Question 1

Which of the following is not one of the possible reasons that late movers survive?

Accepted Answer

A)  the existence of a highly competitive market 
B)  they are protected by government regulation 
C)  they have extensive cash reserves 
D)  they have an oligopolistic industry position 
A)  the existence of a highly competitive market 
B)  they are protected by government regulation 
C)  they have extensive cash reserves 
D)  they have an oligopolistic industry position

Question 2

When new technology is developed by new entrants, incumbent firms face the very real possibility that they will be marginalized or eliminated.

Accepted Answer

A) True 
 B)False

Question 3

Major actions taken by one firm are usually noticed by competitors.

Accepted Answer

A) True 
 B)False

Question 4

Competitive interaction theory suggests that ________.

Accepted Answer

A)  competitive actions will generate reactions 
B)  competitors and suppliers must learn to cohesively interact 
C)  competitive actions will always interact with industry conditions 
D)  competitors must interact with each other to survive 
A)  competitive actions will generate reactions 
B)  competitors and suppliers must learn to cohesively interact 
C)  competitive actions will always interact with industry conditions 
D)  competitors must interact with each other to survive

Question 5

How did the American Medical Association use shaping strategy in its response to chiropractic medicine?

Accepted Answer

Sometimes, of course, it's simply not po

Question 6

All of the following are dimensions causing dynamic contexts except ________.

Accepted Answer

A)  competitive interactions 
B)  industry evolution 
C)  technological disruptions 
D)  staging elements 
A)  competitive interactions 
B)  industry evolution 
C)  technological disruptions 
D)  staging elements

Question 7

What are some of the factors that a firm should consider before choosing a first-mover strategy?

Accepted Answer

Any firm contemplating a first-mover str

Question 8

Managers can use all but which tool to formulate a strategy and hammer out a strategic position?

Accepted Answer

A)  dynamic multiplier model 
B)  industry-structure analysis 
C)  strategy diamond 
D)  VRINE model 
A)  dynamic multiplier model 
B)  industry-structure analysis 
C)  strategy diamond 
D)  VRINE model

Question 9

An important insight from the value net model is that the same player might ________.

Accepted Answer

A)  be the industry leader one year and at the bottom of the industry the next year 
B)  be a winner and a loser in the same transaction 
C)  be a competitor in some interactions but a complementor in others 
D)  grow and compress in the same timeframe 
A)  be the industry leader one year and at the bottom of the industry the next year 
B)  be a winner and a loser in the same transaction 
C)  be a competitor in some interactions but a complementor in others 
D)  grow and compress in the same timeframe

Question 10

Technological change is particularly risky when it primarily affects business processes.

Accepted Answer

A) True 
 B)False

Question 11

Define the concepts of reacting to and anticipating change.

Accepted Answer

Reacting to change means detecting and r

Question 12

A first-mover advantage is valuable under all of the conditions except ________.

Accepted Answer

A)  a firm achieves an absolute cost advantage in terms of scale or scope 
B)  the scale of a firm's first move makes imitation unlikely 
C)  first-time customers may move freely among competing products because of new product preferences 
D)  a firm's image and reputation advantages are hard to imitate at a later date 
A)  a firm achieves an absolute cost advantage in terms of scale or scope 
B)  the scale of a firm's first move makes imitation unlikely 
C)  first-time customers may move freely among competing products because of new product preferences 
D)  a firm's image and reputation advantages are hard to imitate at a later date

Question 13

Effective second movers are sometimes referred to as fast followers.

Accepted Answer

A) True 
 B)False

Question 14

Technological disruptions cause leading firms to fall by the wayside.

Accepted Answer

A) True 
 B)False

Question 15

Stable markets move at a much faster pace than dynamic markets.

Accepted Answer

A) True 
 B)False

Question 16

Real-option investments are attractive to managers in industries that are characterized by ________ and ________.

Accepted Answer

A)  low capital investments; low degrees of uncertainty 
B)  large capital investments; high degrees of uncertainty 
C)  small market share; lots of research and development data 
D)  large market share; little research and development data 
A)  low capital investments; low degrees of uncertainty 
B)  large capital investments; high degrees of uncertainty 
C)  small market share; lots of research and development data 
D)  large market share; little research and development data

Question 17

New firms' business models cannot be imitated quickly by incumbents because of tradeoffs with value-chain activities that are essential to the incumbents.

Accepted Answer

A) True 
 B)False

Question 18

Compare the conventional and new-market-creation strategic mind-sets across dimensions of competition.

Accepted Answer

The answer of Compare the conventional and new-market-creation strategic mind-sets...

Question 19

All of the following are possible types of technological disruptions except ________.

Accepted Answer

A)  process innovations 
B)  service innovations 
C)  application innovations 
D)  business model innovations 
A)  process innovations 
B)  service innovations 
C)  application innovations 
D)  business model innovations

Question 20

Competitive actions generate a narrow range of predictable competitive responses.

Accepted Answer

A) True 
 B)False

Which of the following is not one of the possible reasons that late movers survive?

When new technology is developed by new entrants, incumbent firms face the very real possibility that they will be marginalized or eliminated.

Major actions taken by one firm are usually noticed by competitors.

Competitive interaction theory suggests that ________.

How did the American Medical Association use shaping strategy in its response to chiropractic medicine?

All of the following are dimensions causing dynamic contexts except ________.

What are some of the factors that a firm should consider before choosing a first-mover strategy?

Managers can use all but which tool to formulate a strategy and hammer out a strategic position?

An important insight from the value net model is that the same player might ________.

Technological change is particularly risky when it primarily affects business processes.

Define the concepts of reacting to and anticipating change.

A first-mover advantage is valuable under all of the conditions except ________.

Effective second movers are sometimes referred to as fast followers.

Technological disruptions cause leading firms to fall by the wayside.

Stable markets move at a much faster pace than dynamic markets.

Real-option investments are attractive to managers in industries that are characterized by and .

New firms' business models cannot be imitated quickly by incumbents because of tradeoffs with value-chain activities that are essential to the incumbents.

Compare the conventional and new-market-creation strategic mind-sets across dimensions of competition.

All of the following are possible types of technological disruptions except ________.

Competitive actions generate a narrow range of predictable competitive responses.

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

Which of the following is not one of the possible reasons that late movers survive?

When new technology is developed by new entrants, incumbent firms face the very real possibility that they will be marginalized or eliminated.

Major actions taken by one firm are usually noticed by competitors.

Competitive interaction theory suggests that ________.

How did the American Medical Association use shaping strategy in its response to chiropractic medicine?

All of the following are dimensions causing dynamic contexts except ________.

What are some of the factors that a firm should consider before choosing a first-mover strategy?

Managers can use all but which tool to formulate a strategy and hammer out a strategic position?

An important insight from the value net model is that the same player might ________.

Technological change is particularly risky when it primarily affects business processes.

Define the concepts of reacting to and anticipating change.

A first-mover advantage is valuable under all of the conditions except ________.

Effective second movers are sometimes referred to as fast followers.

Technological disruptions cause leading firms to fall by the wayside.

Stable markets move at a much faster pace than dynamic markets.

Real-option investments are attractive to managers in industries that are characterized by ________ and ________.

New firms' business models cannot be imitated quickly by incumbents because of tradeoffs with value-chain activities that are essential to the incumbents.

Compare the conventional and new-market-creation strategic mind-sets across dimensions of competition.

All of the following are possible types of technological disruptions except ________.

Competitive actions generate a narrow range of predictable competitive responses.

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

Real-option investments are attractive to managers in industries that are characterized by and .