For what critical aspect of drug development has research (Azoulay & Henderson)
shown that major drug houses have chosen tapered integration?
a) Clinical Research
b) Drug Development
c) Marketing
d) Sales
e) Manufacturing
Which of the following best describes the term, internal rivalry?
a) Divisions competing within a firm for resources
b) Differing product lines from one manufacturer competing
c) Firms jockeying for share within a market.
d) Firms competing for resources to produce goods
e) Suppliers dividing factors between competing firms
What type of isolating mechanisms increase the economic power of a competitive
advantage over time once a firm has acquired that advantage?
a) Scarce
b) Imperfectly mobile
c) Early-mover advantages
d) Impediments to imitation
e) Cospecialized
What type of organizational structure is one that is comprised of a set of autonomous
divisions led by a corporate headquarters office, assisted by a corporate staff that
provides information about the internal and external business environment?
a) Unitary functional structure
b) Multidivisional structure
c) Matrix structure
d) Network structure
e) Individual structure
Which of the following is not a common characteristic of capabilities?
a) They are valuable across multiple products or markets
b) They are tacit
c) They are easy to reduce to simple algorithms or procedure guides
d) They are embedded in what Richard Nelson and Sidney Winter call organizational
routines ‘ well-honed patterns of performing activities inside an organization
e) They can persist even though individuals leave the organization
Which one of the following terms describes relationships in social networks in which
one actor is the critical link between individuals or entire groups?
a) Structural hole
b) Missing link
c) Social connection
d) Network connection
e) Network link
What is a benefit of alliances and joint ventures over mergers and acquisitions?
a) Better organizational structure
b) Scale savings
c) Less vertical integration
d) Less horizontal integration
e) Lower likelihood of antitrust scrutiny
In what type of market structure to sellers set identical prices and are prices generally
driven down to marginal costs?
a) Perfect competition
b) Monopolistic competition
c) Oligopoly
d) Monopoly
e) Diversified
What term best describes firm-specific assets such as patents and trademarks,
brand-name reputation, installed base, and organizational culture?
a) Competitive advantage
b) Capabilities
c) Resources
d) Threats to sustainability
e) Strategic firm assets
What is the term defined as the withdrawal of a product from a market?
a) Shut-down
b) Exit
c) Sale
d) Removal
e) Withdrawal