Exam 3: The External Assessment

Agree or disagree with and discuss) the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

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(Essay)

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Question 1

Correct Answer:

Verified

Agree. Firms need an effective competitive intelligence CI) program. The three basic missions of a CI program are 1) to provide a general understanding of an industry and its competitors, 2) to identify areas in which competitors are vulnerable and to assess the impact strategic actions would have on competitors and 3) to identify potential moves a competitor might make that would endanger a firm's position in the market. An effective CI program allows all areas of a firm to access consistent and verifiable information in making decisions.

The United States is getting older and less Caucasian.

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(True/False)

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Question 2

Correct Answer:

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True

In general, what happens to American goods in overseas markets when there is a strong dollar?

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(Multiple Choice)

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Question 3

Correct Answer:

Verified

Which of the following is not a characteristic that describes the most competitive companies in America?

(Multiple Choice)

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Question 4

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms

(Multiple Choice)

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Question 5

Discuss the following statement: "Planning would be impossible without assumptions."

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Question 6

Quantitative forecasts become less accurate as historical relationships become less stable.

(True/False)

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Question 7

Linear regression is based on the assumption that the future will be different from the past.

(True/False)

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Question 8

Discuss the process of performing an external audit.

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Question 9

Pepsi Bottling is the top beverage company in the U.S.

(True/False)

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Question 10

To perform an external audit, a company first must gather competitive intelligence and information about social, cultural, demographic, environmental, economic, political, legal, governmental and technological trends.

(True/False)

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Question 11

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

(True/False)

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Question 12

Economic factors do not have much impact on the attractiveness of strategies.

(True/False)

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Question 13

Because companies are fearful of corporate espionage, cooperative agreements between competitors are becoming less popular.

(True/False)

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Question 14

What happens to the demand for discretionary goods when interest rates rise?

(Multiple Choice)

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Question 15

Collecting and evaluating information on competitors is essential for successful

(Multiple Choice)

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Question 16

___________ is not a basic mission of a competitive intelligence program.

(Multiple Choice)

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Question 17

In the United States, the population has been moving from the south and west to the Northeast and Midwest.

(True/False)

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Question 18

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

(Multiple Choice)

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Question 19

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

(Essay)

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Question 20

Showing 1 - 20 of 128

Agree or disagree with and discuss) the following statement: "Corporate intelligence is not corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public."

The United States is getting older and less Caucasian.

In general, what happens to American goods in overseas markets when there is a strong dollar?

Which of the following is not a characteristic that describes the most competitive companies in America?

Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms

Discuss the following statement: "Planning would be impossible without assumptions."

Quantitative forecasts become less accurate as historical relationships become less stable.

Linear regression is based on the assumption that the future will be different from the past.

Discuss the process of performing an external audit.

Pepsi Bottling is the top beverage company in the U.S.

To perform an external audit, a company first must gather competitive intelligence and information about social, cultural, demographic, environmental, economic, political, legal, governmental and technological trends.

Research findings suggest that a greater percentage of a firm's profitability can be explained by the industry than can be explained by the firm's internal factors.

Economic factors do not have much impact on the attractiveness of strategies.

Because companies are fearful of corporate espionage, cooperative agreements between competitors are becoming less popular.

What happens to the demand for discretionary goods when interest rates rise?

Collecting and evaluating information on competitors is essential for successful

___________ is not a basic mission of a competitive intelligence program.

In the United States, the population has been moving from the south and west to the Northeast and Midwest.

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force.

The Nature of Strategic Management

The Business Vision and Mission

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Financeaccounting, RD, and Mis Issues

Strategy Review, Evaluation, and Control

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