Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12
Chapters)
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12
Chapters)
,Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
Chapter 1: What Is Strategy?
Student name:
1) A good strategy allows a firm to achieve superior performance and sustainable competitive
advantage without regard to the external environment.
⊚ true
⊚ false
2) The following statement by the chief executive of MegaFilms movie studio should not be
used as a strategy: “We will produce the greatest films of the 21st century.”
⊚ true
⊚ false
3) The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and
Incorporate feedback.
⊚ true
⊚ false
4) Questions asked during the strategy analysis stage of the AFI framework should include
“What effects do forces in the external environment have on the firm’s potential to gain and
sustain a competitive advantage?”
⊚ true
⊚ false
5) Once a strategy has been formulated and implemented, it is important that the firm sticks to it
no matter what happens.
⊚ true
⊚ false
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
,Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
6) Because they are a crucial component of a firm’s success, customers are considered internal
stakeholders.
⊚ true
⊚ false
7) A firm is required by society and its shareholders to meet its ethical and philanthropic
responsibilities.
⊚ true
⊚ false
8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize the
needs of different stakeholders.
⊚ true
⊚ false
9) Juan wants to open his own hot dog restaurant but doesn’t know anything about business. He
needs help determining who his competition is, how he should craft his strategy to compete
and how he’ll implement his strategy to achieve a competitive advantage. He’s hired you to
help him get started. As a result, you will probably use which of the following?
A) AFI strategy framework
B) Red Queen effect
C) competitive benchmarking
D) Stakeholder Impact analysis
10) Roberta is interested in the concept of strategy and decides to create her own. As a result,
Roberta says that her strategy is to focus on competitive benchmarking to achieve
competitive advantage. Which is the best evaluation of Roberta’s statement?
A) Roberta’s strategy is clear, but she should provide more detail.
B) Roberta’s strategy reveals a clear strategic position and tradeoff, so she should
proceed.
C) Roberta should reevaluate her statement because it fails to mention more than one
strategy.
D) Roberta should reevaluate her statement because it fails to meet the principles of what
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
, Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
a strategy should be.
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
Chapters)
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12
Chapters)
,Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
Chapter 1: What Is Strategy?
Student name:
1) A good strategy allows a firm to achieve superior performance and sustainable competitive
advantage without regard to the external environment.
⊚ true
⊚ false
2) The following statement by the chief executive of MegaFilms movie studio should not be
used as a strategy: “We will produce the greatest films of the 21st century.”
⊚ true
⊚ false
3) The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and
Incorporate feedback.
⊚ true
⊚ false
4) Questions asked during the strategy analysis stage of the AFI framework should include
“What effects do forces in the external environment have on the firm’s potential to gain and
sustain a competitive advantage?”
⊚ true
⊚ false
5) Once a strategy has been formulated and implemented, it is important that the firm sticks to it
no matter what happens.
⊚ true
⊚ false
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
,Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
6) Because they are a crucial component of a firm’s success, customers are considered internal
stakeholders.
⊚ true
⊚ false
7) A firm is required by society and its shareholders to meet its ethical and philanthropic
responsibilities.
⊚ true
⊚ false
8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize the
needs of different stakeholders.
⊚ true
⊚ false
9) Juan wants to open his own hot dog restaurant but doesn’t know anything about business. He
needs help determining who his competition is, how he should craft his strategy to compete
and how he’ll implement his strategy to achieve a competitive advantage. He’s hired you to
help him get started. As a result, you will probably use which of the following?
A) AFI strategy framework
B) Red Queen effect
C) competitive benchmarking
D) Stakeholder Impact analysis
10) Roberta is interested in the concept of strategy and decides to create her own. As a result,
Roberta says that her strategy is to focus on competitive benchmarking to achieve
competitive advantage. Which is the best evaluation of Roberta’s statement?
A) Roberta’s strategy is clear, but she should provide more detail.
B) Roberta’s strategy reveals a clear strategic position and tradeoff, so she should
proceed.
C) Roberta should reevaluate her statement because it fails to mention more than one
strategy.
D) Roberta should reevaluate her statement because it fails to meet the principles of what
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
, Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
a strategy should be.
Strategic Management 6th Edition Rothaermel Frank ISBN 9781265954574. (Complete 12 Chapters)
