Question 1

Which of the following is a limitation of SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis?

Accepted Answer

A) Organizational strengths may not lead to competitive advantage. 
B) The SWOT focus on internal environment is too broad and integrative. 
C) SWOT gives a multi-shot view of a moving target. 
D) SWOT overemphasizes a multiple dimensions of strategy. 
A) Organizational strengths may not lead to competitive advantage. 
B) The SWOT focus on internal environment is too broad and integrative. 
C) SWOT gives a multi-shot view of a moving target. 
D) SWOT overemphasizes a multiple dimensions of strategy.

Question 2

The SWOT analysis can show managers how to achieve a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 3

One advantage of SWOT analysis is that it helps managers to identify strengths that are almost always sources of sustainable competitive advantages.

Accepted Answer

A) True 
 B)False

Question 4

Primary activities contribute to the physical creation of a product or service, its sale and transfer to the buyer, and its service after the sale.

Accepted Answer

A) True 
 B)False

Question 5

For the balanced scorecard implementation to be effective, a set of rules for employees that address continuous process improvement and the personal improvement of individual employees needs to be established so that employees buy-in to the change.

Accepted Answer

A) True 
 B)False

Question 6

In contrast to __________ interactions, which allow the firm to gain insights on the needs of a particular customer, ___________ offers the opportunity to leverage the wisdom of a larger crowd.

Accepted Answer

A) consumer; sourcing 
B) prosumer; outsourcing 
C) prosumer; crowdsourcing 
D) marketing; crowdsourcing 
A) consumer; sourcing 
B) prosumer; outsourcing 
C) prosumer; crowdsourcing 
D) marketing; crowdsourcing

Question 7

The static nature of the SWOT assessment is a positive advantage for it as an evaluation framework.

Accepted Answer

A) True 
 B)False

Question 8

The SWOT framework is sufficient as the primary basis for evaluating the external opportunities and threat of the company.

Accepted Answer

A) True 
 B)False

Question 9

Porsche received a lot of negative feedback when it announced plans to release an SUV, but it went ahead anyway, and the Porsche Cayenne was a great success. This is an example of a peril of making decisions based on crowdsourcing.

Accepted Answer

A) True 
 B)False

Question 10

At times, the difference between manufacturing and service is in providing a customized solution rather than mass production, as is common in manufacturing.

Accepted Answer

A) True 
 B)False

Question 11

The resource-based view of the firm focuses solely on the internal analysis of the operations of the firm.

Accepted Answer

A) True 
 B)False

Question 12

The corporate culture at Southwest airlines is an example of causal ambiguity.

Accepted Answer

A) True 
 B)False

Question 13

The price-earnings ratio is used to measure profitability.

Accepted Answer

A) True 
 B)False

Question 14

Employee exit cost is a factor that can increase employee bargaining power and help him or her appropriate profits of the firm.

Accepted Answer

A) True 
 B)False

Which of the following is a limitation of SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis?

The SWOT analysis can show managers how to achieve a competitive advantage.

One advantage of SWOT analysis is that it helps managers to identify strengths that are almost always sources of sustainable competitive advantages.

Primary activities contribute to the physical creation of a product or service, its sale and transfer to the buyer, and its service after the sale.

For the balanced scorecard implementation to be effective, a set of rules for employees that address continuous process improvement and the personal improvement of individual employees needs to be established so that employees buy-in to the change.

In contrast to interactions, which allow the firm to gain insights on the needs of a particular customer, _ offers the opportunity to leverage the wisdom of a larger crowd.

The static nature of the SWOT assessment is a positive advantage for it as an evaluation framework.

The SWOT framework is sufficient as the primary basis for evaluating the external opportunities and threat of the company.

Porsche received a lot of negative feedback when it announced plans to release an SUV, but it went ahead anyway, and the Porsche Cayenne was a great success. This is an example of a peril of making decisions based on crowdsourcing.

At times, the difference between manufacturing and service is in providing a customized solution rather than mass production, as is common in manufacturing.

The resource-based view of the firm focuses solely on the internal analysis of the operations of the firm.

The corporate culture at Southwest airlines is an example of causal ambiguity.

The price-earnings ratio is used to measure profitability.

Employee exit cost is a factor that can increase employee bargaining power and help him or her appropriate profits of the firm.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 3: Assessing the Internal Environment of the Firm

Which of the following is a limitation of SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis?

The SWOT analysis can show managers how to achieve a competitive advantage.

One advantage of SWOT analysis is that it helps managers to identify strengths that are almost always sources of sustainable competitive advantages.

Primary activities contribute to the physical creation of a product or service, its sale and transfer to the buyer, and its service after the sale.

For the balanced scorecard implementation to be effective, a set of rules for employees that address continuous process improvement and the personal improvement of individual employees needs to be established so that employees buy-in to the change.

In contrast to __________ interactions, which allow the firm to gain insights on the needs of a particular customer, ___________ offers the opportunity to leverage the wisdom of a larger crowd.

The static nature of the SWOT assessment is a positive advantage for it as an evaluation framework.

The SWOT framework is sufficient as the primary basis for evaluating the external opportunities and threat of the company.

Porsche received a lot of negative feedback when it announced plans to release an SUV, but it went ahead anyway, and the Porsche Cayenne was a great success. This is an example of a peril of making decisions based on crowdsourcing.

At times, the difference between manufacturing and service is in providing a customized solution rather than mass production, as is common in manufacturing.

The resource-based view of the firm focuses solely on the internal analysis of the operations of the firm.

The corporate culture at Southwest airlines is an example of causal ambiguity.

The price-earnings ratio is used to measure profitability.

Employee exit cost is a factor that can increase employee bargaining power and help him or her appropriate profits of the firm.

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

In contrast to interactions, which allow the firm to gain insights on the needs of a particular customer, _ offers the opportunity to leverage the wisdom of a larger crowd.