Question-1
The influence of globalization in managing strategically can be demonstrated in:
A. the global marketplace.
B. global competition.
C. the organization itself.
D. global competitors and the global marketplace.
Question-2
Which of the following factors is considered to make an organization's resources unique?
A. Durability
B. Imitability
C. Quality
D. Efficiency
Question-3
Capitalizing on information, people, ideas, and knowledge characterizes the implication of:
A. vanishing distance.
B. reduced need for physical assets.
C. compressed time.
D. turbulent change.
Question-4
The United States Congress could represent the __________ form of stakeholders.
A. political action groups
B. supplier
C. government
D. shareholder
Question-5
A __________ statement is a statement of what specific organizational units do and what they hope to accomplish.
A. vision
B. strategy
C. technology
D. mission
Question-6
__________ view proposes that an organization's competitive advantage is temporary and can be gained only by peppering the competitive marketplace with rapid radical surprises.
A. Resource-based
B. Guerilla
C. Industrial organization
D. Environmental
Question-7
The following are all components of an organizational vision EXCEPT:
A. a strong connection to the organization's core values and beliefs.
B. strategy based on the results of a focus group.
C. elaboration of a purpose for the organization.
D. summary of the organization's operations or what it does.
Question-8
The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is the __________ view.
A. industrial-organizational
B. resource-based
C. guerilla
D. environmental
Question-9
Experiences, characteristics, and knowledge are all aspects that represent __________ resources.
A. financial
B. intangible
C. human
D. structural
Question-10
An organization's attempt at creating and sustaining a long-term competitive advantage can be disrupted through all of the following EXCEPT:
A. technological advances.
B. market instability.
C. government legislation.
D. globalization.
Question-11
The three components that form the three critical success factors include:
A. the ability to embrace change, creativity and innovation capabilities, and being a world-class organization.
B. strategy formulation, strategy implementation, and strategy evaluation.
C. corporate, functional, and competitive strategies.
D. durability, imitability, and efficiency.
Question-12
Purchasing and sending electronic greeting cards through a web site could represent a(n) __________ for a traditional greeting card company like Hallmark.
A. organizational change
B. stable vision
C. physical change
D. product innovation
Question-13
__________ include all financial, physical, human, intangible and structural/cultural assets used by an organization to develop, produce and deliver products or services to its customers.
A. Investments
B. Capabilities
C. Vulnerabilities
D. Resources
Question-14
Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with:
A. physical assets.
B. physical distance.
C. non-physical assets.
D. vanishing distance.
Question-15
Ethics can be defined as:
A. the obligation of organizational decision makers to make decisions and act in ways that recognize the interrelatedness of business and society.
B. the intentional and ongoing actions of an organization to continuously transform itself by acquiring information and knowledge.
C. the rules and principles that define right and wrong decisions and behavior.
D. making decisions and implementing strategies that allow an organization to develop and maintain a competitive advantage.
Question-16
The ability to access information with great speed reflects the impact of:
A. the information revolution.
B. technological advances and breakthroughs.
C. globalization.
D. All of the answer choices are correct.
Question-17
The __________ should elaborate a purpose for the organization.
A. vision
B. competitive strategy
C. mission
D. strategy
Question-18
Corporate social responsibility (CSR) is the obligation of __________ to make decisions and act in ways that recognize the interrelatedness of business and society.
A. society
B. stakeholders
C. community
D. organizational decision makers
Question-19
As you are studying your organization's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?
A. Reduced need for physical assets
B. Vanishing distance and compressed time
C. Increased vulnerability
D. All of the answer choices are correct.
Question-20
Ms. Gibson has come up with the idea of offering free house painting if the job is not completed within the time agreed. Which of the following best describes the competitive advantage perspective that Ms. Gibson is proposing?
A. Resource-based view
B. Guerilla view
C. Industrial organization view
D. Environmental view
