Question 1

A situational analysis is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a core capability of a company that determines how efficiently inputs can be turned into outputs?

Accepted Answer

A)   ​External decision-making routines 
B)   ​Customer acquisition routines 
C)   ​Problem-solving processes 
D)   ​Market-sensing processes

Question 3

Which of the following best defines cash cows?

Accepted Answer

A)   ​They are the companies that have a large share of a fast-growing market. 
B)   ​They are the companies that have a small share of a fast-growing market. 
C)   ​They are the companies that have a large share of a slow-growing market. 
D)   ​They are the companies that have a small share of a slow-growing market.

Question 4

_________ are companies using an adaptive strategy aimed at defending strategic positions by seeking moderate,steady growth and by offering a limited range of high-quality products and services to a well-defined set of customers.

Accepted Answer

The answer of _________ are companies using an adaptive strategy...

Question 5

_________ are companies that have a small share of a fast-growing market.
A.Question marks
B.Cash cows
C.Stars
D.Dogs

Accepted Answer

The answer of _________ are companies that have a small...

Question 6

In the context of adaptive strategies,which of the following is true of defenders?

Accepted Answer

A)   ​They aggressively hold their current strategic position by doing the best job they can to hold on to customers in a particular market segment. 
B)   ​They use an adaptive strategy that seeks fast growth by searching for new market opportunities, encouraging risk taking. 
C)   ​They try to simultaneously minimize risk and maximize profits by following or imitating the proven successes of prospectors. 
D)   ​They do not follow a consistent strategy and tend to react to changes in their external environment after they occur.

Question 7

In the context of direct competition,_________ is defined as the degree to which two companies have overlapping products,services,or customers in multiple markets.

Accepted Answer

market c...

Question 8

Spade and Marcher Corp.manufactures and sells toy guns.These toy guns are a perfect imitation of real weapons.Inspired by Spade and Marcher's success,Keith & Sons,an arms manufacturer in Korowlla,starts to manufacture toy guns too.Which of the following adaptive strategies is used by Keith & Sons?

Accepted Answer

A)   ​Defenders 
B)   ​Prospectors 
C)   ​Analyzers 
D)   ​Reactors

Question 9

A competitive advantage becomes a sustainable competitive advantage when:

Accepted Answer

A)   ​a company collaborates with its competitors to obtain a larger market share. 
B)   ​other companies cannot duplicate the value a firm is providing to customers. 
C)   ​all of a company's competitors have similar resources and capabilities. 
D)   ​a company's competitors are able to imitate or find substitutes for rare resources.

Question 10

The threat of new entrants is a measure of the degree to which barriers to entry make it easy or difficult for new companies to get started in an industry.

Accepted Answer

A) True 
 B)False

Question 11

Growth,stability,and retrenchment are all types of portfolio strategies.

Accepted Answer

A) True 
 B)False

Question 12

A competitive advantage becomes a sustainable competitive advantage when other companies start duplicating the value a firm is providing to customers.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following best defines a distinctive competence?

Accepted Answer

A)   ​It is what a company can make, do, or perform better than its competitors. 
B)   ​It is creating or acquiring companies in completely unrelated businesses. 
C)   ​It is the extent to which a competitor has similar amounts and kinds of resources. 
D)   ​It is the competitive move designed to reduce a rival's market share or profits.

Question 14

Which of the following best defines strategic dissonance?

Accepted Answer

A)   ​It is a reluctance to change strategies or competitive practices that have been successful in the past. 
B)   ​It is a discrepancy between a company's intended strategy and the strategic actions taken by managers while implementing that strategy. 
C)   ​It is a competitive advantage that other companies have tried unsuccessfully to duplicate. 
D)   ​It is a corporate-level strategy that minimizes risk by diversifying investment among various businesses or product lines.

Question 15

Which of the following statements is true of analyzers?

Accepted Answer

A)   ​They are the first to bring innovative new products to market. 
B)   ​They do not follow a consistent strategy. 
C)   ​They are a blend of the defender and prospector strategies. 
D)   ​They react to changes in their external environment after they occur.

Question 16

_________ is a measure of the intensity of competitive behavior among companies in an industry.A.Direct competition
B.Character of the rivalryC.Competitive advantageD.Market commonality

Accepted Answer

Characte...

Question 17

In the context of adaptive strategies,which of the following best describes prospectors?

Accepted Answer

A)   ​They seek moderate, steady growth by offering a limited range of products and services to a well-defined set of customers. 
B)   ​They seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market. 
C)   ​They try to simultaneously minimize risk and maximize profits by following or imitating the proven successes of firms. 
D)   ​They do not follow a consistent strategy and tend to react to changes in their external environment after they occur.

Question 18

_____ largely affects response capability,that is,how quickly and forcefully a company can respond to an attack.

Accepted Answer

A)   ​Growth strategy 
B)   ​Cost leadership 
C)   ​Differentiation 
D)   ​Resource similarity

Question 19

_________ is creating or acquiring companies that share similar products,manufacturing,marketing,technology,or cultures.

Accepted Answer

Related ...

Question 20

Organizations can achieve a competitive advantage by using their resources to _____.

Accepted Answer

A)   ​create strategies that are simultaneously being implemented by competitors 
B)   ​duplicate the value a competitor firm provides to its customers 
C)   ​provide greater value for customers than competitors can 
D)   ​foster competitive inertia

Exam 6: Organizational Strategy

The threat of new entrants is a measure of the degree to which barriers to entry make it easy or difficult for new companies to get started in an industry.

Correct AnswerverifiedShow Answer

In the context of adaptive strategies,which of the following is true of defenders?

Correct AnswerverifiedShow Answer

_________ is a measure of the intensity of competitive behavior among companies in an industry.A.Direct competition B.Character of the rivalryC.Competitive advantageD.Market commonality

Correct Answerverified Characte...View AnswerShow Answer

In the context of adaptive strategies,which of the following best describes prospectors?

Correct AnswerverifiedShow Answer

_________ are companies that have a small share of a fast-growing market. A.Question marks B.Cash cows C.Stars D.Dogs

Correct AnswerverifiedShow Answer

Organizations can achieve a competitive advantage by using their resources to _____.

Correct AnswerverifiedShow Answer

Which of the following statements is true of analyzers?

Correct AnswerverifiedShow Answer

_________ are companies using an adaptive strategy aimed at defending strategic positions by seeking moderate,steady growth and by offering a limited range of high-quality products and services to a well-defined set of customers.

Correct AnswerverifiedShow Answer

Which of the following best defines a distinctive competence?

Correct AnswerverifiedShow Answer

A situational analysis is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

Correct AnswerverifiedShow Answer

A competitive advantage becomes a sustainable competitive advantage when:

Correct AnswerverifiedShow Answer

Which of the following best defines cash cows?

Correct AnswerverifiedShow Answer

_________ is creating or acquiring companies that share similar products,manufacturing,marketing,technology,or cultures.

Correct Answerverified Related ...View AnswerShow Answer

Growth,stability,and retrenchment are all types of portfolio strategies.

Correct AnswerverifiedShow Answer

In the context of direct competition,_________ is defined as the degree to which two companies have overlapping products,services,or customers in multiple markets.

Correct Answerverified market c...View AnswerShow Answer

A competitive advantage becomes a sustainable competitive advantage when other companies start duplicating the value a firm is providing to customers.

Correct AnswerverifiedShow Answer

Which of the following best defines strategic dissonance?

Correct AnswerverifiedShow Answer

_____ largely affects response capability,that is,how quickly and forcefully a company can respond to an attack.

Correct AnswerverifiedShow Answer

Spade and Marcher Corp.manufactures and sells toy guns.These toy guns are a perfect imitation of real weapons.Inspired by Spade and Marcher's success,Keith & Sons,an arms manufacturer in Korowlla,starts to manufacture toy guns too.Which of the following adaptive strategies is used by Keith & Sons?

Correct AnswerverifiedShow Answer

Which of the following is a core capability of a company that determines how efficiently inputs can be turned into outputs?

Correct AnswerverifiedShow Answer

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Characte...
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Related ...
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market c...
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