mgmt 451 ch1
01
Student: ___________________________________________________________________________
1.
A firm that formulates and implements a strategy that leads to superior performance has competitive advantage. True False
2.
Competitive advantage is an absolute measure of superior firm performance.
True False
3.
The essential core of strategy is doing the same thing as your rivals but being more effective at it.
True False
4.
The term strategy is meant to describe the firm's overall quest for competitive advantage.
True False
5.
Assumptions have no major role in the development of strategies for an organization.
True False
6.
Industry effects clearly are more significant than firm-level effects on firm performance.
True False
7.
Business strategy concerns the choice of strategy in terms of where to compete.
True False
8.
A business model is not directly connected to how a firm makes money.
True False
9.
IBM as a U.S. company has a majority of its revenues from the United States.
True False
10. BRIC countries include Britain, Russia, Ireland, and Chile and are likely to be the fastest-growing economies in the world.
True False
11. Firms will refer to the "bottom of the pyramid" of the global economy for significant business opportunities, thus improving the living standard of the world's poorest.
True False
12. Crowdsourcing is where a group of people voluntarily performs tasks that were traditionally completed by a firm's employees.
True False
13. The AOL TimeWarner merger is viewed as beneficial for shareholder value.
True False
14. Stakeholders cannot exert a powerful influence on firms.
True False
15. The AFI Strategy Framework is used by managers to implement a human resource strategy for all employees within a firm.
True False
16. Google's initial competitive advantage over AltaVista and Yahoo was what?
A. Its location in Menlo Park
B. The PageRank algorithm
C. Brand recognition
Student: ___________________________________________________________________________
1.
A firm that formulates and implements a strategy that leads to superior performance has competitive advantage. True False
2.
Competitive advantage is an absolute measure of superior firm performance.
True False
3.
The essential core of strategy is doing the same thing as your rivals but being more effective at it.
True False
4.
The term strategy is meant to describe the firm's overall quest for competitive advantage.
True False
5.
Assumptions have no major role in the development of strategies for an organization.
True False
6.
Industry effects clearly are more significant than firm-level effects on firm performance.
True False
7.
Business strategy concerns the choice of strategy in terms of where to compete.
True False
8.
A business model is not directly connected to how a firm makes money.
True False
9.
IBM as a U.S. company has a majority of its revenues from the United States.
True False
10. BRIC countries include Britain, Russia, Ireland, and Chile and are likely to be the fastest-growing economies in the world.
True False
11. Firms will refer to the "bottom of the pyramid" of the global economy for significant business opportunities, thus improving the living standard of the world's poorest.
True False
12. Crowdsourcing is where a group of people voluntarily performs tasks that were traditionally completed by a firm's employees.
True False
13. The AOL TimeWarner merger is viewed as beneficial for shareholder value.
True False
14. Stakeholders cannot exert a powerful influence on firms.
True False
15. The AFI Strategy Framework is used by managers to implement a human resource strategy for all employees within a firm.
True False
16. Google's initial competitive advantage over AltaVista and Yahoo was what?
A. Its location in Menlo Park
B. The PageRank algorithm
C. Brand recognition