Question 1

Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

Accepted Answer

A)  external strategic factors. 
B)  internal strategic factors. 
C)  matrix factors. 
D)  key success factors. 
E)  industry scenario. 
A)  external strategic factors. 
B)  internal strategic factors. 
C)  matrix factors. 
D)  key success factors. 
E)  industry scenario.

Question 2

An industry dominated by a few large firms,all of which struggle with product differentiation,is known as

Accepted Answer

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

Question 3

A table which summarizes the key success factors within a particular industry is called a(n)

Accepted Answer

A)  EFAS Table. 
B)  IFAS Table. 
C)  SFAS Table. 
D)  TOWS Matrix. 
E)  industry matrix. 
A)  EFAS Table. 
B)  IFAS Table. 
C)  SFAS Table. 
D)  TOWS Matrix. 
E)  industry matrix.

Question 4

According to Miles and Snow,companies with fairly broad product lines that focus on product innovations and market opportunities,such as Frito-Lay,reflect 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 5

According to Miles and Snow,most major U.S.airlines have reflected 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

Which one of the following is not part of the process of developing industry scenarios?

Accepted Answer

A)  Examine possible shifts in societal variables. 
B)  Identify uncertainties in each of the six forces in the task environment. 
C)  Generate at least 15 scenarios. 
D)  Make a range of plausible assumptions about future trends. 
E)  Analyze the industry situation that would prevail under each scenario. 
A)  Examine possible shifts in societal variables. 
B)  Identify uncertainties in each of the six forces in the task environment. 
C)  Generate at least 15 scenarios. 
D)  Make a range of plausible assumptions about future trends. 
E)  Analyze the industry situation that would prevail under each scenario.

Question 7

When General Motors considers making its own automotive parts,Delphi Automotive Supply Company would be concerned with the

Accepted Answer

A)  bargaining power of suppliers. 
B)  bargaining power of buyers. 
C)  rivalry among existing competitors. 
D)  threat of substitutes. 
E)  threat of new entrants. 
A)  bargaining power of suppliers. 
B)  bargaining power of buyers. 
C)  rivalry among existing competitors. 
D)  threat of substitutes. 
E)  threat of new entrants.

Question 8

Which of the following is not an element of the organization's task environment?

Accepted Answer

A)  local communities 
B)  trade associations 
C)  governments 
D)  technological developments 
E)  special interest groups 
A)  local communities 
B)  trade associations 
C)  governments 
D)  technological developments 
E)  special interest groups

Question 9

Industry analysis is primarily concerned with a corporation's

Accepted Answer

A)  societal environment. 
B)  task environment. 
C)  sociocultural environment. 
D)  economic environment. 
E)  internal environment. 
A)  societal environment. 
B)  task environment. 
C)  sociocultural environment. 
D)  economic environment. 
E)  internal environment.

Question 10

The societal environment includes the economic,technological,political-legal,and sociocultural forces.

Accepted Answer

A) True 
 B)False

Question 11

Governments can do little to erect barriers to entry in an industry.

Accepted Answer

A) True 
 B)False

Question 12

The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are called

Accepted Answer

A)  strategic factors. 
B)  strategic issues. 
C)  environmental uncertainty. 
D)  strategic fit. 
E)  scenarios. 
A)  strategic factors. 
B)  strategic issues. 
C)  environmental uncertainty. 
D)  strategic fit. 
E)  scenarios.

Question 13

A company or an industry whose product works well with a firm's product and without which the product would lose much of its value is considered to be a(n)

Accepted Answer

A)  complementor. 
B)  oligopoly. 
C)  strategic group. 
D)  industry leader. 
E)  staggered company. 
A)  complementor. 
B)  oligopoly. 
C)  strategic group. 
D)  industry leader. 
E)  staggered company.

Question 14

The most widely used forecasting technique used after trend extrapolation is

Accepted Answer

A)  statistical modeling. 
B)  simulations. 
C)  scenario-writing. 
D)  expert opinion. 
E)  brainstorming. 
A)  statistical modeling. 
B)  simulations. 
C)  scenario-writing. 
D)  expert opinion. 
E)  brainstorming.

Question 15

Externalities have been identified by governments but firms have not been forced to deal with the side effects of their activities.

Accepted Answer

A) True 
 B)False

Question 16

In hypercompetitive industries,competitive advantage comes from an up-to-date knowledge of environmental trends and competitive activity coupled with a willingness to risk a current advantage for a possible new advantage.

Accepted Answer

A) True 
 B)False

Question 17

The technique recommended by the text to organize an analysis of external strategic factors is called

Accepted Answer

A)  IFAS. 
B)  EFAS. 
C)  SFAS. 
D)  SWOT. 
E)  the issues priority matrix. 
A)  IFAS. 
B)  EFAS. 
C)  SFAS. 
D)  SWOT. 
E)  the issues priority matrix.

Question 18

Industry analysis was popularized by Michael Porter.

Accepted Answer

A) True 
 B)False

Question 19

What are the two factors that tend to determine whether an industry will be primarily multi-domestic or primarily global?

Accepted Answer

The factors that tend to determine wheth

Question 20

When the pressure for coordination is strong and the pressure for local responsiveness is weak for multi-national corporations within a particular 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.

Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

An industry dominated by a few large firms,all of which struggle with product differentiation,is known as

A table which summarizes the key success factors within a particular industry is called a(n)

According to Miles and Snow,companies with fairly broad product lines that focus on product innovations and market opportunities,such as Frito-Lay,reflect which strategic orientation?

According to Miles and Snow,most major U.S.airlines have reflected which strategic orientation?

Which one of the following is not part of the process of developing industry scenarios?

When General Motors considers making its own automotive parts,Delphi Automotive Supply Company would be concerned with the

Which of the following is not an element of the organization's task environment?

Industry analysis is primarily concerned with a corporation's

The societal environment includes the economic,technological,political-legal,and sociocultural forces.

Governments can do little to erect barriers to entry in an industry.

The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are called

A company or an industry whose product works well with a firm's product and without which the product would lose much of its value is considered to be a(n)

The most widely used forecasting technique used after trend extrapolation is

Externalities have been identified by governments but firms have not been forced to deal with the side effects of their activities.

In hypercompetitive industries,competitive advantage comes from an up-to-date knowledge of environmental trends and competitive activity coupled with a willingness to risk a current advantage for a possible new advantage.

The technique recommended by the text to organize an analysis of external strategic factors is called

Industry analysis was popularized by Michael Porter.

What are the two factors that tend to determine whether an industry will be primarily multi-domestic or primarily global?

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

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

Those variables that can affect significantly the overall competitive positions of companies within any particular industry are known as

An industry dominated by a few large firms,all of which struggle with product differentiation,is known as

A table which summarizes the key success factors within a particular industry is called a(n)

According to Miles and Snow,companies with fairly broad product lines that focus on product innovations and market opportunities,such as Frito-Lay,reflect which strategic orientation?

According to Miles and Snow,most major U.S.airlines have reflected which strategic orientation?

Which one of the following is not part of the process of developing industry scenarios?

When General Motors considers making its own automotive parts,Delphi Automotive Supply Company would be concerned with the

Which of the following is not an element of the organization's task environment?

Industry analysis is primarily concerned with a corporation's

The societal environment includes the economic,technological,political-legal,and sociocultural forces.

Governments can do little to erect barriers to entry in an industry.

The combination of the degree of complexity and the degree of change existing in an organization's external environment is/are called

A company or an industry whose product works well with a firm's product and without which the product would lose much of its value is considered to be a(n)

The most widely used forecasting technique used after trend extrapolation is

Externalities have been identified by governments but firms have not been forced to deal with the side effects of their activities.

In hypercompetitive industries,competitive advantage comes from an up-to-date knowledge of environmental trends and competitive activity coupled with a willingness to risk a current advantage for a possible new advantage.

The technique recommended by the text to organize an analysis of external strategic factors is called

Industry analysis was popularized by Michael Porter.

What are the two factors that tend to determine whether an industry will be primarily multi-domestic or primarily global?

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

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