Question 1

Southwest Airlines is a very successful low-end disrupter.

Accepted Answer

A) True 
 B)False

Question 2

With ________ options, an entry investment may create opportunities to pursue valuable follow-up projects.

Accepted Answer

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

Question 3

What are some possible pitfalls to the five competitor-response strategies?

Accepted Answer

A word of warning about the five strateg

Question 4

Discuss some of the common characteristics of disruptions caused by competitors who use new business models.

Accepted Answer

When leading companies face new competit

Question 5

What does the strategic management of industry evolution involve?

Accepted Answer

The strategic management of industry evo

Question 6

Incumbent firms can respond to industry dynamism through all of the following strategies except ________.

Accepted Answer

A)  expression 
B)  containment 
C)  neutralization 
D)  annulment 
A)  expression 
B)  containment 
C)  neutralization 
D)  annulment

Question 7

A position in which the exploitation of a resource makes that resource stronger and more resilient is called ________.

Accepted Answer

A)  resource management 
B)  resource-based strategy 
C)  resource-based competitive advantage 
D)  resource-based execution 
A)  resource management 
B)  resource-based strategy 
C)  resource-based competitive advantage 
D)  resource-based execution

Question 8

Which of the following is a characteristic of new entrants' disruptive strategies?

Accepted Answer

A)  These firms emphasize product standardization. 
B)  These firms start out as high-margin businesses. 
C)  These new models are easily imitated. 
D)  These firms can take away market share. 
A)  These firms emphasize product standardization. 
B)  These firms start out as high-margin businesses. 
C)  These new models are easily imitated. 
D)  These firms can take away market share.

Question 9

_____ are an example of downscaling in an industry.

Accepted Answer

A)  microbreweries 
B)  wineries 
C)  family farms 
D)  fast-food restaurants 
A)  microbreweries 
B)  wineries 
C)  family farms 
D)  fast-food restaurants

Question 10

What is the difference between first and second movers?

Accepted Answer

First movers are firms that choose to in

Question 11

Types of revolutionary strategies that can introduce major disruption into an industry include all except ________.

Accepted Answer

A)  reconceiving a product or service 
B)  reconfiguring the value chain 
C)  reconsidering the market 
D)  rescaling the industry 
A)  reconceiving a product or service 
B)  reconfiguring the value chain 
C)  reconsidering the market 
D)  rescaling the industry

Question 12

A new-market disruption that significantly changes the industry value curve by disrupting the expectations of customers by vastly improving product performance is referred to as ________.

Accepted Answer

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

Question 13

Explain the four underlying phases of competitive interaction.

Accepted Answer

There are four underlying phases of comp

Question 14

In the context of a firm's industry evolution, arenas must fit with all but which of the following?

Accepted Answer

A)  resources 
B)  capabilities 
C)  customer base 
D)  dynamic capabilities 
A)  resources 
B)  capabilities 
C)  customer base 
D)  dynamic capabilities

Question 15

Competitive interactions are composed of the interactions between incumbents and the interactions of new entrants and incumbents.

Accepted Answer

A) True 
 B)False

Question 16

What are the conditions under which first-mover advantages diminish and fast-follower advantages increase?

Accepted Answer

In short, first-mover advantages diminis

Question 17

All of the following are categories of real options except ________.

Accepted Answer

A)  new-market options 
B)  growth options 
C)  flexibility options 
D)  exit options 
A)  new-market options 
B)  growth options 
C)  flexibility options 
D)  exit options

Question 18

A position in which the exploitation of a resource makes that resource stronger and more resilient is called resource management.

Accepted Answer

A) True 
 B)False

Question 19

Explain the four basic questions used to discover new-market space outlined in the Four Actions Framework.

Accepted Answer

The key to discovering a new-market spac

Question 20

All of the following may cause a turbulent environment except ________.

Accepted Answer

A)  short product life cycles 
B)  long product design cycles 
C)  new technologies 
D)  incumbent repositioning 
A)  short product life cycles 
B)  long product design cycles 
C)  new technologies 
D)  incumbent repositioning

Southwest Airlines is a very successful low-end disrupter.

With ________ options, an entry investment may create opportunities to pursue valuable follow-up projects.

What are some possible pitfalls to the five competitor-response strategies?

Discuss some of the common characteristics of disruptions caused by competitors who use new business models.

What does the strategic management of industry evolution involve?

Incumbent firms can respond to industry dynamism through all of the following strategies except ________.

A position in which the exploitation of a resource makes that resource stronger and more resilient is called ________.

Which of the following is a characteristic of new entrants' disruptive strategies?

_____ are an example of downscaling in an industry.

What is the difference between first and second movers?

Types of revolutionary strategies that can introduce major disruption into an industry include all except ________.

A new-market disruption that significantly changes the industry value curve by disrupting the expectations of customers by vastly improving product performance is referred to as ________.

Explain the four underlying phases of competitive interaction.

In the context of a firm's industry evolution, arenas must fit with all but which of the following?

Competitive interactions are composed of the interactions between incumbents and the interactions of new entrants and incumbents.

What are the conditions under which first-mover advantages diminish and fast-follower advantages increase?

All of the following are categories of real options except ________.

A position in which the exploitation of a resource makes that resource stronger and more resilient is called resource management.

Explain the four basic questions used to discover new-market space outlined in the Four Actions Framework.

All of the following may cause a turbulent environment except ________.

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

Southwest Airlines is a very successful low-end disrupter.

With ________ options, an entry investment may create opportunities to pursue valuable follow-up projects.

What are some possible pitfalls to the five competitor-response strategies?

Discuss some of the common characteristics of disruptions caused by competitors who use new business models.

What does the strategic management of industry evolution involve?

Incumbent firms can respond to industry dynamism through all of the following strategies except ________.

A position in which the exploitation of a resource makes that resource stronger and more resilient is called ________.

Which of the following is a characteristic of new entrants' disruptive strategies?

_____ are an example of downscaling in an industry.

What is the difference between first and second movers?

Types of revolutionary strategies that can introduce major disruption into an industry include all except ________.

A new-market disruption that significantly changes the industry value curve by disrupting the expectations of customers by vastly improving product performance is referred to as ________.

Explain the four underlying phases of competitive interaction.

In the context of a firm's industry evolution, arenas must fit with all but which of the following?

Competitive interactions are composed of the interactions between incumbents and the interactions of new entrants and incumbents.

What are the conditions under which first-mover advantages diminish and fast-follower advantages increase?

All of the following are categories of real options except ________.

A position in which the exploitation of a resource makes that resource stronger and more resilient is called resource management.

Explain the four basic questions used to discover new-market space outlined in the Four Actions Framework.

All of the following may cause a turbulent environment except ________.

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