Question 1

The four actions framework includes all of the following actions except ________.

Accepted Answer

A)  reduce 
B)  eliminate 
C)  raise 
D)  reject 
A)  reduce 
B)  eliminate 
C)  raise 
D)  reject D

Question 2

With ________ options, serving markets on two continents by building two plants instead of one gives a firm the option of switching production from one plant to the other as conditions dictate.

Accepted Answer

A)  waiting-to-invest 
B)  growth 
C)  flexibility 
D)  learning 
A)  waiting-to-invest 
B)  growth 
C)  flexibility 
D)  learning C

Question 3

When a threat is identified in an early stage, the most appropriate competitor-response strategy is ________.

Accepted Answer

A)  containment 
B)  absorption 
C)  shaping 
D)  neutralization 
A)  containment 
B)  absorption 
C)  shaping 
D)  neutralization A

Question 4

What are the four key words of the four-actions framework?

Accepted Answer

The key to discovering a new v

Question 5

Instead of retaliation, incumbent firms may strategically decide that ________ is the best course of action.

Accepted Answer

A)  ignoring new competition 
B)  waiting for uncertainty to clear 
C)  cutting off growth possibilities 
D)  cooperation 
A)  ignoring new competition 
B)  waiting for uncertainty to clear 
C)  cutting off growth possibilities 
D)  cooperation

Question 6

Change drivers are not impacted by the speed of change.

Accepted Answer

A) True 
 B)False

Question 7

What are the four ways that competitive action may be initiated in phase 1?

Accepted Answer

Competitive action can be in initiated i

Question 8

Interactions caused by new entrants in an industry are a severe source of dynamism when the entrants introduce a strategy that varies significantly from those used by incumbents.

Accepted Answer

A) True 
 B)False

Question 9

The purpose of the ________ strategy is to minimize the risks entailed by being either a first mover or an imitator.

Accepted Answer

A)  containment 
B)  absorption 
C)  shaping 
D)  annulment 
A)  containment 
B)  absorption 
C)  shaping 
D)  annulment

Question 10

Antitrust laws make it easier to contain or neutralize the growth of a new product.

Accepted Answer

A) True 
 B)False

Question 11

Incumbents who use new-market strategies shift competitive focus to the task of redefining the business model for a part of the existing market.

Accepted Answer

A) True 
 B)False

Question 12

First movers always attain dominant market positions.

Accepted Answer

A) True 
 B)False

Question 13

Commoditization is the process by which industry wide sales depend more on price and less on unique product features.

Accepted Answer

A) True 
 B)False

Question 14

Complementors ________ in an industry.

Accepted Answer

A)  decrease the total profits 
B)  increase competition 
C)  increase the total profits 
D)  decrease competition 
A)  decrease the total profits 
B)  increase competition 
C)  increase the total profits 
D)  decrease competition

Question 15

What are the five types of revolutionary strategies that can introduce dynamic change into an industry?

Accepted Answer

The five types of revolutionary strategi

Question 16

Research on strategy in hypercompetitive environments is typically anchored in all of the following except the ________.

Accepted Answer

A)  systems theory 
B)  chaos theory 
C)  adaptation theory 
D)  complexity theory 
A)  systems theory 
B)  chaos theory 
C)  adaptation theory 
D)  complexity theory

Question 17

Slotting fees are the fees that suppliers pay for access to retailers' shelf space.

Accepted Answer

A) True 
 B)False

Question 18

Research suggests that revolutionary strategies that can introduce dynamic change tend to fall into one of three categories that include all except ________.

Accepted Answer

A)  mid-term disruptions 
B)  high-end disruptions 
C)  low-end disruptions 
D)  hybrid 
A)  mid-term disruptions 
B)  high-end disruptions 
C)  low-end disruptions 
D)  hybrid

Question 19

New-market creation emphasizes actions and capabilities that are determined by competitors' moves.

Accepted Answer

A) True 
 B)False

Question 20

Why isn't the lag of second movers necessarily detrimental?

Accepted Answer

Being a second mover doesn't necessarily

The four actions framework includes all of the following actions except ________.

With ________ options, serving markets on two continents by building two plants instead of one gives a firm the option of switching production from one plant to the other as conditions dictate.

When a threat is identified in an early stage, the most appropriate competitor-response strategy is ________.

What are the four key words of the four-actions framework?

Instead of retaliation, incumbent firms may strategically decide that ________ is the best course of action.

Change drivers are not impacted by the speed of change.

What are the four ways that competitive action may be initiated in phase 1?

Interactions caused by new entrants in an industry are a severe source of dynamism when the entrants introduce a strategy that varies significantly from those used by incumbents.

The purpose of the ________ strategy is to minimize the risks entailed by being either a first mover or an imitator.

Antitrust laws make it easier to contain or neutralize the growth of a new product.

Incumbents who use new-market strategies shift competitive focus to the task of redefining the business model for a part of the existing market.

First movers always attain dominant market positions.

Commoditization is the process by which industry wide sales depend more on price and less on unique product features.

Complementors ________ in an industry.

What are the five types of revolutionary strategies that can introduce dynamic change into an industry?

Research on strategy in hypercompetitive environments is typically anchored in all of the following except the ________.

Slotting fees are the fees that suppliers pay for access to retailers' shelf space.

Research suggests that revolutionary strategies that can introduce dynamic change tend to fall into one of three categories that include all except ________.

New-market creation emphasizes actions and capabilities that are determined by competitors' moves.

Why isn't the lag of second movers necessarily detrimental?

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters

Exam 6: Crafting Business Strategy of Dynamic Contexts

The four actions framework includes all of the following actions except ________.

With ________ options, serving markets on two continents by building two plants instead of one gives a firm the option of switching production from one plant to the other as conditions dictate.

When a threat is identified in an early stage, the most appropriate competitor-response strategy is ________.

What are the four key words of the four-actions framework?

Instead of retaliation, incumbent firms may strategically decide that ________ is the best course of action.

Change drivers are not impacted by the speed of change.

What are the four ways that competitive action may be initiated in phase 1?

Interactions caused by new entrants in an industry are a severe source of dynamism when the entrants introduce a strategy that varies significantly from those used by incumbents.

The purpose of the ________ strategy is to minimize the risks entailed by being either a first mover or an imitator.

Antitrust laws make it easier to contain or neutralize the growth of a new product.

Incumbents who use new-market strategies shift competitive focus to the task of redefining the business model for a part of the existing market.

First movers always attain dominant market positions.

Commoditization is the process by which industry wide sales depend more on price and less on unique product features.

Complementors ________ in an industry.

What are the five types of revolutionary strategies that can introduce dynamic change into an industry?

Research on strategy in hypercompetitive environments is typically anchored in all of the following except the ________.

Slotting fees are the fees that suppliers pay for access to retailers' shelf space.

Research suggests that revolutionary strategies that can introduce dynamic change tend to fall into one of three categories that include all except ________.

New-market creation emphasizes actions and capabilities that are determined by competitors' moves.

Why isn't the lag of second movers necessarily detrimental?

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

Filters