Edrftgyihu jiuh
Strategic Management Concepts and
Cases Competitiveness and
ST
Globalization 14th Edition
UV
TEST BANK
IA
Michael Hitt
_A
Duane Ireland
Robert Hoskisson
Jeffrey Harrison
PP
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
and Students
RO
© Michael Hitt, Duane Ireland, Robert Hoskisson & Jeffrey Harrison.
All rights reserved. Reproduction or distribution without permission is
VE
prohibited.
D?
||| ||| || ||| || | || ||| | || ||| |
9780357716762
© MEDCONNOISSEUR
, Edrftgyihu
Test Bankjiuh
— Strategic Management: Concepts and Cases –
Competitiveness and Globalization, 14th Edition
Authors: Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson, Jeffrey S.
Harrison
ISBN: 9780357716762
ST
Part 1: Strategic Management Inputs
Chapter 1: Strategic Management and Strategic Competitiveness
UV
Chapter 2: The External Environment: Opportunities, Threats, Industry
Competition, and Competitor Analysis
Chapter 3: The Internal Organization: Resources, Capabilities, Core
Competencies, and Competitive Advantages
IA
Part 2: Strategic Actions — Strategy Formulation
_A
Chapter 4: Business-Level Strategy
Chapter 5: Competitive Rivalry and Competitive Dynamics
Chapter 6: Corporate-Level Strategy
Chapter 7: Merger and Acquisition Strategies and Restructuring
PP
Chapter 8: International Strategy
Chapter 9: Cooperative Strategy
RO
Part 3: Strategic Actions — Strategy Implementation
Chapter 10: Corporate Governance
Chapter 11: Organizational Structure and Controls
VE
Chapter 12: Strategic Leadership
Chapter 13: Strategic Entrepreneurship
D?
© MEDCONNOISSEUR
,Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14e Michael
Hitt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison (All Chapters 100% Original Verified, A+ Grade)
Chapter 01 - Strategic Management and Strategic Competitiveness
True / False
1. The difference between average and above-average returns is that average returns are returns that an investor expects to
earn from an investment as compared to other investments with similar stock prices, while above-average returns are in
excess of expectations for similarly priced stocks.
a. True
ST
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
UV
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
IA
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
_A
2. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure
the performance of the firms and determine their viability as an investment option is to examine financial metrics such as
returns on assets, and sales.
a. True
PP
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
RO
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
VE
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
D?
3. Examples of incremental innovations include iPads, Wi-Fi, and the web browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
Copyright Cengage Learning. Powered by Cognero. Page 1
, QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe the competitive landscape, and explain how globalization,
technological changes, and expectations of socially responsible behavior shape it.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
ST
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O and resource-based models contain many of the same steps. One clear difference between the two models is the
resource-based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with
an examination of the external environment. Another key difference is the resource-based model identifies an attractive
UV
industry much earlier in the process than does the I/O model.
a. True
b. False
ANSWER: False
POINTS: 1
IA
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
_A
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use the resource-based model to explain how firms can earn above-
average returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
PP
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
Multiple Choice
RO
5. What has a firm achieved when it successfully formulates and implements a value-creating strategy?
a. Strategic competitiveness
b. A permanently sustainable competitive advantage
c. Substantial returns
d. Legal and ethical core values
VE
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: Multiple Choice
D?
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Understand
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 5/17/2023 4:21 PM
Copyright Cengage Learning. Powered by Cognero. Page 2
Strategic Management Concepts and
Cases Competitiveness and
ST
Globalization 14th Edition
UV
TEST BANK
IA
Michael Hitt
_A
Duane Ireland
Robert Hoskisson
Jeffrey Harrison
PP
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
and Students
RO
© Michael Hitt, Duane Ireland, Robert Hoskisson & Jeffrey Harrison.
All rights reserved. Reproduction or distribution without permission is
VE
prohibited.
D?
||| ||| || ||| || | || ||| | || ||| |
9780357716762
© MEDCONNOISSEUR
, Edrftgyihu
Test Bankjiuh
— Strategic Management: Concepts and Cases –
Competitiveness and Globalization, 14th Edition
Authors: Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson, Jeffrey S.
Harrison
ISBN: 9780357716762
ST
Part 1: Strategic Management Inputs
Chapter 1: Strategic Management and Strategic Competitiveness
UV
Chapter 2: The External Environment: Opportunities, Threats, Industry
Competition, and Competitor Analysis
Chapter 3: The Internal Organization: Resources, Capabilities, Core
Competencies, and Competitive Advantages
IA
Part 2: Strategic Actions — Strategy Formulation
_A
Chapter 4: Business-Level Strategy
Chapter 5: Competitive Rivalry and Competitive Dynamics
Chapter 6: Corporate-Level Strategy
Chapter 7: Merger and Acquisition Strategies and Restructuring
PP
Chapter 8: International Strategy
Chapter 9: Cooperative Strategy
RO
Part 3: Strategic Actions — Strategy Implementation
Chapter 10: Corporate Governance
Chapter 11: Organizational Structure and Controls
VE
Chapter 12: Strategic Leadership
Chapter 13: Strategic Entrepreneurship
D?
© MEDCONNOISSEUR
,Test Bank for Strategic Management Concepts and Cases Competitiveness and Globalization 14e Michael
Hitt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison (All Chapters 100% Original Verified, A+ Grade)
Chapter 01 - Strategic Management and Strategic Competitiveness
True / False
1. The difference between average and above-average returns is that average returns are returns that an investor expects to
earn from an investment as compared to other investments with similar stock prices, while above-average returns are in
excess of expectations for similarly priced stocks.
a. True
ST
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
UV
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
IA
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
_A
2. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure
the performance of the firms and determine their viability as an investment option is to examine financial metrics such as
returns on assets, and sales.
a. True
PP
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
RO
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
VE
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
D?
3. Examples of incremental innovations include iPads, Wi-Fi, and the web browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
Copyright Cengage Learning. Powered by Cognero. Page 1
, QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe the competitive landscape, and explain how globalization,
technological changes, and expectations of socially responsible behavior shape it.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
ST
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O and resource-based models contain many of the same steps. One clear difference between the two models is the
resource-based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with
an examination of the external environment. Another key difference is the resource-based model identifies an attractive
UV
industry much earlier in the process than does the I/O model.
a. True
b. False
ANSWER: False
POINTS: 1
IA
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
_A
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use the resource-based model to explain how firms can earn above-
average returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
PP
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
Multiple Choice
RO
5. What has a firm achieved when it successfully formulates and implements a value-creating strategy?
a. Strategic competitiveness
b. A permanently sustainable competitive advantage
c. Substantial returns
d. Legal and ethical core values
VE
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: Multiple Choice
D?
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage,
above-average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Understand
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 5/17/2023 4:21 PM
Copyright Cengage Learning. Powered by Cognero. Page 2
