TESTBANKPROF
Test Bank For Strategic Management
6th Edition Rothaermel Frank
ISBN 9781266191862
~1~
,TESTBANKPROF
TABLE OF CONTENTS
Chapter 1: Analysis? 3
Chapter 2: Strategic Leadership: Managing the Strategy Process 32
Chapter 3: External Analysis: Industry Structure, Competitive Forces, and Strategic Groups 67
Chapter 4: Internal Analysis: Resources, Capabilities, and Core Competencies 100
Chapter 5: Shared Value and Competitive Advantage 135
Chapter 6: Business Strategy: Differentiation, Cost Leadership, and Blue Oceans 170
Chapter 7: Business Strategy: Innovation, Entrepreneurship, and Platforms 204
Chapter 8: Corporate Strategy: Vertical Integration and Diversification 237
Chapter 9: Corporate Strategy: Strategic Alliances, Mergers and Acquisitions 271
Chapter 10: Global Strategy: Competing Around the World 307
Chapter 11: Organizational Design: Structure, Culture, and Control 344
Chapter 12: Corporate Governance, Business Ethics, and Business Models 379
~2~
,TESTBANKPROF
CHAPTER 1-12 ANSWERS ARE AT THE END OF EACH CHAPTER
Chapter 1: Analysis?
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
~3~
, TESTBANKPROF
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
10) Roberta is interested in the concept of strategy and decides to create her own. As a
result, Roberta says that her strategy is to focus on competitive benchmarking to achieve
competitive advantage. Which is the best evaluation of Roberta’s statement?
A) Roberta’s strategy is clear, but she should provide more detail.
B) Roberta’s strategy reveals a clear strategic position and tradeoff, so she should proceed.
C) Roberta should reevaluate her statement because it fails to mention more than one
strategy.
~4~
Test Bank For Strategic Management
6th Edition Rothaermel Frank
ISBN 9781266191862
~1~
,TESTBANKPROF
TABLE OF CONTENTS
Chapter 1: Analysis? 3
Chapter 2: Strategic Leadership: Managing the Strategy Process 32
Chapter 3: External Analysis: Industry Structure, Competitive Forces, and Strategic Groups 67
Chapter 4: Internal Analysis: Resources, Capabilities, and Core Competencies 100
Chapter 5: Shared Value and Competitive Advantage 135
Chapter 6: Business Strategy: Differentiation, Cost Leadership, and Blue Oceans 170
Chapter 7: Business Strategy: Innovation, Entrepreneurship, and Platforms 204
Chapter 8: Corporate Strategy: Vertical Integration and Diversification 237
Chapter 9: Corporate Strategy: Strategic Alliances, Mergers and Acquisitions 271
Chapter 10: Global Strategy: Competing Around the World 307
Chapter 11: Organizational Design: Structure, Culture, and Control 344
Chapter 12: Corporate Governance, Business Ethics, and Business Models 379
~2~
,TESTBANKPROF
CHAPTER 1-12 ANSWERS ARE AT THE END OF EACH CHAPTER
Chapter 1: Analysis?
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
~3~
, TESTBANKPROF
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
10) Roberta is interested in the concept of strategy and decides to create her own. As a
result, Roberta says that her strategy is to focus on competitive benchmarking to achieve
competitive advantage. Which is the best evaluation of Roberta’s statement?
A) Roberta’s strategy is clear, but she should provide more detail.
B) Roberta’s strategy reveals a clear strategic position and tradeoff, so she should proceed.
C) Roberta should reevaluate her statement because it fails to mention more than one
strategy.
~4~
