STRATEGIC MANAGEMENT DUANNE MOCK EXAM AND STUDY MATERIAL WITH CASE STUDIES AND STRATEGIC DECISION-MAKING PRACTICE

STRATEGIC MANAGEMENT DUANNE MOCK
EXAM AND STUDY MATERIAL WITH CASE
STUDIES AND STRATEGIC DECISION-MAKING
PRACTICE

◉ The global economy, globalization, rapid technological change,
and the increasing importance of knowledge are creating the need
to.
Answer: delegate strategic responsibilities to employees "closer to
the action."


◉ When resources and capabilities serve as a source of competitive
advantage for a firm, the firm has created a(n).
Answer: core competence.


◉ The I/O model is grounded in.
Answer: economics


◉ A ______ is an integrated and coordinated set of commitments and
actions designed to exploit core competencies and gain a
competitive advantage..
Answer: strategy

, ◉ New markets created by iPods, PDAs, and Wi-Fi are a result of.
Answer: disruptive technologies


◉ If Southwest Airlines is considering the consequences of
videoconferencing on business travel, it is in the profit pool analysis
step known as.
Answer: defining the pool's boundaries


◉ Analysis of the industry's profit pool enables strategic managers
to.
Answer: locate the most promising areas of an industry's value
chain.


◉ Product market stakeholders include.
Answer: suppliers


◉ A firm's mission.
Answer: is a statement of a firm's business in which it intends to
compete and the customers it intends to serve.


◉ It is important to emphasize that, primarily because they are
related to how a firm interacts with its stakeholders, almost all
strategic management process decisions have.
Answer: ethical dimensions