Assignmentf 7 Printf7 View
Forf7Allf7Chaptersf7--
>f7www.stuvia.com
Testf7Bankf7Forf7Strategicf7Management
f7f7 5thf7Editionf7Byf7Frankf7Rothaermelf7(f7
)f7/f7f79781260261288f7/f7Chapterf71-
12f7/f7f7Completef7Questionsf7andf7Answe
rsf7A+
1. Award:
Af7goodf7strategyf7isf7af7setf7off7actionsf7thatf7enablesf7af7firmf7tof7achievef7itsf7ownf7interna
lf7goalsf7withoutf7regardf7tof 7 thef7externalf7environment.
True
➜ False
Thef7successf7off7af7strategyf7heavilyf7dependsf7onf7thef7externalf7environment.f7Af7goodf7st
rategyf7isf7af7setf7off 7 actionsf7thatf7enablesf7af7firmf7tof7achievef7superiorf7performancef7rel
ativef7tof7itsf7competitors.f7Inf7thisf7light,f7af 7 strategyf7whichf7producesf7onlyf7af7minorf7los
sf7off7revenuesf7whilef7competitorsf7sufferf7heavyf7lossesf7canf7bef 7 seenf7asf7successful.
Difficulty:f72f7Medium Learningf7Objective:f7 01-01f7Explainf7 thef7role
off7strategyf7inf7af7firm'sf7questf7forf7c
ompetitivef 7 advantage.
about:blank 1/178
, Forf7Allf7Chaptersf7-->f7www.stuvia.com
2. Award:
Thef7followingf7statementf7byf7thef7chieff7executivef7off7GoFlixf7movief7studio f7isf7anf7effectivef
7strategy:f7“Wef7willf 7 producef7thef7greatestf7filmsf7off7thef721stf7century.”
True
➜ False
Grandiosef7statementsf7aref7notf7strategy.f7Althoughf7GoFlix’sf7visionf7off7producingf7thef7hig
hest-
qualityf7filmsf 7 amongf7allf7studiosf7mayf7layf7thef7foundationf7forf7anf7effectivef7strategy,f7
itf7mustf7bef7backedf7upf7byf7af7clearf7setf 7 off7actionsf7thatf7willf7allowf7thef7firmf7tof7add
ressf7thef7competitivef7challengef7withf7clearf7considerationf7off7valuef 7 creationf7andf7costs.
Difficulty:f72f7Medium Learningf7Objective:f701-02f7Define
competitivef7advantage,f7sustainablef 7
competitivef7advantage,f7competitivef
7 disadvantage,f7andf7competitivef7parity
.
3. Award:
Thef7threef7tasksf7off7thef7AFIf7strategyf7frameworkf7aref7tof7Assemblef7af7prototype,f7Findf7
af7buyer,f7andf 7 Incorporatef7feedback.
True
➜ False
Thef7threef7tasksf7off7thef7AFIf7strategyf7frameworkf7aref7tof7Analyze,f7Formulate,f7andf7Impl
ement.f7Thisf 7 frameworkf7(1)f7explainsf7andf7predictsf7differencesf7inf7firmf7performance,f7andf
7(2)f7helpsf7managersf7formulatef 7 andf7implementf7af7strategyf7groundedf7inf7internalf7andf7e
xternalf7analysisf7thatf7canf7resultf7inf7superiorf 7 performance.
Difficulty:f72f7Medium Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7
(AFI)f 7 Strategyf7Framework.
https://ezto.mheducation.com/hm_management.tpx 2/95
about:blank 2/178
, Thisf7isf7af7preview
Dof7youf7wantf7fullf7access?f7Gof7Premiumf7andf7unlockf7allf795f7pag
es
Accessf7tof7allf7docume
ntsf7Getf7Unlimitedf7Dow
nloadsf7Improvef7yourf7
grades
Freef7Trial
Getf730f7daysf7off7freef7Premium
Upload
Sharef7yourf7documentsf7tof7unlock
about:blank 3/178
, Forf7Allf7Chaptersf7-->f7www.stuvia.com
4. Award:
Questionsf7askedf7duringf7thef7strategyf7analysisf7stagef7off7thef7AFIf7frameworkf7includef7“Ho
wf7doesf7thef7firmf 7 makef7money?”f7andf7“Whatf7effectsf7dof7forcesf7inf7thef7externalf7enviro
nmentf7havef7onf7thef7firm’sf7potentialf7tof 7 gainf7andf7sustainf7af7competitivef7advantage?”
➜ True
f7F
alse
Strategyf7analysisf7involvesf7considerationf7off7bothf7thef7firm’sf7internalf7andf7externalf7environ
ments,f7andf7thef 7 rolef7thatf7strategicf7managersf7playf7inf7establishingf7andf7maintainingf7af7
competitivef7advantage.
Difficulty:f73f7Hard Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7(
AFI)f 7 Strategyf7Framework.
5. Award:
Oncef7af7strategyf7hasf7beenf7formulatedf7andf7implemented,f7itf7isf7importantf7thatf7thef7firmf7
sticksf7tof7itf7nof7matterf 7 whatf7happens.
True
➜ False
Strategicf7leadersf7makef7decisionsf7underf7conditionsf7off7uncertaintyf7andf7complexity.f7Theyf
7mustf7carefullyf 7 monitorf7andf7evaluatef7thef7progressf7towardf7keyf7strategicf7objectivesf7a
ndf7makef7adjustmentsf7byf7fine-f 7 tuningf7anyf7strategyf7asf7necessary.
Difficulty:f72f7Medium Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7(
AFI)f 7 Strategyf7Framework.
https://ezto.mheducation.com/hm_management.tpx 3/95
about:blank 4/178
Forf7Allf7Chaptersf7--
>f7www.stuvia.com
Testf7Bankf7Forf7Strategicf7Management
f7f7 5thf7Editionf7Byf7Frankf7Rothaermelf7(f7
)f7/f7f79781260261288f7/f7Chapterf71-
12f7/f7f7Completef7Questionsf7andf7Answe
rsf7A+
1. Award:
Af7goodf7strategyf7isf7af7setf7off7actionsf7thatf7enablesf7af7firmf7tof7achievef7itsf7ownf7interna
lf7goalsf7withoutf7regardf7tof 7 thef7externalf7environment.
True
➜ False
Thef7successf7off7af7strategyf7heavilyf7dependsf7onf7thef7externalf7environment.f7Af7goodf7st
rategyf7isf7af7setf7off 7 actionsf7thatf7enablesf7af7firmf7tof7achievef7superiorf7performancef7rel
ativef7tof7itsf7competitors.f7Inf7thisf7light,f7af 7 strategyf7whichf7producesf7onlyf7af7minorf7los
sf7off7revenuesf7whilef7competitorsf7sufferf7heavyf7lossesf7canf7bef 7 seenf7asf7successful.
Difficulty:f72f7Medium Learningf7Objective:f7 01-01f7Explainf7 thef7role
off7strategyf7inf7af7firm'sf7questf7forf7c
ompetitivef 7 advantage.
about:blank 1/178
, Forf7Allf7Chaptersf7-->f7www.stuvia.com
2. Award:
Thef7followingf7statementf7byf7thef7chieff7executivef7off7GoFlixf7movief7studio f7isf7anf7effectivef
7strategy:f7“Wef7willf 7 producef7thef7greatestf7filmsf7off7thef721stf7century.”
True
➜ False
Grandiosef7statementsf7aref7notf7strategy.f7Althoughf7GoFlix’sf7visionf7off7producingf7thef7hig
hest-
qualityf7filmsf 7 amongf7allf7studiosf7mayf7layf7thef7foundationf7forf7anf7effectivef7strategy,f7
itf7mustf7bef7backedf7upf7byf7af7clearf7setf 7 off7actionsf7thatf7willf7allowf7thef7firmf7tof7add
ressf7thef7competitivef7challengef7withf7clearf7considerationf7off7valuef 7 creationf7andf7costs.
Difficulty:f72f7Medium Learningf7Objective:f701-02f7Define
competitivef7advantage,f7sustainablef 7
competitivef7advantage,f7competitivef
7 disadvantage,f7andf7competitivef7parity
.
3. Award:
Thef7threef7tasksf7off7thef7AFIf7strategyf7frameworkf7aref7tof7Assemblef7af7prototype,f7Findf7
af7buyer,f7andf 7 Incorporatef7feedback.
True
➜ False
Thef7threef7tasksf7off7thef7AFIf7strategyf7frameworkf7aref7tof7Analyze,f7Formulate,f7andf7Impl
ement.f7Thisf 7 frameworkf7(1)f7explainsf7andf7predictsf7differencesf7inf7firmf7performance,f7andf
7(2)f7helpsf7managersf7formulatef 7 andf7implementf7af7strategyf7groundedf7inf7internalf7andf7e
xternalf7analysisf7thatf7canf7resultf7inf7superiorf 7 performance.
Difficulty:f72f7Medium Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7
(AFI)f 7 Strategyf7Framework.
https://ezto.mheducation.com/hm_management.tpx 2/95
about:blank 2/178
, Thisf7isf7af7preview
Dof7youf7wantf7fullf7access?f7Gof7Premiumf7andf7unlockf7allf795f7pag
es
Accessf7tof7allf7docume
ntsf7Getf7Unlimitedf7Dow
nloadsf7Improvef7yourf7
grades
Freef7Trial
Getf730f7daysf7off7freef7Premium
Upload
Sharef7yourf7documentsf7tof7unlock
about:blank 3/178
, Forf7Allf7Chaptersf7-->f7www.stuvia.com
4. Award:
Questionsf7askedf7duringf7thef7strategyf7analysisf7stagef7off7thef7AFIf7frameworkf7includef7“Ho
wf7doesf7thef7firmf 7 makef7money?”f7andf7“Whatf7effectsf7dof7forcesf7inf7thef7externalf7enviro
nmentf7havef7onf7thef7firm’sf7potentialf7tof 7 gainf7andf7sustainf7af7competitivef7advantage?”
➜ True
f7F
alse
Strategyf7analysisf7involvesf7considerationf7off7bothf7thef7firm’sf7internalf7andf7externalf7environ
ments,f7andf7thef 7 rolef7thatf7strategicf7managersf7playf7inf7establishingf7andf7maintainingf7af7
competitivef7advantage.
Difficulty:f73f7Hard Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7(
AFI)f 7 Strategyf7Framework.
5. Award:
Oncef7af7strategyf7hasf7beenf7formulatedf7andf7implemented,f7itf7isf7importantf7thatf7thef7firmf7
sticksf7tof7itf7nof7matterf 7 whatf7happens.
True
➜ False
Strategicf7leadersf7makef7decisionsf7underf7conditionsf7off7uncertaintyf7andf7complexity.f7Theyf
7mustf7carefullyf 7 monitorf7andf7evaluatef7thef7progressf7towardf7keyf7strategicf7objectivesf7a
ndf7makef7adjustmentsf7byf7fine-f 7 tuningf7anyf7strategyf7asf7necessary.
Difficulty:f72f7Medium Learningf7Objective:f701-05f7Explainf7the
Analysis,f7Formulation,f7Implementationf7(
AFI)f 7 Strategyf7Framework.
https://ezto.mheducation.com/hm_management.tpx 3/95
about:blank 4/178
