In the functional structure, authority is based on the control of resources and knowledge
and not on hierarchical rank.
New-market-creation strategies are designed to eliminate, reduce, create, or raise some
previously assumed dimension of product/market supply and demand.
The balanced scorecard encourages managers to rely solely on short-term financial and
outcome measures.
As price competition increases, average prices increase as well, resulting in higher
levels of profitability.
Supplier power is reduced when firms in the supply industry present a threat of forward
integration.
Different stakeholders place similar emphasis on organizational outcomes because of
similar priorities.
In diversified firms, the parent company itself may be an internal obstacle to strategy
implementation.
A geographic roll-up occurs when a firm acquires firms that are in the same industry
segment but in many different geographic arenas.
A good reason for a large corporation to consider global expansion is that new ideas are
increasingly coming from emerging economies.
Upstream acquisitions are acquisitions that result when companies buy some of their
customers.
Many acquisitions fail during the integration stage.
The company that is credited with making the word’s first handheld scientific calculator
is Texas Instruments.
When the roles of CEO and board chair are split, it is critical that the board chair take
on some operational roles.
_____ is/are not one of the levers used to achieve strategic alignment.
A.Reward systems
B.Profitability
C.Processes
D.Organizational structure
The disadvantages of the liability of foreignness include all but which of the following?
A)cultural
B)political
C)logistical
D)global
When a firm uses an alliance network as a vehicle, the firm is operating as a(n)
________ in a complex array of owned, partially owned, and non-owned businesses.
A)hub
B)spoke
C)wheel
D)axle
The entrepreneurial process includes all of the following elements except ________.
A) customers
B) opportunity
C) resources and capabilities
D) human resources
A resource or capability is considered ________ if it protects the firm from market
uncertainties.
A)rare
B)valuable
C)distinctive
D)exploitable
The corporate strategy whereby a firm partners with firms in the same industry is called
________ integration.
A)adjacent
B)complementary
C)vertical
D)horizontal
Coca-Cola has a brand that is recognized all over the world. The extent of the
company’s brand recognition may be difficult to imitate because it was developed
________.
A)in a short period of time
B)in the United States
C)during a unique time in history
D)over a long period of time
A certain firm’s resources and capabilities are valuable, rare, and difficult to imitate.
However, the firm is performing worse than its competitors. The ________ dimension
could be the problem.
A)exploitability
B)nonsubstitutability
C)inimitability
D)value
A strategic position that enables a firm to be a low-cost leader in a narrow segment of
the market is known as ________.
A)focused cost leadership
B)focused differentiation
C)low-cost leadership
D)strategic cost scope
A subset of firms that compete against each other more intensely than with other firms
in the industry are called ________.
A)strategic groups
B)complementors
C)stakeholders
D)suppliers
The corporate governance mechanism that local country laws put in place is the
________.
A) board of directors
B) stock-based incentive plan
C) incorporation
D) market for corporate control
Multidivisional structure is effective in coordinating diverse ________ activities.
A) employee
B) product
C) geographic
D) economic
A real threat to an intended low-cost position is the failure to offer an acceptable
combination of price and ________.
A)expertise
B)quality
C)advertising
D)technology
The ________ perspective pertains to strategy for creating value and differentiation
from the perspective of the customer.
A) financial
B) internal-business-process
C) learning-and-growth
D) external-relations
All of the following are possible threats to the differentiation strategic position except
________.
A)new technology
B)failing to increase buyers’ willingness to pay
C)underestimating costs
D)lower-cost imitation
Diagram and explain the entrepreneurial process.
What is the definition of generic strategy?
Briefly explain the objectives and actions for each of the stages in the turnaround
process.
Why is it important for managers to be specific in identifying the possible benefits and
problems of an acquisition?
What is a prospectus and what does it include?