Question 1

Which of the following is an example of core capabilities of an organization?

Accepted Answer

A) The organization's balance sheet. 
B) The organization's overhead costs. 
C) The popularity of products and services sold by the organization 
D) The organization's customer share. 
E) The organization's skill in maintaining large inventories effectively. 
A) The organization's balance sheet. 
B) The organization's overhead costs. 
C) The popularity of products and services sold by the organization 
D) The organization's customer share. 
E) The organization's skill in maintaining large inventories effectively.

Question 2

_____ are companies that have a small share of a slow-growing market.

Accepted Answer

A) Stars 
B) Dogs 
C) Cash cows 
D) Question marks 
E) Core firms 
A) Stars 
B) Dogs 
C) Cash cows 
D) Question marks 
E) Core firms

Question 3

Most companies compete directly with all the firms in their industry.

Accepted Answer

A) True 
 B)False

Question 4

A competitive advantage becomes a sustainable competitive advantage when other companies cannot duplicate the value a firm is providing to customers.

Accepted Answer

A) True 
 B)False

Question 5

_____ consists of the strategic actions that a company takes to return to a growth strategy.

Accepted Answer

A) Stability 
B) ​Recovery 
C) Portfolio 
D) Focus 
E) Differentiation 
A) Stability 
B) ​Recovery 
C) Portfolio 
D) Focus 
E) Differentiation

Question 6

Reactors follow the consistent strategy of anticipating and reacting to potential external opportunities and threats prior to their occurrence.

Accepted Answer

A) True 
 B)False

Question 7

Which of the adaptive strategies tends to result in the poorest performance?

Accepted Answer

A) Niche marketers 
B) Analyzers 
C) Prospectors 
D) Defenders 
E) Reactors 
A) Niche marketers 
B) Analyzers 
C) Prospectors 
D) Defenders 
E) Reactors

Question 8

​Briefly describe the BCG Matrix and how it is used. Include in your description the types of recommendations that result from use of the BCG Matrix.

Accepted Answer

The BCG Matrix is a portfolio strategy d

Question 9

If retrenchment works, it is typically followed by a stability strategy.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is an example of a common approach to corporate- level strategy?

Accepted Answer

A) Positioning strategies 
B) Adaptive strategies 
C) ROI strategies 
D) Grand strategies 
E) Focus strategies 
A) Positioning strategies 
B) Adaptive strategies 
C) ROI strategies 
D) Grand strategies 
E) Focus strategies

Question 11

Because of slowing sales, Ace Glue started promoting innovative uses for its all-purpose glue. By searching for new market opportunities, the manufacturer of Ace Glue is using which type of adaptive strategy?

Accepted Answer

A) Defending 
B) Cost leading 
C) Analyzing 
D) Reacting 
E) Prospecting 
A) Defending 
B) Cost leading 
C) Analyzing 
D) Reacting 
E) Prospecting

Question 12

Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

Accepted Answer

A) The resources must be easily available. 
B) The resources must be rare. 
C) The resources must be obsolete. 
D) The resources must be duplicable. 
E) The resources must be substitutable. 
A) The resources must be easily available. 
B) The resources must be rare. 
C) The resources must be obsolete. 
D) The resources must be duplicable. 
E) The resources must be substitutable.

Question 13

An industry-level strategy that is best suited to changes in the organization's external environment is a(n)_____ strategy.

Accepted Answer

A) positioning 
B) differentiation 
C) growth 
D) adaptive 
E) diversification 
A) positioning 
B) differentiation 
C) growth 
D) adaptive 
E) diversification

Question 14

_____ means producing a product or service of acceptable quality at consistently lower production charges than competitors so that the firm can offer the product or service at the lowest price in the industry.

Accepted Answer

A) Intrapreneurship 
B) Divestment 
C) Niche leadership 
D) Cost leadership 
E) Differentiation 
A) Intrapreneurship 
B) Divestment 
C) Niche leadership 
D) Cost leadership 
E) Differentiation

Question 15

The threat of substitute products or services is a measure of the ease with which customers can find substitutes for an industry's goods or services.

Accepted Answer

A) True 
 B)False

Question 16

BallGame manufactures A1 golf balls and prices these balls at about three times what ordinary golf balls cost. The A1 ball sells exceptionally well because customers perceive its patented three-layer construction to improve handling and increase distance. None of the other golf ball manufacturers can produce the same quality. The patent on these golf balls gives BallGame a(n) _____.

Accepted Answer

A) sustainable competitive advantage 
B) aggregate marketing strategy 
C) anticompetitive advantage 
D) technological lockout 
E) customer defection 
A) sustainable competitive advantage 
B) aggregate marketing strategy 
C) anticompetitive advantage 
D) technological lockout 
E) customer defection

Question 17

According to Michael Porter, five industry forces determine an industry's overall attractiveness and potential for long-term profitability. Which of the following is one of those forces Porter identified?

Accepted Answer

A) Existence of complementary products 
B) Organizational structure 
C) Existing benchmarks 
D) Span of management 
E) ​Bargaining power of suppliers 
A) Existence of complementary products 
B) Organizational structure 
C) Existing benchmarks 
D) Span of management 
E) ​Bargaining power of suppliers

Question 18

​A company that is seeking to grow by taking risks and looking for innovations is best characterized as a(n) _____.

Accepted Answer

A) ​analyzer 
B) ​reactor 
C) ​innovator 
D) ​​prospector 
E) ​defender 
A) ​analyzer 
B) ​reactor 
C) ​innovator 
D) ​​prospector 
E) ​defender

Question 19

Which of the following is NOT one of the five industry forces that determine an industry's overall attractiveness and potential for long-term profitability?

Accepted Answer

A) Character of the rivalry 
B) Organizational synergy 
C) Bargaining power of suppliers 
D) Threat of substitute products 
E) Bargaining power of buyers 
A) Character of the rivalry 
B) Organizational synergy 
C) Bargaining power of suppliers 
D) Threat of substitute products 
E) Bargaining power of buyers

Question 20

Under conditions of _____, a competitive attack by a rival is more likely to produce sustained competitive advantage.

Accepted Answer

A) high market commonality 
B) high competitive autonomy 
C) high resource similarity 
D) low resource similarity 
E) low market commonality 
A) high market commonality 
B) high competitive autonomy 
C) high resource similarity 
D) low resource similarity 
E) low market commonality

Which of the following is an example of core capabilities of an organization?

_____ are companies that have a small share of a slow-growing market.

Most companies compete directly with all the firms in their industry.

A competitive advantage becomes a sustainable competitive advantage when other companies cannot duplicate the value a firm is providing to customers.

_____ consists of the strategic actions that a company takes to return to a growth strategy.

Reactors follow the consistent strategy of anticipating and reacting to potential external opportunities and threats prior to their occurrence.

Which of the adaptive strategies tends to result in the poorest performance?

Briefly describe the BCG Matrix and how it is used. Include in your description the types of recommendations that result from use of the BCG Matrix.

If retrenchment works, it is typically followed by a stability strategy.

Which of the following is an example of a common approach to corporate- level strategy?

Because of slowing sales, Ace Glue started promoting innovative uses for its all-purpose glue. By searching for new market opportunities, the manufacturer of Ace Glue is using which type of adaptive strategy?

Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

An industry-level strategy that is best suited to changes in the organization's external environment is a(n)_____ strategy.

_____ means producing a product or service of acceptable quality at consistently lower production charges than competitors so that the firm can offer the product or service at the lowest price in the industry.

The threat of substitute products or services is a measure of the ease with which customers can find substitutes for an industry's goods or services.

According to Michael Porter, five industry forces determine an industry's overall attractiveness and potential for long-term profitability. Which of the following is one of those forces Porter identified?

A company that is seeking to grow by taking risks and looking for innovations is best characterized as a(n) _____.

Which of the following is NOT one of the five industry forces that determine an industry's overall attractiveness and potential for long-term profitability?

Under conditions of _____, a competitive attack by a rival is more likely to produce sustained competitive advantage.

Management

The History of Management

Organizational Environments and Cultures

Ethics and Social Responsibility

Planning and Decision Making

Innovation and Change

Global Management

Designing Adaptive Organizations

Managing Teams

Managing Human Resource Systems

Managing Individuals and a Diverse Workforce

Motivation

Filters

Exam 6: Organizational Strategy

Which of the following is an example of core capabilities of an organization?

_____ are companies that have a small share of a slow-growing market.

Most companies compete directly with all the firms in their industry.

A competitive advantage becomes a sustainable competitive advantage when other companies cannot duplicate the value a firm is providing to customers.

_____ consists of the strategic actions that a company takes to return to a growth strategy.

Reactors follow the consistent strategy of anticipating and reacting to potential external opportunities and threats prior to their occurrence.

Which of the adaptive strategies tends to result in the poorest performance?

​Briefly describe the BCG Matrix and how it is used. Include in your description the types of recommendations that result from use of the BCG Matrix.

If retrenchment works, it is typically followed by a stability strategy.

Which of the following is an example of a common approach to corporate- level strategy?

Because of slowing sales, Ace Glue started promoting innovative uses for its all-purpose glue. By searching for new market opportunities, the manufacturer of Ace Glue is using which type of adaptive strategy?

Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

An industry-level strategy that is best suited to changes in the organization's external environment is a(n)_____ strategy.

_____ means producing a product or service of acceptable quality at consistently lower production charges than competitors so that the firm can offer the product or service at the lowest price in the industry.

The threat of substitute products or services is a measure of the ease with which customers can find substitutes for an industry's goods or services.

According to Michael Porter, five industry forces determine an industry's overall attractiveness and potential for long-term profitability. Which of the following is one of those forces Porter identified?

​A company that is seeking to grow by taking risks and looking for innovations is best characterized as a(n) _____.

Which of the following is NOT one of the five industry forces that determine an industry's overall attractiveness and potential for long-term profitability?

Under conditions of _____, a competitive attack by a rival is more likely to produce sustained competitive advantage.

Management

The History of Management

Organizational Environments and Cultures

Ethics and Social Responsibility

Planning and Decision Making

Innovation and Change

Global Management

Designing Adaptive Organizations

Managing Teams

Managing Human Resource Systems

Managing Individuals and a Diverse Workforce

Motivation

Filters

Briefly describe the BCG Matrix and how it is used. Include in your description the types of recommendations that result from use of the BCG Matrix.

A company that is seeking to grow by taking risks and looking for innovations is best characterized as a(n) _____.