Exam 3: The External Assessment

According to Michael Porter, five competitive forces create vital opportunities and threats to organizations: 1) new entrants, 2) substitute products or services, 3) bargaining power of suppliers, 4) bargaining power of buyers, and 5) rivalry among existing firms.

Globalization of industries is occurring for all of these reasons except:

Which sector of the economy would be most impacted by technological developments?

Motor vehicle firms in the United States are vulnerable when the value of the dollar falls.

Globalization is a process of worldwide integration of strategy formulation, implementation and evaluation activities.

An advantage of adopting the Euro is the ability of the country to fix its own interest rate

Competitive intelligence is not considered corporate espionage because 95 percent of the information a company needs to make strategic decisions is available and accessible to the public.

One difference between CPM and EFE is that

The U.S. Air Force is one of the top five buyers of green power.

Who is Japan's largest trading partner

What is the first step in designing an EFE Matrix?

Planning would be impossible without

Significant barriers to entry are not always sufficient to keep some new firms from entering industries with higher-quality products, lower prices and substantial marketing resources.

Regardless of the number of key opportunities and threats included in an External Factor Evaluation Matrix, the highest possible total weighted score for an organization is 4.0, and the lowest possible total weighted score is 0.0.

Learning from the partner is a major reason why U.S. firms enter into cooperative agreements.

In 2006, which company had the dominant market share in the beverages industry?

Americans are on the move in a population shift to

An effective CI program allows all areas of a firm to access consistent and verifiable information in making decisions.

To perform an external audit, a company first must:

The world of biopolitics includes