Strategic Management - Old Code - Term Revision - January 2019.pdf

Strategic Management - Old Code - Term Revision - January 2019.pdf

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Mr. Ahmed Galal Strategic Management Old Code Term Revision January 2019 1 True / False 1) Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. 2) A corporation uses environmental scanning to avoid strategic surprise . 3) Political-legal forces regulate the values, mores, and customs of society. 4) The task environment includes the economic, technological, political-legal, and sociocultural forces. 5) Industry analysis was popularized by Michael Porter . 6) In dynamic environments, the CEO's focus is on forces in the societal environment . 7) Today's organizations must scan the natural environment for factors that might previously have been taken for granted. 8) An example of an economic variable in the societal environment is antitrust regulation. 9) The growing health consciousness is an example of a political-legal force. 10) A multinational corporation is a company with significant assets and activities in multiple countries. 11) The origin of competitive advantage lies in the ability to identify and respond to environmental change well in advance of competition. 12) The willingness to reject unfamiliar as well as negative information is called issues priority . 13) A corporation's internal strategic factors are those key environmental trends judged to have both a medium to high probability of occurrence and a medium to high probability of impact on the corporation. 14) An industry is a group of firms producing a similar product or service. 15) 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. 16) According to Michael Porter, a high force can be regarded as threat because it is likely to reduce profits. 17) An entry barrier is an obstruction that makes it difficult for a company to enter an industry. 18) One of the possible barriers to entry is product differentiation . 19) 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. 20) NutraSweet can serve as a product substitute for sugar satisfying the same need. 21) A buyer may be powerful when changing supplier s’ costs a great deal.
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Mr. Ahmed Galal Strategic Management Old Code Term Revision January 2019 2 22) A consolidated industry is dominated by a few large firms, each of which struggles to differentiate its products from the competition. 23) Multidomestic industries are specific to each country or group of countries. 24) The only factor used to determine whether an industry will be primarily multidomestic or primarily global is the pressure for local responsiveness .
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  • Spring '17
  • adel adler
  • E C D B D E D B A E C B D B B C B C, D statistics, example of an economic variable

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