Strategic Management Test Bank

Strategic Management, 4e (Rothaermel) Chapter 1 What Is Strategy? 1) A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment. 2) The following statement by the chief executive of SunStar movie studio is an effective strategy: "We will produce the greatest films of the 21st century." 3) A vision describes in broad, inspirational terms what an organization hopes to accomplish in the future. 4) A mission d...

Chapter 3 Internal Analysis Resources and Competitive Advantage TRUEFALSE 1. Internal analysis is concerned with identifying a company's opportunities and threats. (A) True (B) False Answer : (B) 2. Together with an analysis of the company's external environment, internal analysis gives managers the information they need to choose the business model and strategies that will enable their company to attain a sustained competitive advantage. (A) True (B) False Answer : (A) 3. Distinctive ...

Chapter 03 Types and Patterns of Innovation True / False Questions 1. The path a technology follows through time is termed as technology trajectory. True False 2. Product innovations are more important than process innovations to organizations because they are less visible than process innovations. True False 3. An innovation can be competence enhancing to one firm, while competence destroying for another. True False 4. A modular innovation signific...