Strategic Management Chapter 9
Questions & Answers(RATED A+)
Strategists can grow their firms by growing organically through internal development or externally
through alliances and ______.
Multiple choice question.
divesting businesses
PESTEL analysis
capabilities
acquisitions - ANSWERacquisitions
A conceptual model that helps strategists choose between seeking internal development, entering
into an alliance, or acquiring new resources, capabilities, and competencies is called the "______
framework."
Multiple choice question.
build-borrow-or-buy
organic growth
capability development
internal-versus-external growth - ANSWERbuild-borrow-or-buy
A voluntary arrangement between firms to share knowledge, resources, and capabilities to develop
products, processes, or services is known as a ______.
Multiple choice question.
wholly owned subsidiary
merger
strategic alliance
hostile takeover - ANSWERstrategic alliance
One reason why a firm might enter into a strategic alliance is to ______.
Multiple choice question.
exit markets
, increase the number of entrants in the market
weaken competitive position
hedge against uncertainty - ANSWERhedge against uncertainty
The three mechanisms to govern alliances are non-equity alliances, equity alliances, and ______.
Multiple choice question.
licensing structure
joint venture
wholly owned subsidiaries
franchise - ANSWERjoint venture
A firm must decide whether to build, borrow, or buy to answer the question of ______.
Multiple choice question.
how it will achieve growth
when to start growth
why it must grow
who must initiate growth - ANSWERhow it will achieve growth
Which of the following are the three choices in the build-borrow-or-buy framework? (Check all that
apply.)
Multiple select question.
elimination of product costs
strategic alliances
acquisition of new resources
internal development - ANSWERstrategic alliances
acquisition of new resources
internal development
In order for an alliance to qualify as ______, it must have the potential to alter a company's
competitive advantage.
Multiple choice question.
a partnership
Questions & Answers(RATED A+)
Strategists can grow their firms by growing organically through internal development or externally
through alliances and ______.
Multiple choice question.
divesting businesses
PESTEL analysis
capabilities
acquisitions - ANSWERacquisitions
A conceptual model that helps strategists choose between seeking internal development, entering
into an alliance, or acquiring new resources, capabilities, and competencies is called the "______
framework."
Multiple choice question.
build-borrow-or-buy
organic growth
capability development
internal-versus-external growth - ANSWERbuild-borrow-or-buy
A voluntary arrangement between firms to share knowledge, resources, and capabilities to develop
products, processes, or services is known as a ______.
Multiple choice question.
wholly owned subsidiary
merger
strategic alliance
hostile takeover - ANSWERstrategic alliance
One reason why a firm might enter into a strategic alliance is to ______.
Multiple choice question.
exit markets
, increase the number of entrants in the market
weaken competitive position
hedge against uncertainty - ANSWERhedge against uncertainty
The three mechanisms to govern alliances are non-equity alliances, equity alliances, and ______.
Multiple choice question.
licensing structure
joint venture
wholly owned subsidiaries
franchise - ANSWERjoint venture
A firm must decide whether to build, borrow, or buy to answer the question of ______.
Multiple choice question.
how it will achieve growth
when to start growth
why it must grow
who must initiate growth - ANSWERhow it will achieve growth
Which of the following are the three choices in the build-borrow-or-buy framework? (Check all that
apply.)
Multiple select question.
elimination of product costs
strategic alliances
acquisition of new resources
internal development - ANSWERstrategic alliances
acquisition of new resources
internal development
In order for an alliance to qualify as ______, it must have the potential to alter a company's
competitive advantage.
Multiple choice question.
a partnership
