Rebuilding morale after turnaround is as important as restoring return on investment.
Almost any organization is a potential alliance partner.
The absolute amount of knowledge in the world remains absolute.
Business strategy refers to the choices that a firm makes about its competitive posture.
The interests of principals and agents generally overlap completely.
Firms that produce differentiated products usually have difficulties managing costs.
The term arena is defined as what a firm wants to become in the future.
The first step in regaining the confidence of bankers and creditors is to present a
well-developed strategic plan.
An IPO takes place when a firm offers ownership shares through a public stock market.
If a firm’s strategy can be implemented, then it must be aligned with the appropriate
implementation levers.
The global mind-set has two distinct, but related dimensions: global perspective and
a(n) ________.
A)appreciation for cultural differences
B)acculturation
C)capacity to learn and transfer geographic market knowledge
D)socioeconomic understanding
All of the following are examples of 1970s’ product performance focused alliances
except ________.
A)production with latest technology
B)marketing beyond national behaviors
C)selling products and stressing performance
D)optimizing total cost by product
Which of the following statements is not true concerning the relationship between
corporate governance and strategy?
A) Corporate governance provides control mechanisms.
B) Boards ensure that the firm’s mission is reflected in its strategy.
C) Governance monitors the way the strategy is executed.
D) Boards make day-to-day decisions on strategy execution.
In phase 1, competitive action can be initiated in all of the following ways except
________.
A)competitive aggressiveness
B)predictability
C)delay tactics
D)complexity of the competitive-action repertoire
The technique used to identify key people who have to be won over for an organization
to be successful is called ________.
A)dimensional analysis
B)stakeholder analysis
C)psycho-social analysis
D)human resources analysis
As industry products become perceived as undifferentiated, the ability of firms to
generate premium pricing ________.
A)increases
B)stabilizes
C)decreases
D)becomes more critical
To ensure successful strategic change, all of the following must take place except
________.
A) the firm must have a new vision
B) the strategy must be executed by top managers only
C) the firm will have to provide appropriate incentives
D) the organization must allocate necessary resources
The two major forms of technology are process technology and ________.
A)product technology
B)dynamic technology
C)market technology
D)progressive technology
________ is the process by which diversification causes two or more interdependent
businesses to adapt not only to their environment, but to each other.
A)Synergy
B)Coexistence
C)Coevolution
D)Competitive adaptation
Mutual gains may be derived from either ________ or ________ synergies.
A)cost savings; low revenue
B)high price; economy of scale
C)economy of scale; low price
D)cost savings; revenue-enhancement
An association of several companies and/or governments for some definite strategic
purpose is referred to as a(n) ________.
A)joint venture
B)equity alliance
C)nonequity alliance
D)consortium
Managers can use all but which tool to formulate a strategy and hammer out a strategic
position?
A)dynamic multiplier model
B)industry-structure analysis
C)strategy diamond
D)VRINE model
Which of the following is not a true statement concerning the market for corporate
control?
A) It benefits the buyers.
B) It may help discipline management.
C) It is time-consuming to implement.
D) It can be very costly.
The ________ perspective reflects strategic priorities among processes according to
their contributions to customer and shareholder satisfaction.
A) financial
B) internal-business-process
C) learning-and-growth
D) external-relations
Globalization has occurred in many industries because ________.
A)new markets have been opened to foreign competitors
B)entire industries have been deregulated
C)state-run industries have been privatized
D)all of the above
In the multidivisional structure, divisions can be organized around which of the
following?
A) geographic markets
B) products
C) groups of related businesses
D) all of the above
What are some of the possible vehicle benefits of acquisitions?
What are some of the possible ways that industries may be related?
What is the difference between multinational configuration and international
configuration?
Define nonequity alliance. Give an example.
What causes a resource or capability to be valuable?