IB 300 TEST 3 LATEST UPDATE
Which of the following is correct about scenario? - ANSWER 1. Scenarios
are intended to be plausible and challenging stories.
2. Managers develop scenarios and use them for discussion.
Which of the following is correct about scenario analyses? - ANSWER 1.
The objective of the process is to force executives to question their
assumptions about the environment.
2. The process attempts to incorporate the uncertainty and potential
changes that might impact strategic and operational performance.
International Strategy - ANSWER 1. Needs to be consistent with the
demands of the international competitive environment.
2. Is concerned with the way firms make fundamental choices about
developing and deploying scarce resources internationally.
3. Has a goal of achieving and maintaining competitive advantage.
To be effective, a company's international strategy - ANSWER Needs to be
consistent with the variety of demands associated with operating in the
international competitive environment
A company's ability to achieve and maintain a unique and valuable
competitive position both within a nation and globally, generating higher
rates of profit than its competitors, is known as... - ANSWER Competitive
Advantage
, Which of the following is correct regarding the skills or competencies a
company must develop in order to achieve a sustainable competitive
advantage? - ANSWER They are difficult to substitute for.
To create a competitive advantage that is sustainable over time, the
international company should try to develop competencies that.... -
ANSWER Create value for customers and for which they are willing to pay.
Managers of international companies that are attempting to develop a
competitive advantage face a formidable challenge because.... - ANSWER
1. Resources are always scarce.
2. There are many alternative ways to use the company's scarce
resources.
3. Managers are forced to make choices regarding what to do and what not
to do.
The process by which an organization determines where it is going in the
future, how it will get there, and how it will assess whether and to what
extent it has achieved its goals is known as.... - ANSWER Strategic
Planning
According to the text, when the managers are analyzing the corporate
controllable variables, the three key questions managers must address
about their business include... - ANSWER 1. Who are the company's target
customers?
2. What value does the company want to deliver to their customers?
3. How will the customers value be created?
An assessment conducted on the chain of interlinked activities of an
organization or set of interconnected organizations, intended to determine
where and to what extent value is added to the final product or service is
known as... - ANSWER Value Chain Analysis
Knowledge that an individual has but that is difficult to express clearly in
words, pictures, or formulae, and therefore difficult to transmit to others is
known as... - ANSWER Tacit Knowledge
Knowledge that an individual has that is easy to express clearly in words,
pictures, or formulae is known as.... - ANSWER Explicit Knowledge
Which of the following is correct about scenario? - ANSWER 1. Scenarios
are intended to be plausible and challenging stories.
2. Managers develop scenarios and use them for discussion.
Which of the following is correct about scenario analyses? - ANSWER 1.
The objective of the process is to force executives to question their
assumptions about the environment.
2. The process attempts to incorporate the uncertainty and potential
changes that might impact strategic and operational performance.
International Strategy - ANSWER 1. Needs to be consistent with the
demands of the international competitive environment.
2. Is concerned with the way firms make fundamental choices about
developing and deploying scarce resources internationally.
3. Has a goal of achieving and maintaining competitive advantage.
To be effective, a company's international strategy - ANSWER Needs to be
consistent with the variety of demands associated with operating in the
international competitive environment
A company's ability to achieve and maintain a unique and valuable
competitive position both within a nation and globally, generating higher
rates of profit than its competitors, is known as... - ANSWER Competitive
Advantage
, Which of the following is correct regarding the skills or competencies a
company must develop in order to achieve a sustainable competitive
advantage? - ANSWER They are difficult to substitute for.
To create a competitive advantage that is sustainable over time, the
international company should try to develop competencies that.... -
ANSWER Create value for customers and for which they are willing to pay.
Managers of international companies that are attempting to develop a
competitive advantage face a formidable challenge because.... - ANSWER
1. Resources are always scarce.
2. There are many alternative ways to use the company's scarce
resources.
3. Managers are forced to make choices regarding what to do and what not
to do.
The process by which an organization determines where it is going in the
future, how it will get there, and how it will assess whether and to what
extent it has achieved its goals is known as.... - ANSWER Strategic
Planning
According to the text, when the managers are analyzing the corporate
controllable variables, the three key questions managers must address
about their business include... - ANSWER 1. Who are the company's target
customers?
2. What value does the company want to deliver to their customers?
3. How will the customers value be created?
An assessment conducted on the chain of interlinked activities of an
organization or set of interconnected organizations, intended to determine
where and to what extent value is added to the final product or service is
known as... - ANSWER Value Chain Analysis
Knowledge that an individual has but that is difficult to express clearly in
words, pictures, or formulae, and therefore difficult to transmit to others is
known as... - ANSWER Tacit Knowledge
Knowledge that an individual has that is easy to express clearly in words,
pictures, or formulae is known as.... - ANSWER Explicit Knowledge
