Deck 10: The Industry Context

Question 1

Which perspective, concerning the industry context, best corresponds with Darwin's principle of 'survival of the fittest'?
A.The industry development perspective
B.The industry dynamics perspective
C.The industry leadership perspective
D.The industry evolution perspective.

Answer 1

The industry dynamics perspective

Question 2

The text lists some inhibitors of industry development.Which of the following is NOT listed?
A.Risk-averseness
B.Institutional pressures
C.Industry differentiation
D.Industry integration.

Answer 2

Industry differentiation

Question 3

According to the textbook, what is the paradox of the industry context?
A.Compliance vs.choice
B.Dynamics vs.leadership
C.Shaping vs.adaptation
D.Control vs.chaos.

Answer 3

Compliance vs.choice

Question 4

What does the textbook call the point of view, that the industry context can be moulded in an infinite variety of ways by innovative firms?
A.Industry leadership perspective
B.Industry creation perspective
C.Industry revolution perspective
D.Industry context perspective.

Question 5

Which countries would favour the industry leadership perspective?
A.Countries where the culture is inclined towards an internal locus of control
B.Past-oriented countries where people protect the status quo
C.Countries where the government takes a proactive role protecting weaker parties
D.Countries where firms are more inclined to work in networks.

Question 6

The text distinguish four different topics that are related to the issue of industry development.Which of the following is NOT mentioned?
A.Levels
B.Dimensions
C.Inhibitors
D.Drivers.

Question 7

External change drivers to the industry can be subdivided into the following groups:
A.Socio-cultural, economic, political, and technological
B.Suppliers, buyers, incumbent rivals, new entrants, and substitutes
C.Power structures, industry recipes and institutional pressures
D.Governments, competitors and buyers.

Question 8

Section IV in the book is dedicated to the strategy context, and is mainly concerned with the 'where' question of strategy.What is the main tension in this section?
A.Control and chaos
B.Compliance and choice
C.Shaping and adapting
D.Attractiveness and combativeness.

Question 9

What does the text call the point of view, that industry development is an autonomous process, to which firms must adjust or risk being selected out?
A.Environmental selection perspective
B.Industry development perspective
C.Industry leadership perspective
D.Industry dynamics perspective.

Question 10

When, in an industry, the business model is dominant for a long period of time and is then, suddenly, displaced by a radical new one, this is, according to the text, an example of:
A.Gradual development
B.Continuous development
C.Discontinuous development
D.Hyper-competitive development.