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Name: Class: Date: Chapter 01: Strategic Management and Strategic Competitiveness True / False 1. Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy. a. True b. False ANSWER: True 2. Alligator Enterprises has earned above-average returns since its founding five years ago. No other firm has challenged Alligator in its particular market niche; therefore, the firm's owners can feel secure that Alligator has established a competitive advantage. a. True b. False ANSWER: False 3. The goal of strategy implementation is to develop a permanent competitive advantage. a. True b. False ANSWER: False 4. Risk in terms of financial returns reflects an investor's uncertainty about the economic gains or losses that will result from a particular investment. a. True b. False ANSWER: True 5. The difference between average and above-average returns is that average returns are returns that an investor expects to earn from an investment as compared to other investments with similar stock prices, while above-average returns are in excess of expectations for similarly priced stocks. a. True b. False ANSWER: False 6. Above-average returns are returns in excess of what an investor expects to earn from other investments with a similar amount of risk. a. True b. False ANSWER: True 7. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure the performance of the firms and determine their viability as an investment option is to examine financial metrics such as returns on assets, and sales. a. True b. False ANSWER: False 8. To implement a firm’s strategies, the firm takes actions to enact each strategy with the intent of achieving strategic Copyright Cengage Learning. Powered by Cognero.Page 1 MAN 4900 Chapter 10 Quiz on BSG1.) Which one of the following statements about the process ofdeveloping and strengthening execution-critical resources andcapabilities is false?Often, the quickest and least expensivemeans of developing and strengthening a company’s portfolioof resources and capabilities is to make recruiting andretaining capable employees the company’s top organization-building priority.2.)Making those organizational units performing strategy-criticalvalue chain activities the main building blocks in the enterprise’sorganizational schemehas the advantages of giving theseorganizational units the resources, decision-making influence,and organizational visibility they need to execute their piece ofthe strategy capably.3.)For a company’s top executives to successfully overcome thechallenge of building a dynamically evolving set of capabilitiesand competencies with maximum competitive power in themarketplace, they must(1) make capability-building acompanywide priority, where senior executives hold alloperating-level managers responsible and accountable forroutinely taking actions to improve the performance of valuechain activities (most especially those deemed critical tocompetitive success and (2) have a managerial team with theforesight to develop new or innovatively enhanced resources Which of the following statements about the process of developing capabilities internally is correct quizlet?Which of the following statements about the process of developing capabilities internally is correct? Developing capabilities internally is a collaborative process that often happens through the combined efforts of different departments.
Which of the following statements about the benefits of assembling a highly capable management team is correct?Which of the following statements about the benefits of assembling a highly capable management team is correct? Managers who work well together can produce better results than one or two managers working on their own.
Which of the following statements best describes the process of crafting a business strategy quizlet?Which of the following statements best describes the process of crafting a business strategy? Crafting business strategy is based on the analysis of market conditions and the company's resources.
What are the three key actions in building an organization capable of good strategy execution choose every correct answer?developing strong management and finding the right employees for the organization.. implementing sound structure within the organization.. finding and growing the needed resources and skills necessary for strong strategy execution.. |
Which of the following statements about developing resources and capabilities is true?
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