Question 1

A formal program of gathering information on a company's competitors is referred to as

Accepted Answer

A)  statistical modeling. 
B)  competitive intelligence. 
C)  competitive strategy. 
D)  quantitative forecasting. 
E)  qualitative matrix. 
A)  statistical modeling. 
B)  competitive intelligence. 
C)  competitive strategy. 
D)  quantitative forecasting. 
E)  qualitative matrix. B

Question 2

In which type of international industry do corporations tailor products to the specific needs of consumers in a particular country?

Accepted Answer

A)  consortium industry 
B)  global industry 
C)  indigenous industry 
D)  multi-domestic industry 
E)  worldwide industry 
A)  consortium industry 
B)  global industry 
C)  indigenous industry 
D)  multi-domestic industry 
E)  worldwide industry D

Question 3

What is a set of business units or firms that "pursue similar strategies with similar resources"?

Accepted Answer

A)  strategic group 
B)  collective collaboration 
C)  cooperative 
D)  integral association 
E)  strategic assembly 
A)  strategic group 
B)  collective collaboration 
C)  cooperative 
D)  integral association 
E)  strategic assembly A

Question 4

Porter describes the threat of new entrants.Which of the following is not descriptive of the "threat of new entrants"?

Accepted Answer

A)  depends on the presence of entry barriers 
B)  has a desire to gain market share 
C)  depends on the reaction of existing competitors 
D)  does not impact industry attractiveness 
E)  brings new capacity and substantial resources 
A)  depends on the presence of entry barriers 
B)  has a desire to gain market share 
C)  depends on the reaction of existing competitors 
D)  does not impact industry attractiveness 
E)  brings new capacity and substantial resources

Question 5

When the pressure for local responsiveness is strong and the pressure for coordination is weak for multi-national corporations in an industry,the industry will tend to become

Accepted Answer

A)  global. 
B)  consolidated. 
C)  multi-domestic. 
D)  risky. 
E)  indigenous. 
A)  global. 
B)  consolidated. 
C)  multi-domestic. 
D)  risky. 
E)  indigenous.

Question 6

A corporation uses environmental scanning to avoid strategic surprises and ensure long-term health.

Accepted Answer

A) True 
 B)False

Question 7

Distinguish between a fragmented and consolidated industry.

Accepted Answer

A fragmented industry has no firm with a

Question 8

According to Michael Porter,a high force can be regarded as a threat because it is likely to reduce profits.

Accepted Answer

A) True 
 B)False

Question 9

Competitive intelligence is a formal program of gathering information on a company's competitors.

Accepted Answer

A) True 
 B)False

Question 10

According to Porter,seeing clothing firms such as Under Armour enter the athletic shoe industry would reflect a

Accepted Answer

A)  medium bargaining power of suppliers. 
B)  low threat of substitutes. 
C)  medium bargaining power of buyers. 
D)  high threat of potential entrants. 
E)  low competitive intensity. 
A)  medium bargaining power of suppliers. 
B)  low threat of substitutes. 
C)  medium bargaining power of buyers. 
D)  high threat of potential entrants. 
E)  low competitive intensity.

Question 11

A study of nearly 500 of the world's largest corporations indicated which of the following to be the most widely practiced form of forecasting?

Accepted Answer

A)  statistical modeling 
B)  scenario-writing 
C)  Delphi technique 
D)  brainstorming 
E)  trend extrapolation 
A)  statistical modeling 
B)  scenario-writing 
C)  Delphi technique 
D)  brainstorming 
E)  trend extrapolation

Question 12

Which of the following is not one of the eight current sociocultural trends mentioned in the text?

Accepted Answer

A)  increasing environmental awareness 
B)  growth of the seniors market 
C)  decline of the mass market 
D)  wage/price controls 
E)  impact of Generation Y boomlet 
A)  increasing environmental awareness 
B)  growth of the seniors market 
C)  decline of the mass market 
D)  wage/price controls 
E)  impact of Generation Y boomlet

Question 13

One ground rule necessary for effective brainstorming is

Accepted Answer

A)  scrutinize each idea generated. 
B)  propose ideas without mentally screening them. 
C)  calculating future earnings of each idea. 
D)  critique each idea for rationality. 
E)  forecast the success of each idea. 
A)  scrutinize each idea generated. 
B)  propose ideas without mentally screening them. 
C)  calculating future earnings of each idea. 
D)  critique each idea for rationality. 
E)  forecast the success of each idea.

Question 14

According to Miles and Snow,reactors are companies with a limited product line that focus on improving the efficiency of their existing operations.

Accepted Answer

A) True 
 B)False

Question 15

According to the text,one reason environmental uncertainty is a threat to strategic managers is because

Accepted Answer

A)  it is a costly and time-consuming process. 
B)  it creates a new playing field in which creativity and innovation can play a major part in strategic decisions. 
C)  it forces the strategic manager to be more stable. 
D)  it hampers their ability to develop long-range plans and make strategic decisions. 
E)  there are too many uncontrollable variables. 
A)  it is a costly and time-consuming process. 
B)  it creates a new playing field in which creativity and innovation can play a major part in strategic decisions. 
C)  it forces the strategic manager to be more stable. 
D)  it hampers their ability to develop long-range plans and make strategic decisions. 
E)  there are too many uncontrollable variables.

Question 16

Other software companies would not compete with Microsoft based on the perceived hesitation of consumers to try new software.Which of Porter's forces does this reflect?

Accepted Answer

A)  exit barriers 
B)  bargaining power of buyers 
C)  threat of substitutes 
D)  bargaining power of suppliers 
E)  rivalry among existing firms 
A)  exit barriers 
B)  bargaining power of buyers 
C)  threat of substitutes 
D)  bargaining power of suppliers 
E)  rivalry among existing firms

Question 17

Trend extrapolation is

Accepted Answer

A)  the process of converting intuition and hunches into reality. 
B)  the extension of present trends into the future. 
C)  the process of asking some authorities in the area to make an "informed guess" about the future. 
D)  given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative futures. 
E)  detecting faulty underlying assumptions before forecasting errors can occur. 
A)  the process of converting intuition and hunches into reality. 
B)  the extension of present trends into the future. 
C)  the process of asking some authorities in the area to make an "informed guess" about the future. 
D)  given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative futures. 
E)  detecting faulty underlying assumptions before forecasting errors can occur.

Question 18

Two factors tend to determine whether an industry will be primarily multi-domestic or primarily global.One of the factors is pressure for coordination within the MNCs operating in that industry.The other factor is

Accepted Answer

A)  the pressure for local responsiveness on the part of individual country markets. 
B)  the power of the local country governments to restrict MNC actions. 
C)  the need for brand management in the various MNCs operating within that industry. 
D)  the importance of differentiating with integrating mechanisms in regional cooperatives. 
E)  the likelihood of terrorist activity impacting that industry. 
A)  the pressure for local responsiveness on the part of individual country markets. 
B)  the power of the local country governments to restrict MNC actions. 
C)  the need for brand management in the various MNCs operating within that industry. 
D)  the importance of differentiating with integrating mechanisms in regional cooperatives. 
E)  the likelihood of terrorist activity impacting that industry.

Question 19

The origin of competitive advantage lies in the ability to

Accepted Answer

A)  gain major stockholders. 
B)  identify and respond to environmental change well in advance of competition. 
C)  launch products quickly. 
D)  serve customers faster. 
E)  create surprise for others. 
A)  gain major stockholders. 
B)  identify and respond to environmental change well in advance of competition. 
C)  launch products quickly. 
D)  serve customers faster. 
E)  create surprise for others.

Question 20

An industry matrix summarizes the key success factors within a particular industry.

Accepted Answer

A) True 
 B)False

A formal program of gathering information on a company's competitors is referred to as

In which type of international industry do corporations tailor products to the specific needs of consumers in a particular country?

What is a set of business units or firms that "pursue similar strategies with similar resources"?

Porter describes the threat of new entrants.Which of the following is not descriptive of the "threat of new entrants"?

When the pressure for local responsiveness is strong and the pressure for coordination is weak for multi-national corporations in an industry,the industry will tend to become

A corporation uses environmental scanning to avoid strategic surprises and ensure long-term health.

Distinguish between a fragmented and consolidated industry.

According to Michael Porter,a high force can be regarded as a threat because it is likely to reduce profits.

Competitive intelligence is a formal program of gathering information on a company's competitors.

According to Porter,seeing clothing firms such as Under Armour enter the athletic shoe industry would reflect a

A study of nearly 500 of the world's largest corporations indicated which of the following to be the most widely practiced form of forecasting?

Which of the following is not one of the eight current sociocultural trends mentioned in the text?

One ground rule necessary for effective brainstorming is

According to Miles and Snow,reactors are companies with a limited product line that focus on improving the efficiency of their existing operations.

According to the text,one reason environmental uncertainty is a threat to strategic managers is because

Other software companies would not compete with Microsoft based on the perceived hesitation of consumers to try new software.Which of Porter's forces does this reflect?

Trend extrapolation is

Two factors tend to determine whether an industry will be primarily multi-domestic or primarily global.One of the factors is pressure for coordination within the MNCs operating in that industry.The other factor is

The origin of competitive advantage lies in the ability to

An industry matrix summarizes the key success factors within a particular industry.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

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Exam 4: Environmental Scanning and Industry Analysis

A formal program of gathering information on a company's competitors is referred to as

In which type of international industry do corporations tailor products to the specific needs of consumers in a particular country?

What is a set of business units or firms that "pursue similar strategies with similar resources"?

Porter describes the threat of new entrants.Which of the following is not descriptive of the "threat of new entrants"?

When the pressure for local responsiveness is strong and the pressure for coordination is weak for multi-national corporations in an industry,the industry will tend to become

A corporation uses environmental scanning to avoid strategic surprises and ensure long-term health.

Distinguish between a fragmented and consolidated industry.

According to Michael Porter,a high force can be regarded as a threat because it is likely to reduce profits.

Competitive intelligence is a formal program of gathering information on a company's competitors.

According to Porter,seeing clothing firms such as Under Armour enter the athletic shoe industry would reflect a

A study of nearly 500 of the world's largest corporations indicated which of the following to be the most widely practiced form of forecasting?

Which of the following is not one of the eight current sociocultural trends mentioned in the text?

One ground rule necessary for effective brainstorming is

According to Miles and Snow,reactors are companies with a limited product line that focus on improving the efficiency of their existing operations.

According to the text,one reason environmental uncertainty is a threat to strategic managers is because

Other software companies would not compete with Microsoft based on the perceived hesitation of consumers to try new software.Which of Porter's forces does this reflect?

Trend extrapolation is

Two factors tend to determine whether an industry will be primarily multi-domestic or primarily global.One of the factors is pressure for coordination within the MNCs operating in that industry.The other factor is

The origin of competitive advantage lies in the ability to

An industry matrix summarizes the key success factors within a particular industry.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters