 
B)  A joint venture 
C)  Strategic networks 
D)  Consortia 
A)  A merger 
B)  A joint venture 
C)  Strategic networks 
D)  Consortia

Question 4

The following characteristics are all related to acquisitions EXCEPT _____.

Accepted Answer

A)  It can be friendly or unfriendly 
B)  Sometimes, it can be hostile 
C)  The combining of firms only of comparable size 
D)  Large firms buying up startup companies 
A)  It can be friendly or unfriendly 
B)  Sometimes, it can be hostile 
C)  The combining of firms only of comparable size 
D)  Large firms buying up startup companies

Question 5

_________ occurs when a network exhibits local clusters,each with a high degree centrality.

Accepted Answer

A)  A market-domain phenomenon 
B)  A market-domain network 
C)  A small-world phenomenon 
D)  A small-world network 
A)  A market-domain phenomenon 
B)  A market-domain network 
C)  A small-world phenomenon 
D)  A small-world network

Question 6

Strategic alliance partners often exchange personnel to make the acquisition of tacit knowledge possible,because tacit knowledge can ONLY be acquired through actively participating in the process.

Accepted Answer

A) True 
 B)False

Question 7

The most frequent forms of non-equity alliance include the following EXCEPT _______.

Accepted Answer

A)  Supply agreements 
B)  Distribution agreements 
C)  Licensing agreements 
D)  Partnership agreements 
A)  Supply agreements 
B)  Distribution agreements 
C)  Licensing agreements 
D)  Partnership agreements

Question 8

The main value of Oracle's acquisition of PeopleSoft is _____.

Accepted Answer

A)  Tapping into new distribution channels in international markets 
B)  Reducing their sales forces and lowering the overall cost of distribution 
C)  Optimizing their entire vertical and horizontal value chains 
D)  Lowering competitive intensity in the industry overall 
A)  Tapping into new distribution channels in international markets 
B)  Reducing their sales forces and lowering the overall cost of distribution 
C)  Optimizing their entire vertical and horizontal value chains 
D)  Lowering competitive intensity in the industry overall

Question 9

A small-world phenomenon is a situation in which a network exhibits _____ clusters,each with a high degree of centrality.

Accepted Answer

A)  Nonlocal 
B)  Local 
C)  Inter-organization 
D)  Cross 
A)  Nonlocal 
B)  Local 
C)  Inter-organization 
D)  Cross

Question 10

Managerial hubris is a form of self-delusion,in which managers convince themselves of their superior skills in the face of clear evidence to the contrary.

Accepted Answer

A) True 
 B)False

Question 11

The mergers between Delta and Northwest Airlines,United Airlines and Continental,and Southwest and AirTran _____ in the industry overall.

Accepted Answer

A)  Increased system capacity 
B)  Increased differentiation 
C)  Helped them gain access to new markets and distribution channels 
D)  Decreased competitive intensity 
A)  Increased system capacity 
B)  Increased differentiation 
C)  Helped them gain access to new markets and distribution channels 
D)  Decreased competitive intensity

Question 12

Horizontal integration can affect several of Porter's five forces for the surviving firms.Which of the following would this include?

Accepted Answer

A)  Increasing the threat of entry 
B)  Increasing rivalry among existing firms 
C)  Strengthening bargaining power vis-à-vis supplier and buyers 
D)  Increasing the threat of substitute products 
A)  Increasing the threat of entry 
B)  Increasing rivalry among existing firms 
C)  Strengthening bargaining power vis-à-vis supplier and buyers 
D)  Increasing the threat of substitute products

Question 13

If a firm is highly visible and prominent in the cluster and has access to many channels of information,it has a high _____.

Accepted Answer

A)  Degree of centrality 
B)  Degree of freedom 
C)  Degree of linearity 
D)  Degree of separation 
A)  Degree of centrality 
B)  Degree of freedom 
C)  Degree of linearity 
D)  Degree of separation

Question 14

Based on Strategy Highlight 9.1,Kraft's hostile takeover of Cadbury was mainly motivated by Kraft's desire for _____.

Accepted Answer

A)  Increased differentiation 
B)  Access to new markets and distribution channels 
C)  Reduction in competitive intensity 
D)  Lower costs 
A)  Increased differentiation 
B)  Access to new markets and distribution channels 
C)  Reduction in competitive intensity 
D)  Lower costs

Question 15

The reasons firms enter into alliances include all of the following EXCEPT _____.

Accepted Answer

A)  To enter new markets 
B)  To increase competitive intensity 
C)  To hedge against uncertainty 
D)  To learn new capabilities 
A)  To enter new markets 
B)  To increase competitive intensity 
C)  To hedge against uncertainty 
D)  To learn new capabilities

Question 16

Which of the following is NOT one of the pros in equity alliance?

Accepted Answer

A)  It's easy to initiate and terminate. 
B)  It's a strong tie. 
C)  Trust and commitment can emerge. 
D)  It's a window into new technologies. 
A)  It's easy to initiate and terminate. 
B)  It's a strong tie. 
C)  Trust and commitment can emerge. 
D)  It's a window into new technologies.

Question 17

_____ is a senior,corporate-level executive responsible for high-level support and oversight.

Accepted Answer

A)  An alliance manager 
B)  An alliance leader 
C)  An alliance champion 
D)  An alliance planning supervisor 
A)  An alliance manager 
B)  An alliance leader 
C)  An alliance champion 
D)  An alliance planning supervisor

Question 18

Acquisitions,alliances,and networks help firms pursue common interests,enhance competitiveness,and increase revenues.

Accepted Answer

A) True 
 B)False

Question 19

A _____ allows a firm to find novel solutions to thorny problems because she often has access to diverse knowledge,and can link that information to implement solutions in the form of new products or processes.

Accepted Answer

A)  Boundary broker 
B)  Knowledge broker 
C)  Knowledge agent 
D)  Legal affairs medium 
A)  Boundary broker 
B)  Knowledge broker 
C)  Knowledge agent 
D)  Legal affairs medium

Question 20

A merger describes the purchase or takeover of one company by another.

Accepted Answer

A) True 
 B)False

_______ are contractual alliances in which the participants regularly exchange codified knowledge.

Describe two dimensions that help explain the distinctions of mergers and acquisitions.

Star Alliance includes such carriers as Air Canada,Air China,Continental Airlines,Singapore Airlines,and others.Star Alliance is an example of _____.

The following characteristics are all related to acquisitions EXCEPT _____.

_________ occurs when a network exhibits local clusters,each with a high degree centrality.

Strategic alliance partners often exchange personnel to make the acquisition of tacit knowledge possible,because tacit knowledge can ONLY be acquired through actively participating in the process.

The most frequent forms of non-equity alliance include the following EXCEPT _______.

The main value of Oracle's acquisition of PeopleSoft is _____.

A small-world phenomenon is a situation in which a network exhibits _____ clusters,each with a high degree of centrality.

Managerial hubris is a form of self-delusion,in which managers convince themselves of their superior skills in the face of clear evidence to the contrary.

The mergers between Delta and Northwest Airlines,United Airlines and Continental,and Southwest and AirTran _____ in the industry overall.

Horizontal integration can affect several of Porter's five forces for the surviving firms.Which of the following would this include?

If a firm is highly visible and prominent in the cluster and has access to many channels of information,it has a high _____.

Based on Strategy Highlight 9.1,Kraft's hostile takeover of Cadbury was mainly motivated by Kraft's desire for _____.

The reasons firms enter into alliances include all of the following EXCEPT _____.

Which of the following is NOT one of the pros in equity alliance?

_____ is a senior,corporate-level executive responsible for high-level support and oversight.

Acquisitions,alliances,and networks help firms pursue common interests,enhance competitiveness,and increase revenues.

A _____ allows a firm to find novel solutions to thorny problems because she often has access to diverse knowledge,and can link that information to implement solutions in the form of new products or processes.

A merger describes the purchase or takeover of one company by another.

What Is Strategy and Why Is It Important

The Strategic Management Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Internal Analysis: Resources, Capabilities, and Activities

Competitive Advantage and Firm Performance

Business Strategy: Differentiation, Cost Leadership, and Integration

Business Strategy: Innovation and Strategic Entrepreneurship

Corporate Strategy: Vertical Integration and Diversification

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance, Business Ethics, and Strategic Leadership

Filters

Exam 9: Corporate Strategy: Acquisitions, Alliances, and Networks

_______ are contractual alliances in which the participants regularly exchange codified knowledge.

Describe two dimensions that help explain the distinctions of mergers and acquisitions.

Star Alliance includes such carriers as Air Canada,Air China,Continental Airlines,Singapore Airlines,and others.Star Alliance is an example of _____.

The following characteristics are all related to acquisitions EXCEPT _____.

_________ occurs when a network exhibits local clusters,each with a high degree centrality.

Strategic alliance partners often exchange personnel to make the acquisition of tacit knowledge possible,because tacit knowledge can ONLY be acquired through actively participating in the process.

The most frequent forms of non-equity alliance include the following EXCEPT _______.

The main value of Oracle's acquisition of PeopleSoft is _____.

A small-world phenomenon is a situation in which a network exhibits _____ clusters,each with a high degree of centrality.

Managerial hubris is a form of self-delusion,in which managers convince themselves of their superior skills in the face of clear evidence to the contrary.

The mergers between Delta and Northwest Airlines,United Airlines and Continental,and Southwest and AirTran _____ in the industry overall.

Horizontal integration can affect several of Porter's five forces for the surviving firms.Which of the following would this include?

If a firm is highly visible and prominent in the cluster and has access to many channels of information,it has a high _____.

Based on Strategy Highlight 9.1,Kraft's hostile takeover of Cadbury was mainly motivated by Kraft's desire for _____.

The reasons firms enter into alliances include all of the following EXCEPT _____.

Which of the following is NOT one of the pros in equity alliance?

_____ is a senior,corporate-level executive responsible for high-level support and oversight.

Acquisitions,alliances,and networks help firms pursue common interests,enhance competitiveness,and increase revenues.

A _____ allows a firm to find novel solutions to thorny problems because she often has access to diverse knowledge,and can link that information to implement solutions in the form of new products or processes.

A merger describes the purchase or takeover of one company by another.

What Is Strategy and Why Is It Important

The Strategic Management Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Internal Analysis: Resources, Capabilities, and Activities

Competitive Advantage and Firm Performance

Business Strategy: Differentiation, Cost Leadership, and Integration

Business Strategy: Innovation and Strategic Entrepreneurship

Corporate Strategy: Vertical Integration and Diversification

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance, Business Ethics, and Strategic Leadership

Filters