BUSI 4940 EXAM 1 2025/2026 QUESTIONS
AND ANSWERS 100% PASS
Globalization - ANS increase economic interdependence among countries + their orgs as
reflected in flow of products, FINA. capital and knowledge
Technology Diffusion - ANS speed at which new tech becomes available to firms and when
firms / costumers adopt them
Perpetual Innovation - ANS describes how rapidly + consistently new information - UNIQUE
TO information-internsive techs) replace older ones
(moore's law, info storge, connection tech)
Disruptive Technologies AKA Disruptive Innovation - ANS new technology that destroys the
value of an existing tech + creates new markets
what are the two main drivers of hypercompeition - ANS globalization and technology
the need for flexibility, speed, innovation + integration in the use of technology increases? -
ANS hypercompetition
at the highest level of hypercometition what happens - ANS market volatility and instability
due to rapid pace of change in markets
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, glocalization? - ANS is the slowing down of globalization bc of nationalism
who are the highest-ranking executive & board members at a public company? - ANS ceo
owners of stock are? (ceo responds to them) - ANS common shareholders
who is in charge of the board? do they have the power to fire the ceo? - ANS chair of the
board of directors
and yes! they can fire the CEO and TMT
industrial organization (I/O) assumptions (there are 4) - ANS * the external environment
(whats outside the company) imposes pressures and constraints that determine strat choices
* strategically relevant resources are similar causing competitors to pursue similar strats
* resource are highly mobile so differences are short-lived and dont last long
* strat decision makers are more rational + engage in profit-maximizing behaviors
is it common for one person to serve all three roles of chairman, ceo and president? -
ANS yes!
resource - based model assumptions (there are 4) - ANS focuses on the inside of the
company
* firms aquire diff resources
* firms develop unique capabilities based on how they combine + use resources
* resources + certain capabilities are not highly mobile across firms
* diff in resources + capabilities are bases of competition adv
who is associated with the resource theory? - ANS jay barney
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
AND ANSWERS 100% PASS
Globalization - ANS increase economic interdependence among countries + their orgs as
reflected in flow of products, FINA. capital and knowledge
Technology Diffusion - ANS speed at which new tech becomes available to firms and when
firms / costumers adopt them
Perpetual Innovation - ANS describes how rapidly + consistently new information - UNIQUE
TO information-internsive techs) replace older ones
(moore's law, info storge, connection tech)
Disruptive Technologies AKA Disruptive Innovation - ANS new technology that destroys the
value of an existing tech + creates new markets
what are the two main drivers of hypercompeition - ANS globalization and technology
the need for flexibility, speed, innovation + integration in the use of technology increases? -
ANS hypercompetition
at the highest level of hypercometition what happens - ANS market volatility and instability
due to rapid pace of change in markets
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, glocalization? - ANS is the slowing down of globalization bc of nationalism
who are the highest-ranking executive & board members at a public company? - ANS ceo
owners of stock are? (ceo responds to them) - ANS common shareholders
who is in charge of the board? do they have the power to fire the ceo? - ANS chair of the
board of directors
and yes! they can fire the CEO and TMT
industrial organization (I/O) assumptions (there are 4) - ANS * the external environment
(whats outside the company) imposes pressures and constraints that determine strat choices
* strategically relevant resources are similar causing competitors to pursue similar strats
* resource are highly mobile so differences are short-lived and dont last long
* strat decision makers are more rational + engage in profit-maximizing behaviors
is it common for one person to serve all three roles of chairman, ceo and president? -
ANS yes!
resource - based model assumptions (there are 4) - ANS focuses on the inside of the
company
* firms aquire diff resources
* firms develop unique capabilities based on how they combine + use resources
* resources + certain capabilities are not highly mobile across firms
* diff in resources + capabilities are bases of competition adv
who is associated with the resource theory? - ANS jay barney
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
