Exam 2: The External and Internal Environments

Organizations that are defenders are more likely to engage in strategic maneuvering than are prospectors.

_____ refers to the process of comparing an organization's practices and technologies with those of other companies.

Which of the following factors is indicated by the fact that it will require a large capital investment to start a new casino?

An organization's macroenvironment includes its customers and suppliers.

Ranier Outdoor Clothing managers engage in an annual organizational assessment,trying to predict industry changes as well as possible opportunities and threats.They look at issues such as who their competitors are,current entry barriers,and what substitutes exist for their products.This assessment is called _____.

The information Margarita is using to compete in a better way is called _____.

Environmental scanning means searching for and sorting through information about the environment.

The information that Jack has collected in his competitive analysis can be referred to as _____.

Which of the following can be a useful clue about an organization's culture?

In a dynamic environment,bureaucratic organizations are more efficient than organic organizations.

Purple Lotus and GreenBolt are two leading e-commerce companies.Recently,Purple Lotus engaged in an online price war with GreenBolt in order to gain greater market share.This is an example of _____ on the part of Purple Lotus.

According to the competing values model,if an organization's culture is internally oriented and flexible and tends to be based on the values and norms associated with affiliation,it could be best described as a(n)_____.

Purple Technology is a communication and information technology corporation.The company makes it a point to stress to its employees that innovation is its core strength.The employees even get an hour a day to brainstorm and come up with out-of-the-box ideas.This highlights the _____ of the company.

To improve customer service in its overseas call center,Jansen Electronics decided to investigate the call center practices of competing companies.The team discovered that a smaller company,Gorilla Devices Inc. ,seemed to have outstanding customer service.The team then determined differences between the organizations and developed a plan to incorporate the best elements of Gorilla into Jansen.This illustrates _____.

Firms that develop strategies that do not include technological advances run the risk of becoming obsolescent.

Explain how technology can help an organization.

_____ occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.

Briefly describe the three categories of options managers and companies have when responding to their environment.

Valley Organic Meats recently announced that it was selling off its pork division in order to realign itself more competitively in the marketing of its other products.Which of the following strategic maneuvers is illustrated in this scenario?

Conditions that may prevent new firms from entering an industry are referred to as _____.