WPC 470 Exam Questions Exam Questions And Answers

WPC 470 Exam Questions Exam Questions And Answers When firms are purchased in the same industry, this is known as: - ANSWER horizontal acquisition Effectively using executive compensation as a governance mechanism is particularly challenging for firms implementing _____ strategies. - ANSWER international By sharing resources and knowledge between units and network partners across country borders, firms learn how to create - ANSWER synergy Which of the following criterion is most likely to be used to measure the success of a small, new company, Hippolite Mud Resort, which opened six months ago? - ANSWER Speed of growth An appropriate guideline for competitor intelligence practices includes which of the following? - ANSWER Respect the principles of common morality. Managing the business units of a geographically diverse multinational firm requires skill, not only in managing a _____ set of businesses, but also coordinating _____ points of view emerging from businesses located in countries and regions. - ANSWER decentralized; diverse All of the following are value-creating reasons for diversification EXCEPT: - ANSWER risk reduction for the firm Ted is one of the production managers at Agritech Industries. He feels that changes to products are disruptive to the production procedures that are currently in place. In general, therefore, Ted views innovations as threats. Ted lacks: - ANSWER an entrepreneurial mind-set. Which of the following is a reason why it can be difficult for boards of directors to effectively assess top-level managers' decisions on a regular basis? - ANSWER Typically, the effects of top-level managers' decisions are stronger on the firm's long-term performance than its short-term performance. International corporate-level strategy focuses on the scope of a firm's operations through _____ diversification. - ANSWER geographic A company that pursues a diversifying strategic alliance might be motivated by the desire to: - ANSWER enter a new market. What is the determinant of national advantage that fosters the growth of certain industries and varies greatly from nation to nation? - ANSWER Firm strategy, structure, and rivalry Which of the following is one of the most effective strategic leadership styles? - ANSWER Transformational leadership When creating value through internal innovation processes, which of the following is important for promoting integrated new product design ideas? - ANSWER Cross-functional product teams