TEST BANK FOR: For Strategic Management 5th Edition By Frank T. Rothaermel ISBN 978-1260261288 COMPLETE GUIDE ALL CHAPTERS COVERED 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!

1. TEST BANK FOOR STRATEGIC
MANAGEMENT 5TH EDITION




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, 2. Award:




A good strategy is a set of actions that enables a firmDto achieveDits own internalDgoals without regar d to t
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heDexternal environment. jk jk




True

➜ False



The success of a strategy heavily depends on theDext ernalD environment. A good strategy is a set of act i
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onsDthat enables a firmDtoDachieve superior performanceDrelative toDitsDcompetitors. InDthis light, a strat
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kegy whichDproducesDonlyDaDminor loss of revenues while competitors suffer heavyDlossesDcan beD seenDa
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j s successful.
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Difficulty: 2DMedium
jk j k j kLearning Objective: 01-01 Explain theDrole
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of strategy inDafirm'sDquest for competitive
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advantage.




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, For All Chapters -->Dwww.stuvia.com
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3. Award:




The following statement byDthe chief executive of GoFlix movieDstudioDis an effective strategy: “We willD p rod
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uce theDgreatest filmsDof theD21st century.”
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True

➜ False




GrandioseDstatements are not strategy. AlthoughDGoFlix’sDvision of producing theDhighest-
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j qualityDfilms among allDstudiosDmay lay theDfoundation for anDeffective strategy, it must beDbacked up
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by a clear set of actions that willDallow theDfirmDtoDaddressDthecompetitiveDchallenge with clear conside rati
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onDof valueD creationDand costs.
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Difficulty: 2DMedium jk j k j Learning Objective: 01-02DDefine
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competitive advantage, sustainable comp jk jk j k j


ketitiveDadvantage, competitiveD disadvanta jk j k


j ge, and competitiveDparity.
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4. Award:




ThethreeDtasksDof theDAFI strategy framework are to Assemblea prototype, Find a buyer, and Incorpor
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atefeedback. jk




True

➜ False




The threeDtasks of theDAFI strategy framework are toDAnalyze, Formulate, and Imp lement. This framew
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korkD(1) explainsDand predictsDdifferences inDfirmDperformance, and (2) helps manager s formulate and impl
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j ement aDstrategyDgrounded in internalDand externalDanalysis that can result in superior performance.
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Difficulty: 2DMedium jk j k j Learning Objective: 01-05DExplainDthe
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Analysis, Formulation, Implementation (AFI)jk jk jk j


StrategyDFramework.
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