Question 1

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

Accepted Answer

A)  valuable, rare, imperfectly imitable and unique 
B)  invaluable, common, imperfectly imitable and difficult to substitute 
C)  valuable, common, perfectly imitable and difficult to substitute 
D)  valuable, rare, imperfectly imitable and easy to substitute 
A)  valuable, rare, imperfectly imitable and unique 
B)  invaluable, common, imperfectly imitable and difficult to substitute 
C)  valuable, common, perfectly imitable and difficult to substitute 
D)  valuable, rare, imperfectly imitable and easy to substitute

Question 2

The first model of strategy developed at Harvard Business School proposed an exclusive role for the CEO.

Accepted Answer

A) True 
 B)False

Question 3

It is NOT an assumption of organisational theory that:

Accepted Answer

A)  the fundamental unit of analysis is the individual 
B)  individuals have different attitudes due to environment and heredity 
C)  organisational characteristics influence individual behaviour 
D)  organisational goals arise from interactions between it and individuals 
A)  the fundamental unit of analysis is the individual 
B)  individuals have different attitudes due to environment and heredity 
C)  organisational characteristics influence individual behaviour 
D)  organisational goals arise from interactions between it and individuals

Question 4

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

Accepted Answer

A)  shareholders 
B)  local communities 
C)  the natural environment 
D)  all of the above 
A)  shareholders 
B)  local communities 
C)  the natural environment 
D)  all of the above

Question 5

The discipline that has been the source of most theoretical work on strategy is:

Accepted Answer

A)  economics 
B)  organisational behaviour 
C)  organisational theory 
D)  all of the above 
A)  economics 
B)  organisational behaviour 
C)  organisational theory 
D)  all of the above

Question 6

The Boston Consulting Group (BCG)developed a 2 x 2 business portfolio matrix.

Accepted Answer

A) True 
 B)False

Question 7

De Geus argued that the main reason most organisations did not survive for very long was that they had:

Accepted Answer

A)  limited experience 
B)  poorly trained employees 
C)  outdated technology 
D)  a learning disability 
A)  limited experience 
B)  poorly trained employees 
C)  outdated technology 
D)  a learning disability

Question 8

According to agency theory,organisational underperformance is due to excessive competition.

Accepted Answer

A) True 
 B)False

Question 9

There are three levels of strategy.

Accepted Answer

A) True 
 B)False

Question 10

The essential question in strategy is to maximise profitability.

Accepted Answer

A) True 
 B)False

Question 11

Hubbard,Rice and Galvin's strategy model has three major components: environment,strategy and capability.

Accepted Answer

A) True 
 B)False

Question 12

Cooperative strategy envisages groups of firms competing with one another.

Accepted Answer

A) True 
 B)False

Question 13

The three levels of strategy are:

Accepted Answer

A)  functional, business, corporate 
B)  global, national, corporate 
C)  external, internal, individual 
D)  industry, corporation, divisional 
A)  functional, business, corporate 
B)  global, national, corporate 
C)  external, internal, individual 
D)  industry, corporation, divisional

Question 14

The acronym ESC in 'ESC gap analysis model' stands for:

Accepted Answer

A)  environmentally sustainable capability 
B)  economics-sociology-culture 
C)  environment-strategy-capacity 
D)  environment-strategy-capability 
A)  environmentally sustainable capability 
B)  economics-sociology-culture 
C)  environment-strategy-capacity 
D)  environment-strategy-capability

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

The first model of strategy developed at Harvard Business School proposed an exclusive role for the CEO.

It is NOT an assumption of organisational theory that:

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

The discipline that has been the source of most theoretical work on strategy is:

The Boston Consulting Group (BCG)developed a 2 x 2 business portfolio matrix.

De Geus argued that the main reason most organisations did not survive for very long was that they had:

According to agency theory,organisational underperformance is due to excessive competition.

There are three levels of strategy.

The essential question in strategy is to maximise profitability.

Hubbard,Rice and Galvin's strategy model has three major components: environment,strategy and capability.

Cooperative strategy envisages groups of firms competing with one another.

The three levels of strategy are:

The acronym ESC in 'ESC gap analysis model' stands for:

Analysing business strategy: creating value

Analysing the external environment

Analysing the organisation’s resources and capabilities

Measuring strategic organisation performance

Gap analysis and business-level strategic options

Strategic decision making

Dynamic competitive strategy

Corporate/multi-business strategy

Acquisitions and alliances

International strategy

Capabilities,systems and structure

Leadership,people and culture

Change management

Filters

Exam 1: What is ‘strategy’?

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

The first model of strategy developed at Harvard Business School proposed an exclusive role for the CEO.

It is NOT an assumption of organisational theory that:

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

The discipline that has been the source of most theoretical work on strategy is:

The Boston Consulting Group (BCG)developed a 2 x 2 business portfolio matrix.

De Geus argued that the main reason most organisations did not survive for very long was that they had:

According to agency theory,organisational underperformance is due to excessive competition.

There are three levels of strategy.

The essential question in strategy is to maximise profitability.

Hubbard,Rice and Galvin's strategy model has three major components: environment,strategy and capability.

Cooperative strategy envisages groups of firms competing with one another.

The three levels of strategy are:

The acronym ESC in 'ESC gap analysis model' stands for:

Analysing business strategy: creating value

Analysing the external environment

Analysing the organisation’s resources and capabilities

Measuring strategic organisation performance

Gap analysis and business-level strategic options

Strategic decision making

Dynamic competitive strategy

Corporate/multi-business strategy

Acquisitions and alliances

International strategy

Capabilities,systems and structure

Leadership,people and culture

Change management

Filters