Emotional intelligence (EI) is generally a better predictor of life success than
intelligence quotient (IQ).
According to the textbook, strategic management does not consist of the analyses that
an organization undertakes in order to create and sustain competitive advantages.
One advantage of SWOT analysis is that it helps managers to identify strengths that are
almost always sources of competitive advantages that are sustainable.
One of the obligatory aspects of strategic alliances is the dependence on written
contracts to delimit responsibilities and enforce compliance.
The majority of entrepreneurial firms are started with financing from venture capitalists
and banks.
Informational control systems are concerned with which of the following?
A. Is the organization doing things right?
B. Is the organization doing the right things?
C. Are rules and regulations being followed as information is processed?
D. Is the environment of the organization a necessary and sufficient condition for
success?
A firm following a focus strategy must focus on _____________.
A. governmental regulations
B. the rising cost of inputs
C. a market segment or group of segments
D. avoiding entering international markets
A variety of firm resources include interpersonal relations among managers in the firm,
its culture, and its reputation with its suppliers and customers. Such competitive
advantages are based upon ____.
A. path dependency
B. social complexity
C. physical uniqueness
D. tangible resources
A market that mainly competes on the basis of price and has stagnant growth is
characteristic of what life cycle stage?
A. introduction
B. growth
C. maturity
D. decline
All of the following are examples of socially complex organizational phenomena
EXCEPT:
A. a firm’s culture
B. complex physical technology
C. interpersonal relations among a firm’s managers
D. leadership and trust
When an industry is mature, a ______________ strategy is considered to be one of the
most effective approaches for a new entrant.
A. focus
B. differentiation
C. overall low-cost
D. small business
A domestic corporation considering international expansion for the first time typically
will follow which of these paths?
A. It will start off by implementing a wholly owned foreign subsidiary in order to
maintain standards identical to those at home.
B. It will license or franchise its operations.
C. It will implement a low risk-low control strategy such as exporting.
D. It will form a joint venture with a reputable foreign producer.
Generally, employees are most likely to stay with an organization if _____________.
A. the employer provides high salaries to technology professionals
B. the firm is in a high tech industry
C. the organization mission and values align with the employees mission and values
D. the mission and values of the organization change often
Rule-based controls are least appropriate in organizations with which one of the
following characteristics?
A. Environments are stable and predictable.
B. Employees are highly skilled and independent.
C. There is consistency in product and service.
D. The risk of malfeasance is extremely high.
Individuals with highly innovative DNA traits have the ability to connect seemingly
unrelated questions, problems, and ideas from different fields that allows them the
opportunity to creatively see opportunities others miss. This is referred to as
_____________.
A. associating
B. integrating
C. visioning
D. allocating
The text addresses two perspectives of leadership as well as their implications. These
two perspectives are:
A. romantic and unromantic
B. romantic and internal control
C. external control and unromantic
D. romantic and external control
According to Michael Porter, firms that have experienced intense domestic competition
are _________________________________.
A. unlikely to have the time or resources to compete abroad
B. more likely to demand protection from their governments
C. most likely to design strategies aimed primarily at the domestic market
D. more likely to design strategies and structures that allow them to successfully
compete abroad
Virtual organizations ______________ whereas modular organizations
_____________.
A. are usually permanent; are usually temporary
B. accept interdependent destinies; pursue collective strategies
C. pursue collective strategies; forfeit strategic control
D. give up part of their strategic control; retain full strategic control
Explain how a leader might use informal means to accomplish organizational change.
Provide an example.
What are the main benefits of offshoring and outsourcing?
What are the key arguments that Rugman and Verbeke make in favor of regional
strategies as opposed to global strategies?
Innovation is an important source of growth opportunity. Explain this statement,
providing examples to support your argument.
What are some of the factors that would cause a supplier group to become powerful?
Illustrate.
According to Theodore Levitt, what are the three assumptions that favor the pursuit of a
pure global strategy? Briefly provide counterarguments to each assumption.
Explain how firms can use reverse positioning and breakaway positioning when faced
with the maturity phase of the industry life cycle.