Question 1

If a firm can devise a brilliant strategy,it will be successful irrespective of how effectively it is implemented.

Accepted Answer

A) True 
 B)False

Question 2

Game theory is a useful for studying competitive behavior in politics,military campaigns and international relations,but it cannot be used to analyze business strategies.

Accepted Answer

A) True 
 B)False

Question 3

During the 21st century,the complexity of the challenges posed by disruptive,digital technologies and accelerating rates of change have encouraged companies to:

Accepted Answer

A) Shift their strategic focus towards the growth markets of Asia,Africa,and Latin America. 
B) Rejecting shareholder value maximization in favor of maximizing stakeholder interests 
C) Depend increasingly upon strategic alliances and other forms of collaboration 
D) Prefer mergers and acquisitions to organic growth. 
A) Shift their strategic focus towards the growth markets of Asia,Africa,and Latin America. 
B) Rejecting shareholder value maximization in favor of maximizing stakeholder interests 
C) Depend increasingly upon strategic alliances and other forms of collaboration 
D) Prefer mergers and acquisitions to organic growth.

Question 4

The relationship between design and emergence in strategy making is best described as:

Accepted Answer

A) An interactive process between strategic planners and line managers 
B) A tension between the forces of centralization and decentralization 
C) A process in which intended strategy is adapted as it is implemented 
D) An example of the agency problem in which the interests of salaried managers displace the interests of owners 
A) An interactive process between strategic planners and line managers 
B) A tension between the forces of centralization and decentralization 
C) A process in which intended strategy is adapted as it is implemented 
D) An example of the agency problem in which the interests of salaried managers displace the interests of owners

Question 5

The main factor causing the transition from corporate planning to strategic management was the increasing inability of companies to forecast economic conditions four or five years into the future.

Accepted Answer

A) True 
 B)False

Question 6

Strategic goals should be:

Accepted Answer

A) Simple 
B) Consistent 
C) Long term 
D) All of the above 
A) Simple 
B) Consistent 
C) Long term 
D) All of the above

Question 7

The two questions of "where" and "how" to compete define:

Accepted Answer

A) A firm's corporate and business strategies 
B) A firm's strategic management process 
C) A firm's vision and mission 
D) A firm's values and culture 
A) A firm's corporate and business strategies 
B) A firm's strategic management process 
C) A firm's vision and mission 
D) A firm's values and culture

Question 8

Military strategy and business strategy differ in that:

Accepted Answer

A) There is no concept like tactics in business 
B) Military strategy can only be learned through field experience;business strategy can be developed through analytical frameworks 
C) The objective of military strategy is to defeat the enemy;most business strategies seek coexistence rather than annihilation 
D) None - there is no conceptual difference 
A) There is no concept like tactics in business 
B) Military strategy can only be learned through field experience;business strategy can be developed through analytical frameworks 
C) The objective of military strategy is to defeat the enemy;most business strategies seek coexistence rather than annihilation 
D) None - there is no conceptual difference

Question 9

Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

Accepted Answer

A) True 
 B)False

Question 10

In the late 1970s and early 1980s,Michael Porter pioneered:

Accepted Answer

A) The application of industrial organization economics to strategic management 
B) Empirical research into the relationship between market share and firm profitability 
C) The resource-based view of the firm 
D) The application of game theory to competitive analysis 
A) The application of industrial organization economics to strategic management 
B) Empirical research into the relationship between market share and firm profitability 
C) The resource-based view of the firm 
D) The application of game theory to competitive analysis

If a firm can devise a brilliant strategy,it will be successful irrespective of how effectively it is implemented.

Game theory is a useful for studying competitive behavior in politics,military campaigns and international relations,but it cannot be used to analyze business strategies.

During the 21st century,the complexity of the challenges posed by disruptive,digital technologies and accelerating rates of change have encouraged companies to:

The relationship between design and emergence in strategy making is best described as:

The main factor causing the transition from corporate planning to strategic management was the increasing inability of companies to forecast economic conditions four or five years into the future.

Strategic goals should be:

The two questions of "where" and "how" to compete define:

Military strategy and business strategy differ in that:

Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

In the late 1970s and early 1980s,Michael Porter pioneered:

Goals, Values, and Performance

Industry Analysis: the Fundamentals

Further Topics in Industry and Competitive Analysis

Analyzing Resources and Capabilities

A : The Sources and Dimensions of Competitive Advantage

B :The Sources and Dimensions of Competitive Advantage

Industry Evolution and Strategic Change

Technology-Based Industries and the Management of Innovation

Vertical Integration and the Scope of the Firm

Global Strategy and the Multinational Corporation

Diversification Strategy

Implementing Corporate Strategy: Managing the Multibusiness Firm

External Growth Strategies: Mergers, Acquisitions, and Alliances

Current Trends in Strategic Management

Filters

Exam 1: The Concept of Strategy

If a firm can devise a brilliant strategy,it will be successful irrespective of how effectively it is implemented.

Game theory is a useful for studying competitive behavior in politics,military campaigns and international relations,but it cannot be used to analyze business strategies.

During the 21st century,the complexity of the challenges posed by disruptive,digital technologies and accelerating rates of change have encouraged companies to:

The relationship between design and emergence in strategy making is best described as:

The main factor causing the transition from corporate planning to strategic management was the increasing inability of companies to forecast economic conditions four or five years into the future.

Strategic goals should be:

The two questions of "where" and "how" to compete define:

Military strategy and business strategy differ in that:

Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

In the late 1970s and early 1980s,Michael Porter pioneered:

Goals, Values, and Performance

Industry Analysis: the Fundamentals

Further Topics in Industry and Competitive Analysis

Analyzing Resources and Capabilities

A : The Sources and Dimensions of Competitive Advantage

B :The Sources and Dimensions of Competitive Advantage

Industry Evolution and Strategic Change

Technology-Based Industries and the Management of Innovation

Vertical Integration and the Scope of the Firm

Global Strategy and the Multinational Corporation

Diversification Strategy

Implementing Corporate Strategy: Managing the Multibusiness Firm

External Growth Strategies: Mergers, Acquisitions, and Alliances

Current Trends in Strategic Management

Filters