Deck 11: Keeping Focus

Question 1

Changing business models can contribute to:

A)Strategic clarity and purpose
B)Innovation and increased competitiveness
C)Strategy implementation and assessment
D)Increased risk portfolio

Answer 1

B

Question 2

Resistance to taking action comes from all of the following except:

A)Global and national cultures
B)Industrial clusters
C)Individual mindset
D)Organizational factors

Answer 2

B

Question 3

An example of a tactic for being flexible is to:

A)Focus employees on specific projects with explicit directions
B)Eliminate partnership with fellow industry members
C)Increase versatility and quality of employees' skills and experience
D)Invest in non-redeployable assets

Answer 3

C

Question 4

Critical criteria for scenario planning include:

A)Plausible and consistent
B)Indicators sensitive to current market
C)Long term perspective
D)All of the above

Question 5

All of the following increase the value of real options EXCEPT:

A)Increase the present value of expected operation cash flows
B)Decrease uncertainty of expected cash flows
C)Reduce value lost by waiting to make full investment
D)Use a signaling device to various industry players

Question 6

Which of the following is an example of a real option?

A)Futures contract for commodity goods
B)Service partnership established to develop new potential products
C)Option to expand a manufacturing plant's capacity
D)Extending a supplier's contract for 3 years

Question 7

Scenario planning involves:

A)Identifying plausible futures that affect firm's success
B)Projecting the past into the future to assess risk
C)Developing rigid plan to identify risk
D)Identifying best real option and creating solutions

Question 8

Processes that constrain the development of more efficient and effective approaches are :

A)Bottleneck Process
B)Stagnant Process
C)Path dependent
D)Path Ambivalent

Question 9

Open business models are used by firms to:

A)Rely on at least one customer group benefiting from free offer
B)Reduce inventory costs and focus on niche markets
C)Bring together separate, interdependent customers
D)Create and capture value by systematic collaboration

Question 10

Which of the following is TRUE:

A)Top dog strategy firms must realize risk of over-utilization
B)Strategic decisions are easily altered, expensive and rare
C)Strategic limits that appear to limit options can actually benefit firms.
D)Individuals most often use explicit, controlled thinking about environmental issues.