Exam 2: Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages

Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.

(True/False)

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Question 41

Rivalry will be most intense when there is a lack of differentiation or switching costs.

(True/False)

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Question 42

Strategic groups consist of ________________.

(Multiple Choice)

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Question 43

Reintermediation is responsible for an overall reduction in business opportunities.

(True/False)

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Question 44

Competitive intelligence generally does not benefit very much from gathering information on competitors from sources in the public domain.

(True/False)

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Question 45

In the Five-Forces model,conditions under which a supplier group can be powerful include all the following EXCEPT:

(Multiple Choice)

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Question 46

Scenario planning is usually concerned with short-term forecasts.

(True/False)

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Question 47

Even with all of the advances in recent years,forecasting is typically considered more of an art than a science and it is of little use in generating accurate predictions.

(True/False)

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Question 48

Product differentiation by incumbents act as an entry barrier because __________.

(Multiple Choice)

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Question 49

All of the following are important elements of the political/legal segment of the general environment EXCEPT:

(Multiple Choice)

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Question 50

There is generally a weak relationship between equity markets (e.g.,New York Stock Exchange)and economic indicators.

(True/False)

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Question 51

The Internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions.

(True/False)

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Question 52

The opportunities and threats of a SWOT analysis refer to the internal conditions of the firm.

(True/False)

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Question 53

In some industries,high switching costs can act as an important barrier to entry.

(True/False)

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Question 54

_____________ tracks the evolution of environmental trends,sequences of events,or streams of activities.

(Multiple Choice)

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Question 55

The Porter Five-Forces model is designed to help us understand how social attitudes and cultural values impact U.S.businesses. E. Porter has been the most commonly used analytical tool for examining the competitive environment. It describes the competitive environment in terms of five basic competitive forces.

(True/False)

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Question 56

The Internet heightens the threat of substitutes because it creates new ways to accomplish the same task.

(True/False)

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Question 57

Larger numbers of women entering the work force since the early 1970s is an example of ______.

(Multiple Choice)

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Question 58

Competitor Intelligence (CI)is a tool that can provide management with early warnings about both threats and opportunities.

(True/False)

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Question 59

The Internet is a leading component in the rising emergence of digital technology.

(True/False)

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Question 60

Showing 41 - 60 of 99

Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.

Rivalry will be most intense when there is a lack of differentiation or switching costs.

Strategic groups consist of ________________.

Reintermediation is responsible for an overall reduction in business opportunities.

Competitive intelligence generally does not benefit very much from gathering information on competitors from sources in the public domain.

In the Five-Forces model,conditions under which a supplier group can be powerful include all the following EXCEPT:

Scenario planning is usually concerned with short-term forecasts.

Even with all of the advances in recent years,forecasting is typically considered more of an art than a science and it is of little use in generating accurate predictions.

Product differentiation by incumbents act as an entry barrier because __________.

All of the following are important elements of the political/legal segment of the general environment EXCEPT:

There is generally a weak relationship between equity markets (e.g.,New York Stock Exchange)and economic indicators.

The Internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions.

The opportunities and threats of a SWOT analysis refer to the internal conditions of the firm.

In some industries,high switching costs can act as an important barrier to entry.

_____________ tracks the evolution of environmental trends,sequences of events,or streams of activities.

The Internet heightens the threat of substitutes because it creates new ways to accomplish the same task.

Larger numbers of women entering the work force since the early 1970s is an example of ______.

Competitor Intelligence (CI)is a tool that can provide management with early warnings about both threats and opportunities.

The Internet is a leading component in the rising emergence of digital technology.

Strategic Management: Creating Competitiveadvantages

Assessing the Internal Environmentof the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources

Business-Level Strategy: Creating Andsustaining Competitive Advantages

Corporate-Level Strategy: Creatingvalue Through Diversification

International Strategy: Creating Valuein Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporategovernance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fosteringcorporate Entrepreneurship

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