The tripple bottom line approach indicates that to obtain a sustainable strategy firms look for a combination of...

Economic, social and ecological concerns

The main value drivers for a differentiation strategy are...

product features, customer service and complements

Which statement is NOT true

The three stages of the industry cycle are introduction, growth, maturity.

In corporate strategic decision making the core strategic management concepts are...

Core compentencies, economies of scale and of scope, and transaction cost

Measuring performance by firms using accounting data is interesting because ...

They are historical and backward looking

Cooperation by competitors to achieve a strategic objective

External stakeholders are...

Customers, suppliers and alliances

In disruptive innovation a firm targets...

existing markets by using new technologies

Economies of scope arise from ...

Savings that come from producing two or mote outputs at less costs

Commercialization of any new -or modified existing-product or process

How do strong ethical values benefit a firm?

They serve as the guardrails put in place to keep the company on track

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Strategy Quiz

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Questions 20

Answers

1
Which of the following alternatives provides the most integrated form of performing an activity of the value chain?
Non-equity alliance
Joint venture
Lincensing
Contract
2
The tripple bottom line approach indicates that to obtain a sustainable strategy firms look for a combination of...
Economic, political and social concerns
Economic, social and ecological concerns
Economic, ecological and legal concerns
Economic, social and legal concerns
3
The ____ are more a actionable than the vision & mision of the firm, and represent the steps that lead to realization
Values
scenarios
Beliefs
Objectives
4
To account for the potential impact of changes related to a firm profitability a firm needs to implement a ___ approach
top-down strategic planning
upper-echelon
strategic business units
scenario planning
5
Nike and Addidas have together invested and created a new organization, linked to their independent firm. This is a ..
Non-equity alliance
Joint venture
Equity alliance
Merging
6
The main value drivers for a differentiation strategy are...
learning effects, product features, and customer service
learning effects, experience curve effects and product features
product features, customer service and complements
learning effects, customer service and complements
7
Strategies developed at the departmental level, such as the HR, production, and marketing departments. Are____strategies
Functional strategies
Grand strategies
Business strategies
Coporate strategies
8
Rolex is selling the same products in domestic and international markets. This is an example of a global...
None of strategies mentioned
Transnational strategy
Multidomestic strategy
International strategy
9
Which statement is NOT true
A standard is an agreed upon set of engineering features and design choices
CrossingTheChasmFramework= each ILC stage is influenced by a customer group
The three stages of the industry cycle are introduction, growth, maturity.
Network effect = positive effect that 1 user has on value for other users
10
In corporate strategic decision making the core strategic management concepts are...
Core compentencies, economies of scale and scope and experience curve
Core compentencies, economies of scale and of scope, and transaction cost
Cost leadership, differentiation, core compentencies and economies of scale
Value innovation, cost leadership, differentation and blue ocean strategy
11
Measuring performance by firms using accounting data is interesting because ...
They consider off-balance sheet items
They are forward looking and have broad perspective
They focus mainly on tangible assets
They are historical and backward looking
12
Co-opetition is...
Cooperation by buyers of a firm to achieve a strategic objective
Cooperation by suppliers of a firm to achieve a strategic objective
Competition for the same partner by firms to achieve a strategic objective
Cooperation by competitors to achieve a strategic objective
13
External stakeholders are...
Media, governments and board members
Customers, suppliers and alliances
Stockholders and employees
Communities, suppliers and stockholders
14
In disruptive innovation a firm targets...
new markets by using existing technologies
existing markets by using new technologies
existing markets by using existing technologies
new markets by using new technologies
15
Economies of scope arise from ...
Costs going down by learnings
Savings that come from producing two or mote outputs at less costs
Spreading fix costs over more units
More specialized systems and equipment
16
What is innovation?
the transformation of an idea into a new product or process
Any idea that has been patented
Commercialization of any new -or modified existing-product or process
a unique idea that has not been thought of before
17
Top management of Tesla has decided to join the food industry based on its assessment of the profit potential. This is..
corporate strategy
Business strategy
Functional strategy
Tactical strategy
18
How do strong ethical values benefit a firm?
They provide strong public relations
They serve as the guardrails put in place to keep the company on track
They emphasize benefiting stakeholders by significantly increasing profit
They lay the groundwork for a quick increase of profits and success
19
To counter a disruptive innovation a firm may...
Disrupt themselves, rather than waiting for other to disrupt
Continue to innovate in order to stay ahead of the competition
Do any of the options listed
Protect the low end of the market
20
Corporate strategy is concerned with questions related to:
How to implement a business strategy
How to compete
What type of business is most effective
Where to compete

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