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ch9 Student: ___________________________________________________________________________ 1. Scenario planning helps to emphasize that the business environment is predictable and helps to emphasize the application of traditional perspectives when solving problems. True False 2. Scenarios are forecasts that extrapolate from past data to make predictions. True False 3. International strategy helps firms to make choices about how to deploy scarce resources in order to achieve their international objectives. True False 4. International strategy involves decisions that deal with a single area, such as marketing or production. True False 5. The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed comparative advantage . True False 6. To create a sustainable competitive advantage, an international company should try to develop competencies that are valuable, rare, difficult to imitate, and readily substitutable. True False 7. Competencies are skills or abilities required in order to adequately complete a task. True False 8. The basic concept behind strategic planning is to help ensure that managers have a sound understanding of the business, the strategy, the assumptions behind the strategy, the external business environment pressures, and the company's strengths and weaknesses. True False 9. Global strategic plans help to ensure that decision makers have a common understanding of the business and think through the impact of their decisions and actions firmwide. True False 10. Although strategic planning is not a widely used management tool among global executives, according to a Bain & Company survey there is a high level of satisfaction among those executives who do utilize strategic planning. True False 11. The ultimate managers of strategic planning and strategy making are the executive board of a corporation. True False 12. The first step in the process of strategic planning is to define the company's business and mission. True False 13. According to a study by McKinsey & Company, most executives worldwide agree that environmental, social, and business trends are less critical to company strategy than was the case five years ago. True False 14. An analysis of the forces controlled by the firm will include a situational analysis and control analysis. True False 15. Value chain analysis is an assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations, intended to determine where and to what extent value is added to the final product or service. ... View Full Document

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