STRATEGY - MID TERM QUIZES

STRATEGY - MID TERM QUIZES - CHAPTER 1 1. Research shows...

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CHAPTER 1 1. Research shows that approximately ________ percent of a firm's profitability is explained by the industry in which it competes, whereas ________ percent is explained by the firm's characteristics and actions. a. b. 90; 10 c. 60; 40 d. 20; 36 Correct. 2. The resource-based model of the firm argues that: a. b. resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm's core competencies. c. all resources have the potential to be the basis of sustainable competitive advantage. d. resources alone can be a source of sustainable competitive advantage. Correct.
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3. The global economy, globalization, rapid technological change, and the increasing importance of knowledge are creating the need to: a. b. expand the strategic responsibilities to all organizational stakeholders. c. split responsibilities between the CEO and the board of directors as a result of corporate scandals triggered by unethical CEOs. d. re-centralize the responsibility for strategy to the CEO. Correct. 4. The organization's role as a taxpayer is most important to ________ as stakeholders. a. b. major suppliers of capital c. shareholders d. unions Correct. 5.
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Knowledge is composed of all the following EXCEPT: a. b. expertise. c. insight. d. intelligence. Correct. 6. The economic interdependence among countries as reflected in the free movement of goods, services, financial capital and knowledge across geographic borders is defined as: a. b. strategic intensity. c. boundaryless retailing. d. hypercompetition. Correct. 7.
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The strategic leader's work is characterized by: a. b. a willingness to unify stakeholders through skillful manipulation. c. an ability to identify the correct solutions to long-range problems. d. ambiguous decision situations which make effective decisions difficult to determine. Correct. 8. Analysis of the industry's profit pool enables strategic managers to: a. b. predict future revenue streams for the organization. c. predict growth in sales over the medium to long range. d. locate the most promising areas of an industry's value chain. Correct. 9.
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Capital market stakeholders include: a. b. industry competitors. c. employees. d. government regulators. Correct. 10. The "liability of foreignness" is the: a. b. overall risk a domestic firm encounters when entering global competition. c. political disadvantage that U.S. firms have when doing business abroad. d. inability of most U.S. managers to truly comprehend foreign cultures. Correct. CHAPTER 2 1.
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A general environmental analysis can be expected to produce all of the following EXCEPT: a. b. identification of organizational threats. c. identification of organizational opportunities. d.
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This note was uploaded on 03/01/2011 for the course GEB 1105 taught by Professor Ruben during the Spring '11 term at FGCU.

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STRATEGY - MID TERM QUIZES - CHAPTER 1 1. Research shows...

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