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COM 400 Midterm

Terms in this set (117)

The strategic management process
Question options:
1)is usually delegated to members of a company's board of directors so as not to infringe on the time of busy executives.
2)includes forming a strategic vision, setting objectives, and crafting strategy, but does not include the tasks of implementing and executing strategy.
3)is principally concerned with sizing up an organization's internal and external situation so as to be prepared for the challenge of crafting a sound, well-conceived strategy
4)embraces the tasks of forming a strategic vision of a company's future business make-up and long-term direction, establishing objectives, crafting a strategy, implementing and executing the strategy and then initiating corrective adjustments in light of experience, changing conditions, new ideas, and new opportunities
5)is primarily the responsibility of top executives and the board of directors; very few managers below this level are involved.
embraces the tasks of forming a strategic vision of a company's future business make-up and long-term direction, establishing objectives, crafting a strategy, implementing and executing the strategy and then initiating corrective adjustments in light of experience, changing conditions, new ideas, and new opportunities
The senior management of a firm depends on managers at lower levels who are close to "the action" for the information necessary to exercise effective, company-wide leadership.
Question options:1) True2) False
True
The critical need in business to identify and exploit where the market is heading is called
Question options:
1)
opportunity recognition.
2)
business forecasting.
3)
technological entrepreneurship.
4)
value creation.
1)
opportunity recognition.
The "internal analysis" of a company encompasses both an examination of its value chain and a(n) ________.
Question options:
1)
competitive response analysis
2)
resource-based analysis
3)
financial analysis
4)
operational analysis
2)
resource-based analysis
Amazon presents a new form of competition that fundamentally challenges Walmart's way of doing business and its long term survival.
Question options:1) True2) False
1) True
Understanding who a company's customers are, what they value, and how to make money creating and delivering to them are aspects of the ________ strategic imperative.
Question options:
1)
opportunity recognition
2)
vision discovery
3)
value creation
4)
leadership
3)
value creation
The strategy involved in managing multiple business units under the same corporate banner is known as
Question options:
1)
corporate strategy.
2)
business strategy.
3)
operational strategy.
4)
mergers and acquisitions strategy.
1)
corporate strategy.
The outcome or end-result of a great strategy is
Question options:
1)
customer satisfaction.
2)
environmental sustainability.
3)
superior performance.
4)
a monopolistic market position.
3)
superior performance.
The senior managers of a firm depend upon those who are ________ for the information necessary to make ethical decisions that contribute to the overall effectiveness of the organization.
Question options:
1)
outsiders with objective viewpoints
2)
closer to "the action"
3)
in charge of financial reporting
4)
specially trained in data preparation and interpretation
2)
closer to "the action"
A resource-based analysis is the means by which a firm's managers evaluate the capabilities of important rivals.
Question options:1) True2) False
1) True
Strategic decisions typically involve the commitment of significant resources and are not easily reversed.
Question options:1) True2) False
True
Which of the following is NOT among the principal managerial tasks associated with implementing and executing strategy?
Question options:
1)Building an organization capable of carrying out the strategy successfully
2)Creating a company culture and work environment that is conducive to successful strategy implementation and execution.
3)Surveying employees on how they think organizational effectiveness can be enhanced and how their job satisfaction can be improved.
4)Exerting the internal leadership needed to drive implementation forward and to improve how the strategy is being carried out.
5)Tying the reward structure to the achievement of the targeted results.
...
Metrics comprise only quantitative measures by which a firm can evaluate the effectiveness of its business strategy.
Question options:1) True2) False
False
Competition in commercial aircraft manufacturing illustrates what important dimension(s) of strategy?
Question options:
1)
Strategic decisions have long-lasting effects.
2)
Early strategic decisions can lead to significant differences between competitors.
3)
Boeing's unassailable lead in the industry confronts no serious competition.
4)
Both A and B above are illustrated by the vignette.
3)
Boeing's unassailable lead in the industry confronts no serious competitio
A systematic way of examining all the activities a firm performs and how they interact..." describes
Question options:
1)
an internal analysis.
2)
the capital budgeting process.
3)
the value chain.
4)
the resource-based perspective.
he value chain.
The strategic management processes of analysis and formulation are strictly sequential: Analyses must be completed before formulation and not revisited once a strategy has begun to be created.
Question options:1) True2) False
False
Analysis, formulation, implementation, and synthesis are the four stages typical of the strategic management process.
Question options:1) True2) False
False
Metrics should be all of the following except
Question options:
1)translated to the functional level.
2)tied to the mission.
3)balanced.
4)appropriate for stakeholders.
5)based on reliable and valid measurements.
/Tied to the mission
Causal logic is a concept that refers to the assessment that a manager makes about the reasons that things work the way they do.
Question options:1) True2) False
True
Quantitative metrics are numerically based and are usually more revealing than qualitative metrics.
Question options:1) True2) False
False
Qualitative metrics are measures of performance that are descriptive and relative.
Question options:1) True2) False
True
To be effective, metrics translated to the functional level should be connected to incentives.
Question options:1) True2) False
True
The range or variation in a quantitative metric is as important and powerful an indicator of performance improvement as the average.
Question options:1) True2) False
True
This is a characteristic of effective metrics:
Question options:
1)They are both quantitative and qualitative.
2)They are balanced across functional areas.
3)They are connected to incentives.
4)All of the above are characteristics of effective metrics.
All of the above are characteristics of effective metrics.
The metrics created for each employee or level must be related to activities that are under the control of that employee or level.
Question options:1) True2) False
1) True
While averages are often used, it is the ________ of a performance metric that can provide powerful insight to performance.
Question options:
1)reduction
2)variation
3)highest level
4)median
Variation
________ metrics are measures of success that are descriptive and relative rather than point-specific.
Question options:
1)
Brand-driven
2)
Qualitative
3)
Balance sheet
4)
Stakeholder
Qualitiative
It is crucial that the metrics of the company be unique to its mission. That is why ROE (return on equity) is a good metric for any company to use.
Question options:1) True2) False
False
Perceptual measures of performance should not be used since they only indicate how a customer or supplier feels about a company's products or processes.
Question options:1) True2) False
False
The strategy process involves analysis, formulation, and implementation.
Question options:1) True2) False
False
A company pursuing a focused differentiation approach should also develop metrics and capture measurements of its efforts to reduce costs in order to assess its progress toward important goals.
Question options:1) True2) False
False
Useful metrics should meet the following criterion, among others:
Question options:
1)Should be able to be expressed quantitatively.
2)Can be measured with information derived from the financial statements.
3)Are revised easily after one quarter if goals are missed.
4Can be translated to all levels of employees within the organization.
Can be translated to all levels of employees within the organization.
Effective metrics should be able to be translated to all levels of employees in the organization.
Question options:1) True2) False
True
Which of the following is not an important performance dimension of products and services?
Question options:
1)effectiveness in intended use
2)physical characteristics
3)similarity to the offerings of rivals
4)complementarity with other products
3)similarity to the offerings of rivals
Which statement regarding competitive advantage is most true?
Question options:
1)If several competitors pursue similar differentiation tactics, they may well be perceived as equals in the mind of the consumer.
2)With an overall cost leadership strategy, firms need not be quite so concerned with parity on differentiation.
3)In the long run, a business with one or more competitive advantages is probably destined to earn normal profits.
4)Attaining multiple types of competitive advantage is usually a recipe for failure.
5)All of the above statements are true.
1)If several competitors pursue similar differentiation tactics, they may well be perceived as equals in the mind of the consumer.
A firm can achieve differentiation through all of the following except
Question options:
1)
improving brand image
2)
better customer service
3)
offering lower prices to frequent customers
4)
adding additional product features
5)
serving a broader market segment
offering lower prices to frequent customers
When there is standardization of products or services among rivals the low-cost competitor will be at a disadvantage.
Question options:1) True2) False
False
A company should outsource those activities where expensive research and development is needed, even though they may be central to the company's mission.
Question options:1) True2) False
False
Outsourcing can be recommended when
Question options:
1)it improves the company's strategic position in the marketplace.
2)the company needs greater control over the activities to be outsourced.
3)it makes it possible to offload activities in which the company has no special competence.
4)Outsourcing can be recommended when either A or C above is true.
Outsourcing can be recommended when either A or C above is true.
A company with a low-cost position generally needs to give little thought to economies of scale or capacity utilization. These are more important to firms that choose to differentiate.
Question options:1) True2) False
False
The business-level strategy that implies a broad market approach where the activities performed set the company apart from its rivals in a meaningful way such that customers may be willing to pay higher prices is called a ________ strategy.
Question options:
1)
dynamic
2)
high price
3)
differentiation
4)
value creation
Differentiation
Counterfeit products are usually a large potential risk to firms following
Question options:
1)
the cost leadership strategy.
2)
either of the focus strategies.
3)
the differentiation strategy.
4)
all of the above.
the differentiation strategy
Companies must maintain relative equality with other companies in the industry on less important dimensions to their basic competitive approaches, an idea expressed by the notion of ________.
Question options:
1)
parity
2)
equifinality
3)
dominant logic
4)
core competencies
parity
The biggest risk to a focus strategy is that the small market that is being targeted will simply disappear should the industry environment change.
Question options:1) True2) False
False
The two strategies which target narrow customer segments or geographic areas are
Question options:
1)
differentiation focus and low cost focus.
2)
high end and middle brow.
3)
specialist and generalist.
4)
geographic niche and premium niche.
differentiation focus and low cost focus.
Outsourcing may present ethical issues for companies.
Question options:
1)
True
2)
False
True
The business-level strategy that implies a broad market approach where the company rigorously reduces costs and expenses is called a(n) ________ strategy.
Question options:
1)
inexpensive
2)
hybrid
3)
best cost
4)
low cost
Low cost
The business level strategy that carries the most risk, especially if it does not establish a leadership position, is
Question options:
1)
low cost leadership.
2)
differentiation.
3)
focused differentiation.
4)
integrated cost-leadership differentiation.
integrated cost-leadership differentiation.
There is a risk that a company will differentiate its products or services in ways that the customer does not value.
Question options:1) True2) False
True
A low-cost strategy is designed to appeal to only those customers who are the most price-sensitive.
Question options:1) True2) False
False
The risk of a price war is greatest in which of the following circumstances:
Question options:
1)
an industry experiencing growth populated by scale-efficient competitors.
2)
an industry with slightly increasing demand populated by differentiators.
3)
an industry with a commodity-type product, strong demand, and low exit barriers.
4)
an industry with flattening demand populated by both cost-producers and differentiators.
an industry with flattening demand populated by both cost-producers and differentiators.
The choice that a business must make regarding its fundamental competitive approach is between ________ and ________.
Question options:
1)
low cost; differentiation
2)
global markets; national markets
3)
commodity products; differentiated products
4)
innovation; stability
low cost; differentiation
Typically, company performance improves by changing the strategic approach as the industry and competitors change.
Question options:1) True2) False
False
One of the most significant changes in the political/legal sector of the general environment was the passage of the Dodd-Frank legislation in 2010.
Question options:1) True2) False
True
Nearly every state in the U.S. requires that cosmetologists undergo several hundreds of hours (or more) of classroom and practical training before becoming licensed. This acts as an entry barrier for the industry.
Question options:1) True2) False
True
To illustrate interrelationships among different segments of the general environment: The persistence of large U.S. trade deficits (_______________) has led to greater demand for protectionist measures, such as trade barriers and quotas (______________). These measures lead to higher prices for U.S. consumers and fuel inflation (______________).
Question options:
1)
macroeconomic, sociocultural, political/legal
2)
macroeconomic, political/legal, macroeconomic
3)
macroeconomic, technical, macroeconomic
4)
macroeconomic, global, macroeconomic
5)
none of the above accurately complete the statements.
macroeconomic, political/legal, macroeconomic
Driving forces can be categorized as social, technological, economic, environmental, political/legal, and global.
Question options:1) True2) False
True
Which of the following is not a step in creating a strategy map?
Question options:
1)
Identify the KSFs in the industry and measure each competitor on these dimensions.
2)
Assess the presence of strategic groups.
3)
Make sure the KSFs each provide unique information.
4)
Create a scale that shows the precise distance between each rival.
Create a scale that shows the precise distance between each rival.
Suppliers to an industry have high bargaining power when they
Question options:
1)
produce a component that accounts for a large percentage of the value of the industry's product.
2)
are few in number compared to the number of industry participants.
3)
can credibly threaten to forward integrate into the industry to which they are selling.
4)
Suppliers have high bargaining power under all of the above conditions.
Suppliers have high bargaining power under all of the above conditions.
The first step toward determining whether an industry is likely to be an attractive place to do business or not is defining the industry. One way to do this is by ascertaining its ________ code.
Question options:
1)
census
2)
American manufacturers
3)
world production
4)
NAICS
NAICS
Your local coffee shop gives you a card on which it records your purchases and rewards you with a free cup of coffee after you have bought nine cups. The shop is trying to ensure your loyalty by
Question options:
1)
appealing to your self-esteem needs and making you feel special.
2)
differentiating its coffee from that sold by the shop down the street.
3)
imposing a switching cost.
4)
having the barista address you by name after looking at your card.
differentiating its coffee from that sold by the shop down the street.
With the aid of a strategic group map, strategic analysts
Question options:
1)
can readily identify the entry and exit barriers for each strategic group.
2)
can pinpoint precisely which firms are in viable strategic groups and which are not.
3)
can identify which competitive forces are strong and which are weak.
4)
can measure accurately whether across-group rivalry is stronger than within-group rivalry, or vice versa.
5)
may be able to pinpoint the strengths and weaknesses in company positions, and predict how members of each group might respond to new competitive pressures or industry conditions.
may be able to pinpoint the strengths and weaknesses in company positions, and predict how members of each group might respond to new competitive pressures or industry conditions.
Firms within strategic groups
Question options:
1)
follow dissimilar strategies.
2)
follow similar strategies across certain dimensions.
3)
typically engage in greater amounts of intergroup rivalry than intragroup rivalry.
4)
exist almost exclusively in the manufacturing sector
follow similar strategies across certain dimensions.
Imagine a market in which firms are identical in size, produce the same products, and earn no economic profits. This is called
Question options:
1)
monopolistic competition.
2)
an oligopoly.
3)
perfect competition.
4)
a duopoly.
perfect competition.
To understand the conditions and trends in an industry that all firms must account for in their planning one must undertake a(n) _________ analysis.
Question options:
1)
impact
2)
secular trend
3)
driving forces
4)
strategy map
driving forces
The past strategic investments and intentions of firms do not reliably indicate their future strategic directions. (True/false?)
False
An industry's key success factors
Question options:
1)are a function of market share, entry barriers, economies of scale, experience curve effects, and industry profitability.
2)vary according to whether an industry has high or low long-term attractiveness.
3)consist of the three or four biggest determinants of financial and competitive success in an industry and, thus, point to the things any firm in the industry must be competent at doing or concentrate on achieving.
4)can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies.
5)depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.
depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.
A strategy map can help identify industry opportunities because it
Question options:
1)
also points out industry threats.
2)
illuminates the entry barriers that will deter all but the most persistent firms.
3)
shows market positions that are currently under-served or unoccupied.
4)
accurately portrays the number of customers in each part of the market.
shows market positions that are currently under-served or unoccupied.
An experience curve acts as an entry barrier because
Question options:
1)
companies with industry experience know their customers better.
2)
industry participants gain a cost advantage from cumulative production over potential entrants.
3)
it allows industry incumbents to spread their fixed costs over a larger volume of production.
4)
the government provides experience curves incentives to industries where it wishes to deter foreign competition.
industry participants gain a cost advantage from cumulative production over potential entrants.
Conditions and trends in the general environment that every company must incorporate into its planning are called path trajectories.
Question options:1) True2) False
False
Before deciding whether or not to approve a merger among rivals in an industry, the Federal Trade Commission calculates a measure of industry concentration using the market shares of all competitors. It is called the
Question options:
1)CR4.
2)gini index.
3)Fredericksburg ratio.
4)Herfindahl-Hirschman Index.
Herfindahl-Hirschman Index.
The firms in an industry with a high threat from substitutes have less pricing discretion than firms in an industry with few substitutes.
Question options:1) True2) False
True
Golden Lotus, an exercise club targeting healthy individuals over 50, is located in a fast-growing city in the Southwest. Which of the following factors, which may have an effect on the success of Golden Lotus, is the most directly controllable by the company?
Question options:
1)
the socio-cultural environment
2)
the demographics of the environment
3)
the economy of the local area
4)
the power of the customer/buyers
5)
none of the above can be controlled by Golden Lotus
none of the above can be controlled by Golden Lotus
Which of the following is not one of the categories of resources that one might examine for its ability to provide a competitive advantage?
Question options:
1)
knowledge
2)
creative
3)
human
4)
technology
creative
The three resources that managers primarily rely on today in their development of strategy are knowledge, human, and physical.
Question options:1) True2) False
True
Which of the following is not one of the five steps in a resource-based analysis?
Question options:
1)
Develop a list of all the firm's resources and capabilities.
2)
Divide resources and capabilities into those that are ordinary and those that are extraordinary.
3)
Decide whether ordinary activities should be outsourced or not.
4)
Analyze the apparent extraordinary resources to see if they meet the VRIST criteria.
Decide whether ordinary activities should be outsourced or not.
An extraordinary resource must meet four out of the five VRIST criteria. It can then serve as the foundation for intermediate level capabilities.
Question options:1) True2) False
False
Ordinary resources are important only if they are built on a foundation of extraordinary resources and capabilities.
Question options:1) True2) False
True
Which criterion below characterizes a resource that is unique to a business and that cannot be appropriated by potential competitors?
Question options:
1)
rare
2)
non-tradable
3)
non-substitutable
4)
All of the above.
All of the above.
Which of the following is not one of the primary activities in the value chain?
Question options:
1)
training
2)
inputs
3)
operations
4)
marketing & sales
training
It is possible to create value upstream for suppliers as well as for the community in which the company operates in addition to creating value for customers.
Question options:1) True2) False
True
Value chain activities that are far less obvious to outsiders and competitors, and therefore far more difficult to imitate are ________ activities.
Question options:
1)
primary
2)
support
3)
transactional
4)
data-driven
support
A value chain analysis may show that some of the firm's activities are more effectively handled by another company - that is, they should be outsourced.
Question options:1) True2) False
True
The complexity of the value chain for Apple's iPhone X is best illustrated by the fact that
Question options:
1)
Apple produces all of the components and assembles the consoles itself.
2)
each phone has hundreds of components produced by dozens of suppliers worldwide.
3)
Apple had to add another assembly facility to keep up with demand.
4)
iPhone X's are shipped to Kentucky and then on to retailers around the country.
each phone has hundreds of components produced by dozens of suppliers worldwide.
A SWOT analysis presents a dynamic view of a company, allowing managers to see how capabilities change over time.
Question options:1) True2) False
False
Primary value chain activities are far less obvious to outsiders and competitors and are therefore much more difficult to imitate.
Question options:1) True2) False
False
Which of the following is one of the support activities in the value chain?
Question options:
1)
human resource management
2)
research & development
3)
procurement
4)
All of the above.
All of the above.
A matrix that arrays a company's strengths and weaknesses against its opportunities and threats is called a probability-impact matrix.
Question options:1) True2) False
False
As illustrated by Apple's iPhone X, the company's competitive advantage depends solely on its internal value chain.
Question options:1) True2) False
False
A study of U.S. employment showed that most of the jobs in the economy in the 21st century are tied to value chain support activities.
Question options:1) True2) False
True
Which of the following examples demonstrates how successful organizations manage their primary activities?
Question options:
1)
Motorola has revised its compensation system to reward employees who learn a variety of skills.
2)
Walmart implemented a sophisticated information system that resulted in reduced inventory carrying costs and shortened customer response times.
3)
National Steel improved its efficiency by consolidating, reducing the number of job classifications, and broadening worker responsibilities.
4)
Reorganizing how washers and driers are stored in warehouses and locating new distribution centers has enabled Whirlpool to cut costs and achieve faster customer deliveries.
5)
None of these examples actually addresses primary activities.
National Steel improved its efficiency by consolidating, reducing the number of job classifications, and broadening worker responsibilities.
A successful new product development team works in a state-of-the-art lab and is aided by a crack team of market researchers. This is likely to be a source of durable competitive advantage for the company because of
Question options:
1)
historical conditions.
2)
smart investments.
3)
social complexity.
4)
efficient operations.
Social complexcity./
A financial management firm has existed for over 70 years. Some of its original clients' grandchildren are now clients of the firm themselves. The partners and staff of the firm have spent most or all of their careers with the firm. Many have even married into each other's families. This firm has capabilities that would be costly to imitate because of its
Question options:
1)
access to large amounts of financial capital.
2)
possession of causally ambiguous core competencies.
3)
social complexity.
4)
unique historical conditions.
5)
relatively fragile core competencies.
social complexity.
Nomacorc's research helps the company design exceptionally effective wine bottle closures. This is a good example of causal ambiguity.
Question options:1) True2) False
True
Rare, non-tradable, and non-substitutable resources can be appropriated by competitors with deep pockets.
Question options:1) True2) False
False
Which of the following can make a resource difficult for competitors to imitate?
Question options:
1)
Intellectual property protection by patents or trademarks.
2)
Routines or processes that are largely unobservable.
3)
Strong client base of Fortune 500 companies.
4)
Both A and B above can make resource imitation difficult.
4
In the VRIST framework a substitute for a resource is
Question options:
1)
another resource that can provide comparable value-creating benefits.
2)
a different product or service that serves the same function for a customer.
3)
a different supplier has been developed by a competitor.
4)
a resource that is deployed by the firm when the original resource is no longer available.
/another resource that can provide comparable value-creating benefits.
Benchmarking requires a company to identify the best practices used by unrelated companies outside of its own industry.
Question options:1) True2) False
False
Competitive responses to strategic threats, in contrast with those for tactical moves, include containment, shaping, and neutralization among others.
Question options:1) True2) False
True
The containment response to a strategic threat involves forming a strategic alliance with the threatening organization or forming a group to influence the setting of broad standards for acceptable industry practices.
Question options:1) True2) False
False
Having classified companies broadly, one can examine the closest competitors for more specific characteristics. Which of the following is a characteristic that should be closely scrutinized?
Question options:
1)
management behavior patterns
2)
relative market position
3)
financial situation
4)
All of the above should be scrutinized.
All of the above should be scrutinized.
This is a joint venture or partnership formed with other companies (sometimes competitors) to develop a new technology, process, or other type of strategically important resource.
Question options:
1)
a research consortium
2)
an integrated associative venture
3)
a corporate marriage
4)
a strategic alliance
a strategic alliance
A company that tends to view the industry from its own perspective and that of the customer rather than being concerned with the competition is a Reactor.
Question options:1) True2) False
False
his type of company tends to view the industry from its own perspective and that of customers rather than being concerned with the competition and is often a leader of industry change.
Question options:
1)
Analyzer
2)
Defender
3)
Prospector
4)
Reactor
Prospector
A set of strategy or competitive maps showing the current relative market positions and historical trending of companies in an industry is unlikely to help a company predict competitor moves.
Question options:1) True2) False
False
Prospectors are usually leaders of change in an industry and quite willing to cannibalize their own products.
Question options:1) True2) False
True
A Defender carefully attends to a limited number of key criteria, analyzes their costs and vigorously defends its competitive position against all rivals.
Question options:1) True2) False
True
_______________ is a process through which a company compares its own processes and structure to that of other organizations, especially targeting direct competitors for the comparison.
Question options:
1)
Benchmarking
2)
Scenario planning
3)
Strategic matching
4)
Competence comparison
Benchmarking
A hostile environment has slowly growing or declining revenues, frequent price wars, and a focus on cost containment.
Question options:1) True2) False
True
The annulment competitive response to a strategic threat often involves aggressive actions such as legal maneuvers, giving away benefits offered by a new competitor for free, or engaging in a process of continuously improving existing products.
Question options:1) True2) False
False
This competitive response to a strategic threat is generally adopted when the threat has spread widely. Threatened companies turn to very aggressive moves such as legal action, giving away the benefits offered by the new competitor for free, or engaging in a process of continuous improvement to existing products.
Question options:
1)
containment
2)
absorption
3)
neutralization
4)
shaping
neutralization
Hostile environments seem to be characteristic of industries that are approaching or have reached the maturity stage of the industry life cycle.
Question options:1) True2) False
True
The competitive response to a strategic threat that involves moves that include co-opting the threat by purchasing the threatening organization itself or forming a group to influence it by setting broad standards for acceptable practices is called
Question options:
1)
shaping.
2)
containment.
3)
neutralization.
4)
annulment.
Shaping/
Once mutual goals are defined, partners are qualified, and the optimal governance structure is set, a strategic cooperation is likely to succeed.
Question options:1) True2) False
False
There are significant ethical concerns to be considered when interviewing a current or former employee of a competitor.
Question options:1) True2) False
True
This type of company responds - often very slowly - to conditions in the competitive environment and is an unstable form of organization.
Question options:
1)
Reactor
2)
Analyzer
3)
Prospector
4)
Defender
Reactor
The technique that causes organizations to consider dramatic shifts in their business environments over a set time period and then to map out a set of actions to take if warning signs of those shifts occur is called environmental impact analysis.
Question options:1) True2) False
False
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