TEST BANK
For Strategic Management, 6th Edition By
Rothaermel Frank, Verified Chapters 1 - 12, Complete
Newest Version
,TEST BANK FOR
Strategic Management 6th Edition Rothaermel Frank
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
competitiveadvantage 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,
andIncorporate 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
andsustain a competitive advantage?”
⊚ true
⊚ false
, 5) Once a strategy has been formulated and implemented, it is important that the firm sticks
to itno matter what happens.
⊚ true
⊚ false
6) Because they are a crucial component of a firm’s success, customers are considered
internalstakeholders.
⊚ true
⊚ false
7) A firm is required by society and its shareholders to meet its ethical and
philanthropicresponsibilities.
⊚ true
⊚ false
8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize
theneeds of different stakeholders.
⊚ true
⊚ false
9) Juan wants to open his own hot dog restaurant but doesn’t know anything about business.
Heneeds 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
For Strategic Management, 6th Edition By
Rothaermel Frank, Verified Chapters 1 - 12, Complete
Newest Version
,TEST BANK FOR
Strategic Management 6th Edition Rothaermel Frank
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
competitiveadvantage 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,
andIncorporate 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
andsustain a competitive advantage?”
⊚ true
⊚ false
, 5) Once a strategy has been formulated and implemented, it is important that the firm sticks
to itno matter what happens.
⊚ true
⊚ false
6) Because they are a crucial component of a firm’s success, customers are considered
internalstakeholders.
⊚ true
⊚ false
7) A firm is required by society and its shareholders to meet its ethical and
philanthropicresponsibilities.
⊚ true
⊚ false
8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize
theneeds of different stakeholders.
⊚ true
⊚ false
9) Juan wants to open his own hot dog restaurant but doesn’t know anything about business.
Heneeds 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
