Exam 3: Assessing the Internal Environment of the Firm

A variety of firm resources include interpersonal relations among managers in the firm,its culture,and its reputation with its suppliers and customers.Such competitive advantages are based upon

(Multiple Choice)

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Question 61

Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports.The are the inputs,accounting is the operation that adds value,and _ are the outputs.

(Multiple Choice)

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Question 62

Technology development is a much broader concept than research and development.

(True/False)

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Question 63

Sometimes firms become preoccupied with _________ or a key feature of the product or service they are offering and ignore other factors needed for competitive success.

(Multiple Choice)

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Question 64

__________ among organizations is played out over time.

(Multiple Choice)

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Question 65

Strategists who rely on traditional definitions of their industry and competitive environment often focus their sights too ___________ on current customers,technologies,and competitors.

(Multiple Choice)

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Question 66

The internal business perspective of the balanced scorecard answers which of the following questions?

(Multiple Choice)

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Question 67

In conducting a SWOT analysis,a risk for strategists is that they rely on traditional definitions of their industry and competitive environment and therefore focus too narrowly on current competitors.

(True/False)

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Question 68

Which of the following is not an advantage of Just-In-Time inventory systems?

(Multiple Choice)

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Question 69

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

(True/False)

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Question 70

To survive and prosper,managers must not make frequent changes to existing products and services,because it will confuse the customer.

(True/False)

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Question 71

Inventory turnover is a measure of asset utilization.

(True/False)

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Question 72

Support activities provide support for primary activities,but not each other.

(True/False)

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Question 73

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

(True/False)

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Question 74

The innovation and learning perspective of the balanced scorecard answers which of the following questions?

(Multiple Choice)

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Question 75

FedEx employees take computer-based job competency tests every 6 to 12 months in order to identify areas of individual weakness and provide input to a computer database of employee skills.This is an example of a tangible resource.

(True/False)

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Question 76

The internal measures should reflect business processes that have ______ impact on customer satisfaction.These include factors that affect cycle time,quality,employee skills,and productivity.

(Multiple Choice)

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Question 77

The activities that may provide support only to one company may be critical to the primary value-adding activity of another firm.

(True/False)

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Question 78

Ratios that reflect whether or not a firm is efficiently using its resources are known as

(Multiple Choice)

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Question 79

__________ are the competencies or skills that a firm employs to transform inputs into outputs.

(Multiple Choice)

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Question 80

Showing 61 - 80 of 174

A variety of firm resources include interpersonal relations among managers in the firm,its culture,and its reputation with its suppliers and customers.Such competitive advantages are based upon

Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports.The are the inputs,accounting is the operation that adds value,and _ are the outputs.

Technology development is a much broader concept than research and development.

Sometimes firms become preoccupied with _________ or a key feature of the product or service they are offering and ignore other factors needed for competitive success.

__________ among organizations is played out over time.

Strategists who rely on traditional definitions of their industry and competitive environment often focus their sights too ___________ on current customers,technologies,and competitors.

The internal business perspective of the balanced scorecard answers which of the following questions?

In conducting a SWOT analysis,a risk for strategists is that they rely on traditional definitions of their industry and competitive environment and therefore focus too narrowly on current competitors.

Which of the following is not an advantage of Just-In-Time inventory systems?

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

To survive and prosper,managers must not make frequent changes to existing products and services,because it will confuse the customer.

Inventory turnover is a measure of asset utilization.

Support activities provide support for primary activities,but not each other.

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

The innovation and learning perspective of the balanced scorecard answers which of the following questions?

FedEx employees take computer-based job competency tests every 6 to 12 months in order to identify areas of individual weakness and provide input to a computer database of employee skills.This is an example of a tangible resource.

The internal measures should reflect business processes that have ______ impact on customer satisfaction.These include factors that affect cycle time,quality,employee skills,and productivity.

The activities that may provide support only to one company may be critical to the primary value-adding activity of another firm.

Ratios that reflect whether or not a firm is efficiently using its resources are known as

__________ are the competencies or skills that a firm employs to transform inputs into outputs.

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

A variety of firm resources include interpersonal relations among managers in the firm,its culture,and its reputation with its suppliers and customers.Such competitive advantages are based upon

Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports.The __________ are the inputs,accounting is the operation that adds value,and ___________ are the outputs.

Technology development is a much broader concept than research and development.

Sometimes firms become preoccupied with _________ or a key feature of the product or service they are offering and ignore other factors needed for competitive success.

__________ among organizations is played out over time.

Strategists who rely on traditional definitions of their industry and competitive environment often focus their sights too ___________ on current customers,technologies,and competitors.

The internal business perspective of the balanced scorecard answers which of the following questions?

In conducting a SWOT analysis,a risk for strategists is that they rely on traditional definitions of their industry and competitive environment and therefore focus too narrowly on current competitors.

Which of the following is not an advantage of Just-In-Time inventory systems?

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

To survive and prosper,managers must not make frequent changes to existing products and services,because it will confuse the customer.

Inventory turnover is a measure of asset utilization.

Support activities provide support for primary activities,but not each other.

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

The innovation and learning perspective of the balanced scorecard answers which of the following questions?

FedEx employees take computer-based job competency tests every 6 to 12 months in order to identify areas of individual weakness and provide input to a computer database of employee skills.This is an example of a tangible resource.

The internal measures should reflect business processes that have ______ impact on customer satisfaction.These include factors that affect cycle time,quality,employee skills,and productivity.

The activities that may provide support only to one company may be critical to the primary value-adding activity of another firm.

Ratios that reflect whether or not a firm is efficiently using its resources are known as

__________ are the competencies or skills that a firm employs to transform inputs into outputs.

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

Accounting is a sort of transformation process that converts daily records of individual transactions into monthly financial reports.The are the inputs,accounting is the operation that adds value,and _ are the outputs.