TEST BANK STRATEGIC
MANAGEMENT 5TH
EDITION BY FRANK
ROTHAERMEL CHAPTER 1-
12|COMPLETE GUIDE A+
LATEST UPDATE 2025/2026
A+
,Table of contents
Chapter 1 What Is Strategy?
Chapter 2 Strategic Leadership: Managing The Strategy
Process
Chapter 3 External Analysis: Industry Structure,
Competitive Forces, And Strategic Groups
Chapter 4 Internal Analysis: Resources, Capabilities, And
Core Competencies
Chapter 5 Competitive Advantage, Firm Performance,
And Business Models
Chapter 6 Business Strategy: Differentiation, Cost
Leadership, And Blue Oceans
Chapter 7 Business Strategy: Innovation,
Entrepreneurship, And Platforms
Chapter 8 Corporate Strategy: Vertical Integration And
Diversification
Chapter 9 Corporate Strategy: Strategic Alliances,
Mergers And Acquisitions
Chapter 10 Global Strategy: Competing Around The
World
Chapter 11 Organizational Design: Structure, Culture,
, And
Chapter 12 Corporate Governance And Business Ethics
Chapter 1-12 answers are at the end of each chapter
Chapter 1
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
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
MANAGEMENT 5TH
EDITION BY FRANK
ROTHAERMEL CHAPTER 1-
12|COMPLETE GUIDE A+
LATEST UPDATE 2025/2026
A+
,Table of contents
Chapter 1 What Is Strategy?
Chapter 2 Strategic Leadership: Managing The Strategy
Process
Chapter 3 External Analysis: Industry Structure,
Competitive Forces, And Strategic Groups
Chapter 4 Internal Analysis: Resources, Capabilities, And
Core Competencies
Chapter 5 Competitive Advantage, Firm Performance,
And Business Models
Chapter 6 Business Strategy: Differentiation, Cost
Leadership, And Blue Oceans
Chapter 7 Business Strategy: Innovation,
Entrepreneurship, And Platforms
Chapter 8 Corporate Strategy: Vertical Integration And
Diversification
Chapter 9 Corporate Strategy: Strategic Alliances,
Mergers And Acquisitions
Chapter 10 Global Strategy: Competing Around The
World
Chapter 11 Organizational Design: Structure, Culture,
, And
Chapter 12 Corporate Governance And Business Ethics
Chapter 1-12 answers are at the end of each chapter
Chapter 1
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
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
