Question 1

Differentiators are defined as areas where a firm chooses to compete in the marketplace.

Accepted Answer

A) True 
 B)False

Question 2

What are the five elements of the strategy diamond? In a short essay, identify the five elements of strategy and provide an example of each.

Accepted Answer

The first element of the strategy diamon

Question 3

Successful strategies are usually formulated by focusing on a single functional business area.

Accepted Answer

A) True 
 B)False

Question 4

Which type of firm would most likely use corporate-level strategies?

Accepted Answer

A)  firms that compete in only a single business or market segment 
B)  firms that possess superior capabilities 
C)  firms that compete in many diversified or unrelated businesses and industries 
D)  firms that choose to compete in an attractive industry 
A)  firms that compete in only a single business or market segment 
B)  firms that possess superior capabilities 
C)  firms that compete in many diversified or unrelated businesses and industries 
D)  firms that choose to compete in an attractive industry

Question 5

A company decides to expand its business operations overseas. It plans to enter Asia first, followed by Europe and then Africa. This type of planning is an example of which of the following aspects of business strategy?

Accepted Answer

A)  economic logic 
B)  arenas 
C)  vehicles 
D)  staging 
A)  economic logic 
B)  arenas 
C)  vehicles 
D)  staging

Question 6

What are the three main perspectives on competitive advantage and how do they differ?

Accepted Answer

The three main perspectives on competiti

Question 7

A major goal of strategy implementation is to translate good ideas into action and translate actions into good ideas.

Accepted Answer

A) True 
 B)False

Differentiators are defined as areas where a firm chooses to compete in the marketplace.

What are the five elements of the strategy diamond? In a short essay, identify the five elements of strategy and provide an example of each.

Successful strategies are usually formulated by focusing on a single functional business area.

Which type of firm would most likely use corporate-level strategies?

A company decides to expand its business operations overseas. It plans to enter Asia first, followed by Europe and then Africa. This type of planning is an example of which of the following aspects of business strategy?

What are the three main perspectives on competitive advantage and how do they differ?

A major goal of strategy implementation is to translate good ideas into action and translate actions into good ideas.

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

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 1: Introducing Strategic Management

Differentiators are defined as areas where a firm chooses to compete in the marketplace.

What are the five elements of the strategy diamond? In a short essay, identify the five elements of strategy and provide an example of each.

Successful strategies are usually formulated by focusing on a single functional business area.

Which type of firm would most likely use corporate-level strategies?

A company decides to expand its business operations overseas. It plans to enter Asia first, followed by Europe and then Africa. This type of planning is an example of which of the following aspects of business strategy?

What are the three main perspectives on competitive advantage and how do they differ?

A major goal of strategy implementation is to translate good ideas into action and translate actions into good ideas.

Leading Strategically Through Effective Vision and Mission

Examining the Internal Environment: Resources

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

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