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MAN4720 Strategic Management UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Statements about contingency plans are true - Correct answers1)Only high-priority areas require the insurance of contingency plans. 2)Contingency plans minimize the impact of potential threats Refers to the need for strategists to examine sets of trends, as well as individual trends, in evaluating strategies? - Correct answersConsonance The strategy-evaluation process should - Correct answersfoster mutual u...

MAN 4720, Chapter 7, Exam 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS 1. The shakeout stage of the industry life cycle is dominated by a. The late majority b. Early adopters c. The early majority d. Laggards - Correct answersc. The early majority 2. An innovation that targets a new market with existing technologies is called a. A disruptive innovation b. An architectural innovation c. An incremental innovation d. A radical innovation - Correct answersb. An architectu...

MAN 4720, Exam 1, Chapter 3 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS 1. When managers understand the forces in the external environment, they are better able to a. Understand the firm's internal resources b. Achieve price stability c. Mitigate threats and leverage opportunities d. Illustrate the impact of strategic actions - Correct answersc. Mitigate threats and leverage opportunities 2. A group of companies that deal with more or less the same set of suppliers and buye...

MAN 4720, Exam 1, Chapter 4 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS 1. True or False: Core competencies allow a firm to distinguish itself from other firms that provide products or services a. False b. True - Correct answersb. True 2. The ____ view provides a model that sees certain types of resources as key to superior firm performance a. Capability-based b. Competency-based c. Resource-based d. Activity-based - Correct answersd. Activity-based

MAN 4720 Strategic Planning & Management UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Which of the following is most likely to raise concerns for a manager who is conducting a Five Forces Analysis for his firm? A. News reports that a leading firm in a related industry is looking for opportunities to use its growing cash stockpile for expansion. B. News reports that his industry is experiencing rapid growth in the demand for its product. C. News reports that a product many conside...

Exam 1 MAN 4720 Strategic Management UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS A competitive advantage that lasts for a long period of time is said to be sustainable. - Correct answersA competitive advantage that lasts for a long period of time is said to be ______________ strategy - Correct answersIn order to achieve and sustain competitive advantage, a company devises and adopts a set of goal directed actions known collectively as a Which of the following are elements of goo...

MAN 4720, Exam 1, Chapter 3 ACTUAL QUESTIONS AND CORRECT ANSWERS 1. When managers understand the forces in the external environment, they are better able to a. Understand the firm's internal resources b. Achieve price stability c. Mitigate threats and leverage opportunities d. Illustrate the impact of strategic actions - Correct answersc. Mitigate threats and leverage opportunities 2. A group of companies that deal with more or less the same set of suppliers and buyers ...

MAN 4720, Chapter 5, Exam 1 ACTUAL QUESTIONS AND CORRECT ANSWERS 1. Because external factors create volatility in stock prices, a better measure of a firm's performance over the long term is the a. Unemployment rate b. Total return to shareholders c. Sum total of the market's trajectory d. The NASDAQ computer index - Correct answersb. Total return to shareholders 2. Given that compared to the past the importance of intangible has increased, the importance of the firm...

Exam 1 MAN 4720 Strategic Management ACTUAL QUESTIONS AND CORRECT ANSWERS A competitive advantage that lasts for a long period of time is said to be sustainable. - Correct answersA competitive advantage that lasts for a long period of time is said to be ______________ strategy - Correct answersIn order to achieve and sustain competitive advantage, a company devises and adopts a set of goal directed actions known collectively as a Which of the following are elements of good stra...

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