Test Bank
Strategic Management,
By Rothaermel Frank,
th
6 edition
,Table of contents:
Part one: analysis
Chapter 1: what is strategy?
Chapter 2: strategic leadership: managing the strategy process
Chapter 3: external analysis: industry structure, competitive forces, and strategic groups chapter 4:
internal analysis: resources, capabilities, and core competencies
Chapter 5: shared value and competitive advantage
Part two: formulation
Chapter 6: business strategy: differentiation, cost leadership, and blue oceans chapter
7: business strategy: innovation, entrepreneurship, and platforms chapter 8:
corporate strategy: vertical integration and diversification
Chapter 9: corporate strategy: strategic alliances, mergers and acquisitions chapter
10: global strategy: competing around the world
Part three: implementation
Chapter 11: organizational design: structure, culture, and control
Chapter 12: corporate governanance, business ethics and business models
,Test bank for
Strategic management 6th edition rothaermel frank
Isbn 9781265954574
Chapter 1-12 answers are at the end of each chapter
Chapter 1
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
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
Strategic Management,
By Rothaermel Frank,
th
6 edition
,Table of contents:
Part one: analysis
Chapter 1: what is strategy?
Chapter 2: strategic leadership: managing the strategy process
Chapter 3: external analysis: industry structure, competitive forces, and strategic groups chapter 4:
internal analysis: resources, capabilities, and core competencies
Chapter 5: shared value and competitive advantage
Part two: formulation
Chapter 6: business strategy: differentiation, cost leadership, and blue oceans chapter
7: business strategy: innovation, entrepreneurship, and platforms chapter 8:
corporate strategy: vertical integration and diversification
Chapter 9: corporate strategy: strategic alliances, mergers and acquisitions chapter
10: global strategy: competing around the world
Part three: implementation
Chapter 11: organizational design: structure, culture, and control
Chapter 12: corporate governanance, business ethics and business models
,Test bank for
Strategic management 6th edition rothaermel frank
Isbn 9781265954574
Chapter 1-12 answers are at the end of each chapter
Chapter 1
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
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
