Question 1

Define competitive intelligence.

Accepted Answer

Competitive intelligence is a formal pro

Question 2

Which of the following is true in regards to competitive intelligence?

Accepted Answer

A)  The Economic Espionage Act makes it illegal to steal any material that a business has taken "reasonable efforts" to keep secret. 
B)  The Society of Competitive Intelligence Professionals urges strategists to stay within the law and to act ethically when searching for information. 
C)  The Society of Competitive Intelligence Professionals states that illegal activities are foolish because the vast majority of worthwhile competitive intelligence is available publicly via annual reports, websites, and libraries. 
D)  A number of firms hire consultants with questionable reputations who do what is necessary to get information when the selected methods do not meet SPIC ethical standards or are illegal. 
E)  The competitive intelligence function is always housed in its own unit within organizations. 
A)  The Economic Espionage Act makes it illegal to steal any material that a business has taken "reasonable efforts" to keep secret. 
B)  The Society of Competitive Intelligence Professionals urges strategists to stay within the law and to act ethically when searching for information. 
C)  The Society of Competitive Intelligence Professionals states that illegal activities are foolish because the vast majority of worthwhile competitive intelligence is available publicly via annual reports, websites, and libraries. 
D)  A number of firms hire consultants with questionable reputations who do what is necessary to get information when the selected methods do not meet SPIC ethical standards or are illegal. 
E)  The competitive intelligence function is always housed in its own unit within organizations.

Question 3

Which societal force includes demographic trends?

Accepted Answer

A)  political-legal forces 
B)  labor forces 
C)  economic forces 
D)  technological forces 
E)  sociocultural forces 
A)  political-legal forces 
B)  labor forces 
C)  economic forces 
D)  technological forces 
E)  sociocultural forces

Question 4

According to Michael Porter,the weaker each of the competitive forces,the more limited companies are in their ability to raise prices and earn greater profits.

Accepted Answer

A) True 
 B)False

Question 5

According to Miles and Snow,a company that operates in at least two different product-market areas in which one product is stable and the other one is variable,reflects which strategic orientation?

Accepted Answer

A)  initiators 
B)  reactors 
C)  analyzers 
D)  prospectors 
E)  defenders 
A)  initiators 
B)  reactors 
C)  analyzers 
D)  prospectors 
E)  defenders

Question 6

A corporation's task environment is typically focused on the industry within which the firm operates.

Accepted Answer

A) True 
 B)False

Question 7

Environmental scanning is an overarching term encompassing the monitoring,evaluation,and dissemination of information relevant to the organizational development of strategy.

Accepted Answer

A) True 
 B)False

Question 8

The need to invest huge financial resources in manufacturing facilities in order to produce large commercial airplanes creates a significant barrier to entry to any competitor for Boeing and Airbus.

Accepted Answer

A) True 
 B)False

Question 9

A non-quantitative approach to forecasting that requires simply the presence of people with some knowledge of the situation to be predicted to propose ideas without first mentally screening them is called

Accepted Answer

A)  simulations. 
B)  the Delphi technique. 
C)  brainstorming. 
D)  signal monitoring. 
E)  scenarios. 
A)  simulations. 
B)  the Delphi technique. 
C)  brainstorming. 
D)  signal monitoring. 
E)  scenarios.

Question 10

Which of the following is not descriptive of external environmental scanning?

Accepted Answer

A)  used as a tool to ensure a corporation's long-term health 
B)  used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy 
C)  used to identify major stockholders 
D)  used as a tool for corporations to avoid strategic surprise 
E)  used to determine a firm's competitive advantage 
A)  used as a tool to ensure a corporation's long-term health 
B)  used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy 
C)  used to identify major stockholders 
D)  used as a tool for corporations to avoid strategic surprise 
E)  used to determine a firm's competitive advantage

Question 11

According to Porter's model,a low force can enable the company to earn greater profits and can be regarded as a(n)

Accepted Answer

A)  benefit. 
B)  opportunity. 
C)  advantage. 
D)  threat. 
E)  risk. 
A)  benefit. 
B)  opportunity. 
C)  advantage. 
D)  threat. 
E)  risk.

Question 12

List eight current sociocultural trends in the United States that are transforming North America and the world.

Accepted Answer

Eight current sociocultural trends in th

Question 13

Describe the four strategic types of the Miles and Snow typology.

Accepted Answer

According to Miles and Snow,there are fo

Question 14

Describe Porter's approach to industry analysis.

Accepted Answer

Michael Porter contends that a corporati

Question 15

One of the breakthrough developments in technology is the portable information device and electronic networking.

Accepted Answer

A) True 
 B)False

Question 16

The corporation's task environment

Accepted Answer

A)  encompasses the physical working areas of the organization. 
B)  includes those elements or groups within an organization's industry. 
C)  is an advisory committee to top management. 
D)  is an accounting of the many jobs within an organization. 
E)  is the job requirement specification listing necessary skills and abilities. 
A)  encompasses the physical working areas of the organization. 
B)  includes those elements or groups within an organization's industry. 
C)  is an advisory committee to top management. 
D)  is an accounting of the many jobs within an organization. 
E)  is the job requirement specification listing necessary skills and abilities.

Question 17

A company with significant assets and activities in multiple countries is known as a(n)

Accepted Answer

A)  multi-national corporation. 
B)  repatriated corporation. 
C)  transferable corporation. 
D)  duplicate corporation. 
E)  emancipated corporation. 
A)  multi-national corporation. 
B)  repatriated corporation. 
C)  transferable corporation. 
D)  duplicate corporation. 
E)  emancipated corporation.

Question 18

The transferring of profits from a foreign subsidiary to a corporation's headquarters is known as repatriation of profits.

Accepted Answer

A) True 
 B)False

Question 19

An industry is a group of firms producing a similar product or service.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not descriptive of a high level of bargaining power of suppliers?

Accepted Answer

A)  Substitutes are readily available. 
B)  The product or service is unique. 
C)  The supplier industry is dominated by a few companies, but sells too many. 
D)  The purchasing industry buys only a small portion of the supplier group's goods and services. 
E)  Suppliers are able to integrate forward and compete directly with their present customers. 
A)  Substitutes are readily available. 
B)  The product or service is unique. 
C)  The supplier industry is dominated by a few companies, but sells too many. 
D)  The purchasing industry buys only a small portion of the supplier group's goods and services. 
E)  Suppliers are able to integrate forward and compete directly with their present customers.

Define competitive intelligence.

Which of the following is true in regards to competitive intelligence?

Which societal force includes demographic trends?

According to Michael Porter,the weaker each of the competitive forces,the more limited companies are in their ability to raise prices and earn greater profits.

According to Miles and Snow,a company that operates in at least two different product-market areas in which one product is stable and the other one is variable,reflects which strategic orientation?

A corporation's task environment is typically focused on the industry within which the firm operates.

Environmental scanning is an overarching term encompassing the monitoring,evaluation,and dissemination of information relevant to the organizational development of strategy.

The need to invest huge financial resources in manufacturing facilities in order to produce large commercial airplanes creates a significant barrier to entry to any competitor for Boeing and Airbus.

A non-quantitative approach to forecasting that requires simply the presence of people with some knowledge of the situation to be predicted to propose ideas without first mentally screening them is called

Which of the following is not descriptive of external environmental scanning?

According to Porter's model,a low force can enable the company to earn greater profits and can be regarded as a(n)

List eight current sociocultural trends in the United States that are transforming North America and the world.

Describe the four strategic types of the Miles and Snow typology.

Describe Porter's approach to industry analysis.

One of the breakthrough developments in technology is the portable information device and electronic networking.

The corporation's task environment

A company with significant assets and activities in multiple countries is known as a(n)

The transferring of profits from a foreign subsidiary to a corporation's headquarters is known as repatriation of profits.

An industry is a group of firms producing a similar product or service.

Which of the following is not descriptive of a high level of bargaining power of suppliers?

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

Exam 4: Environmental Scanning and Industry Analysis

Define competitive intelligence.

Which of the following is true in regards to competitive intelligence?

Which societal force includes demographic trends?

According to Michael Porter,the weaker each of the competitive forces,the more limited companies are in their ability to raise prices and earn greater profits.

According to Miles and Snow,a company that operates in at least two different product-market areas in which one product is stable and the other one is variable,reflects which strategic orientation?

A corporation's task environment is typically focused on the industry within which the firm operates.

Environmental scanning is an overarching term encompassing the monitoring,evaluation,and dissemination of information relevant to the organizational development of strategy.

The need to invest huge financial resources in manufacturing facilities in order to produce large commercial airplanes creates a significant barrier to entry to any competitor for Boeing and Airbus.

A non-quantitative approach to forecasting that requires simply the presence of people with some knowledge of the situation to be predicted to propose ideas without first mentally screening them is called

Which of the following is not descriptive of external environmental scanning?

According to Porter's model,a low force can enable the company to earn greater profits and can be regarded as a(n)

List eight current sociocultural trends in the United States that are transforming North America and the world.

Describe the four strategic types of the Miles and Snow typology.

Describe Porter's approach to industry analysis.

One of the breakthrough developments in technology is the portable information device and electronic networking.

The corporation's task environment

A company with significant assets and activities in multiple countries is known as a(n)

The transferring of profits from a foreign subsidiary to a corporation's headquarters is known as repatriation of profits.

An industry is a group of firms producing a similar product or service.

Which of the following is not descriptive of a high level of bargaining power of suppliers?

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