Assignment , y Print , y View
For ,y All ,y Chapters ,y -->
,y www.stuvia.com
Test Bank For Strategic Management
,y ,y ,y ,y ,y
5th Edition By Frank Rothaermel ( ) /
,y ,y ,y ,y ,y ,y ,y ,y ,y
9781260261288 / Chapter 1-12 /
,y ,y ,y ,y ,y ,y
,y Complete Questions and Answers A+ ,y ,y ,y ,y
1. Award:
A ,ygood ,ystrategy ,yis ,ya ,yset ,yof ,yactions ,ythat ,yenables ,ya ,yfirm ,yto ,yachieve ,yits ,yown ,yinternal ,ygoals ,ywithout
,yregard ,yto , y the ,yexternal ,yenvironment.
True
➜ False
The ,ysuccess ,yof ,ya ,ystrategy ,yheavily ,ydepends ,yon ,ythe ,yexternal ,yenvironment. ,yA ,ygood ,ystrategy ,yis ,ya
,yset ,yof , y actions ,ythat ,yenables ,ya ,yfirm ,yto ,yachieve ,ysuperior ,yperformance ,yrelative ,yto ,yits ,ycompetitors. ,yIn
,ythis ,ylight, ,ya , y strategy ,ywhich ,yproduces ,yonly ,ya ,yminor ,yloss ,yof ,yrevenues ,ywhile ,ycompetitors ,ysuffer
,yheavy ,ylosses ,ycan ,ybe , y seen ,yas ,ysuccessful.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y 01-01 ,yExplain ,ythe ,yrole
of ,ystrategy ,yin ,ya ,yfirm's ,yquest ,yfor
,ycompetitive , y advantage.
about:blank 1/176
, For ,y All ,y Chapters ,y --> ,y www.stuvia.com
2. Award:
The ,yfollowing ,ystatement ,yby ,ythe ,ychief ,yexecutive ,yof ,yGoFlix ,ymovie ,ystudio ,yis ,yan ,yeffective ,ystrategy: ,y“We
,ywill , y produce ,ythe ,ygreatest ,yfilms ,yof ,ythe ,y21st ,ycentury.”
True
➜ False
Grandiose ,ystatements ,yare ,ynot ,ystrategy. ,yAlthough ,yGoFlix’s ,yvision ,yof ,yproducing ,ythe ,yhighest-quality
,yfilms , y among ,yall ,ystudios ,ymay ,ylay ,ythe ,yfoundation ,yfor ,yan ,yeffective ,ystrategy, ,yit ,ymust ,ybe ,ybacked
,yup ,yby ,ya ,yclear ,yset , y of ,yactions ,ythat ,ywill ,yallow ,ythe ,yfirm ,yto ,yaddress ,ythe ,ycompetitive ,ychallenge ,ywith
,yclear ,yconsideration ,yof ,yvalue , y creation ,yand ,ycosts.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-02 ,yDefine
competitive ,yadvantage, ,ysustainable
, y competitive ,yadvantage, ,ycompetitive
, y disadvantage, ,yand ,ycompetitive ,yparity.
3. Award:
The ,ythree ,ytasks ,yof ,ythe ,yAFI ,ystrategy ,yframework ,yare ,yto ,yAssemble ,ya ,yprototype, ,yFind ,ya ,ybuyer, ,yand
, y Incorporate ,yfeedback.
True
➜ False
The ,ythree ,ytasks ,yof ,ythe ,yAFI ,ystrategy ,yframework ,yare ,yto ,yAnalyze, ,yFormulate, ,yand ,yImplement. ,yThis
, y framework ,y(1) ,yexplains ,yand ,ypredicts ,ydifferences ,yin ,yfirm ,yperformance, ,yand ,y(2) ,yhelps ,ymanagers
,yformulate , y and ,yimplement ,ya ,ystrategy ,ygrounded ,yin ,yinternal ,yand ,yexternal ,yanalysis ,ythat ,ycan
,yresult ,yin ,ysuperior , y performance.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
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about:blank 2/176
, This is a preview ,y ,y ,y
Do you want full access? Go Premium and unlock all 95 pages
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Access to all documents
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,y Get Unlimited
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,y Improve
,y
,y your grades
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Get ,y30 ,ydays ,yof ,yfree ,yPremium
Upload
Share ,yyour ,ydocuments ,yto ,yunlock
about:blank 3/176
, For ,y All ,y Chapters ,y --> ,y www.stuvia.com
4. Award:
Questions ,yasked ,yduring ,ythe ,ystrategy ,yanalysis ,ystage ,yof ,ythe ,yAFI ,yframework ,yinclude ,y“How ,ydoes ,ythe
,y firm , y make ,y money?” ,y and ,y “What ,y effects ,y do ,yforces ,y in ,y the ,yexternal ,y environment ,y have ,y on ,y the
,y firm’s ,ypotential ,y to , y gain ,y and ,y sustain ,y a ,y competitive ,y advantage?”
➜ True
, y Fal
se
Strategy ,yanalysis ,yinvolves ,yconsideration ,yof ,yboth ,ythe ,yfirm’s ,yinternal ,yand ,yexternal ,yenvironments, ,yand
,y the , y role ,y that ,y strategic ,y managers ,y play ,y in ,yestablishing ,y and ,y maintaining ,y a ,y competitive ,y advantage.
Difficulty: ,y3 ,yHard Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
5. Award:
Once ,ya ,ystrategy ,yhas ,ybeen ,yformulated ,yand ,yimplemented, ,yit ,yis ,yimportant ,ythat ,ythe ,yfirm ,ysticks ,yto ,yit
,yno ,y matter , y what ,yhappens.
True
➜ False
Strategic ,yleaders ,ymake ,ydecisions ,yunder ,yconditions ,yof ,yuncertainty ,yand ,ycomplexity. ,yThey ,ymust
,y carefully , y monitor ,yand ,y evaluate ,y the ,y progress ,y toward ,y key ,y strategic ,y objectives ,y and ,y make
,y adjustments ,yby ,y fine- , y tuning ,y any ,y strategy ,y as ,y necessary.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
https://ezto.mheducation.com/hm_management.tpx 3/95
about:blank 4/176
For ,y All ,y Chapters ,y -->
,y www.stuvia.com
Test Bank For Strategic Management
,y ,y ,y ,y ,y
5th Edition By Frank Rothaermel ( ) /
,y ,y ,y ,y ,y ,y ,y ,y ,y
9781260261288 / Chapter 1-12 /
,y ,y ,y ,y ,y ,y
,y Complete Questions and Answers A+ ,y ,y ,y ,y
1. Award:
A ,ygood ,ystrategy ,yis ,ya ,yset ,yof ,yactions ,ythat ,yenables ,ya ,yfirm ,yto ,yachieve ,yits ,yown ,yinternal ,ygoals ,ywithout
,yregard ,yto , y the ,yexternal ,yenvironment.
True
➜ False
The ,ysuccess ,yof ,ya ,ystrategy ,yheavily ,ydepends ,yon ,ythe ,yexternal ,yenvironment. ,yA ,ygood ,ystrategy ,yis ,ya
,yset ,yof , y actions ,ythat ,yenables ,ya ,yfirm ,yto ,yachieve ,ysuperior ,yperformance ,yrelative ,yto ,yits ,ycompetitors. ,yIn
,ythis ,ylight, ,ya , y strategy ,ywhich ,yproduces ,yonly ,ya ,yminor ,yloss ,yof ,yrevenues ,ywhile ,ycompetitors ,ysuffer
,yheavy ,ylosses ,ycan ,ybe , y seen ,yas ,ysuccessful.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y 01-01 ,yExplain ,ythe ,yrole
of ,ystrategy ,yin ,ya ,yfirm's ,yquest ,yfor
,ycompetitive , y advantage.
about:blank 1/176
, For ,y All ,y Chapters ,y --> ,y www.stuvia.com
2. Award:
The ,yfollowing ,ystatement ,yby ,ythe ,ychief ,yexecutive ,yof ,yGoFlix ,ymovie ,ystudio ,yis ,yan ,yeffective ,ystrategy: ,y“We
,ywill , y produce ,ythe ,ygreatest ,yfilms ,yof ,ythe ,y21st ,ycentury.”
True
➜ False
Grandiose ,ystatements ,yare ,ynot ,ystrategy. ,yAlthough ,yGoFlix’s ,yvision ,yof ,yproducing ,ythe ,yhighest-quality
,yfilms , y among ,yall ,ystudios ,ymay ,ylay ,ythe ,yfoundation ,yfor ,yan ,yeffective ,ystrategy, ,yit ,ymust ,ybe ,ybacked
,yup ,yby ,ya ,yclear ,yset , y of ,yactions ,ythat ,ywill ,yallow ,ythe ,yfirm ,yto ,yaddress ,ythe ,ycompetitive ,ychallenge ,ywith
,yclear ,yconsideration ,yof ,yvalue , y creation ,yand ,ycosts.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-02 ,yDefine
competitive ,yadvantage, ,ysustainable
, y competitive ,yadvantage, ,ycompetitive
, y disadvantage, ,yand ,ycompetitive ,yparity.
3. Award:
The ,ythree ,ytasks ,yof ,ythe ,yAFI ,ystrategy ,yframework ,yare ,yto ,yAssemble ,ya ,yprototype, ,yFind ,ya ,ybuyer, ,yand
, y Incorporate ,yfeedback.
True
➜ False
The ,ythree ,ytasks ,yof ,ythe ,yAFI ,ystrategy ,yframework ,yare ,yto ,yAnalyze, ,yFormulate, ,yand ,yImplement. ,yThis
, y framework ,y(1) ,yexplains ,yand ,ypredicts ,ydifferences ,yin ,yfirm ,yperformance, ,yand ,y(2) ,yhelps ,ymanagers
,yformulate , y and ,yimplement ,ya ,ystrategy ,ygrounded ,yin ,yinternal ,yand ,yexternal ,yanalysis ,ythat ,ycan
,yresult ,yin ,ysuperior , y performance.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
https://ezto.mheducation.com/hm_management.tpx 2/95
about:blank 2/176
, This is a preview ,y ,y ,y
Do you want full access? Go Premium and unlock all 95 pages
,y ,y ,y ,y ,y ,y ,y ,y ,y ,y ,y
Access to all documents
,y ,y ,y
,y Get Unlimited
,y
Downloads
,y Improve
,y
,y your grades
,y
Free Trial
,y
Get ,y30 ,ydays ,yof ,yfree ,yPremium
Upload
Share ,yyour ,ydocuments ,yto ,yunlock
about:blank 3/176
, For ,y All ,y Chapters ,y --> ,y www.stuvia.com
4. Award:
Questions ,yasked ,yduring ,ythe ,ystrategy ,yanalysis ,ystage ,yof ,ythe ,yAFI ,yframework ,yinclude ,y“How ,ydoes ,ythe
,y firm , y make ,y money?” ,y and ,y “What ,y effects ,y do ,yforces ,y in ,y the ,yexternal ,y environment ,y have ,y on ,y the
,y firm’s ,ypotential ,y to , y gain ,y and ,y sustain ,y a ,y competitive ,y advantage?”
➜ True
, y Fal
se
Strategy ,yanalysis ,yinvolves ,yconsideration ,yof ,yboth ,ythe ,yfirm’s ,yinternal ,yand ,yexternal ,yenvironments, ,yand
,y the , y role ,y that ,y strategic ,y managers ,y play ,y in ,yestablishing ,y and ,y maintaining ,y a ,y competitive ,y advantage.
Difficulty: ,y3 ,yHard Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
5. Award:
Once ,ya ,ystrategy ,yhas ,ybeen ,yformulated ,yand ,yimplemented, ,yit ,yis ,yimportant ,ythat ,ythe ,yfirm ,ysticks ,yto ,yit
,yno ,y matter , y what ,yhappens.
True
➜ False
Strategic ,yleaders ,ymake ,ydecisions ,yunder ,yconditions ,yof ,yuncertainty ,yand ,ycomplexity. ,yThey ,ymust
,y carefully , y monitor ,yand ,y evaluate ,y the ,y progress ,y toward ,y key ,y strategic ,y objectives ,y and ,y make
,y adjustments ,yby ,y fine- , y tuning ,y any ,y strategy ,y as ,y necessary.
Difficulty: ,y2 ,yMedium Learning ,yObjective: ,y01-05 ,yExplain ,ythe
Analysis, ,yFormulation, ,yImplementation
,y(AFI) , y Strategy ,yFramework.
https://ezto.mheducation.com/hm_management.tpx 3/95
about:blank 4/176
