Exam 2: Identifying Competitive Advantages

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A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

(True/False)

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Question 21

What is a competitive advantage?

(Multiple Choice)

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Question 22

Which of the following statements is correct when considering a SWOT analysis?

(Multiple Choice)

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Question 23

Compare Porter's three generic strategies.

(Essay)

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Question 24

There are many different stakeholders found in an organization.Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change.Which of the following is a main concern for the government?

(Multiple Choice)

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Question 25

Which of the following evaluates a project's position?

(Multiple Choice)

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Question 26

The threat of substitute products or services refers to the power of competitors to enter a new market.

(True/False)

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Question 27

Tiffany & Company competes in the marketplace by offering high-cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

(True/False)

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Question 28

If a business is following a focused strategy, then its competitive scope is ________.

(Multiple Choice)

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Question 29

To combat business challenges, leaders communicate and execute business strategies (from the Greek word stratus for army and ago for leading).

(True/False)

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Question 30

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

(True/False)

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Question 31

Which of the following describes a stakeholder?

(Multiple Choice)

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Question 32

Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy.

(True/False)

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Question 33

Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?

(Multiple Choice)

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Question 34

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

(Multiple Choice)

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Question 35

Porter's Five Forces Model outlines the process for a sales strategy.

(True/False)

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Question 36

Businesses rarely need to update business strategies as the business environment remains relatively stable.

(True/False)

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Question 37

Demonstrate how a company can add value by using Porter's value chain analysis.

(Essay)

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Question 38

What is a standardized set of activities that accomplishes a specific task?

(Multiple Choice)

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Question 39

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

(Multiple Choice)

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Question 40

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Exam 2: Identifying Competitive Advantages

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

What is a competitive advantage?

Which of the following statements is correct when considering a SWOT analysis?

Compare Porter's three generic strategies.

There are many different stakeholders found in an organization.Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change.Which of the following is a main concern for the government?

Which of the following evaluates a project's position?

The threat of substitute products or services refers to the power of competitors to enter a new market.

Tiffany & Company competes in the marketplace by offering high-cost custom jewelry.Tiffany & Company is following a broad market and cost leadership strategy.

If a business is following a focused strategy, then its competitive scope is ________.

To combat business challenges, leaders communicate and execute business strategies (from the Greek word stratus for army and ago for leading).

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

Which of the following describes a stakeholder?

Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy.

Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?

MIS can add value to both primary and support activities within a business.Which of the following is not an example of a company adding value by the use of MIS in a support activity?

Porter's Five Forces Model outlines the process for a sales strategy.

Businesses rarely need to update business strategies as the business environment remains relatively stable.

Demonstrate how a company can add value by using Porter's value chain analysis.

What is a standardized set of activities that accomplishes a specific task?

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a cost leadership strategy?

Business Driven Technology

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing and Storing Organizational Information Databases

Accessing Organizational Information Data Warehouses

Understanding Big Data and Its Impact on Business

Enabling the Organization Decision Making

Extending the Organization Supply Chain Management

Building a Customer-Centric Organization Customer Relationship Management

Integrating the Organization From End to End Enterprise Resource Planning

Creating Innovative Organizations

E-business

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Developing Software to Streamline Operations

Methodologies for Supporting Agile Organizations

Managing Organizational Projects

B: Extension: A Business Basics

B: Extension: A Business Process

B: Extension: A Hardware and Software Basics

B: Extension: A Mis Infrastructures

B: Extension: A Networks and Telecommunications

B: Extension: A Information Security

B: Extension: A Ethics

B: Extension: A Operations Management

B: Extension: A Sustainable Mis Infrastructures

B: Extension: A Business Intelligence

B: Extension: A Global Information Systems

B: Extension: A Global Trends

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