Question<\/p>\n
Question 1<\/b><\/p>\n
Companies can achieve growth mainly by ____.<\/p>\n
Answer<\/p>\n
shrinking the scope of their business<\/p>\n
growing internally through direct expansion or creating new businesses<\/p>\n
deleting all cash cows from their portfolios<\/p>\n
only maintaining stars in their portfolios<\/p>\n
Question 2<\/b><\/p>\n
Imagine Dow Chemical is conducting a situational analysis. According to its sales, Dow is the second largest chemical company in the world. BASF is the largest. Both companies use a similar strategy. Within Dow’s situational analysis, BASF would be classified as a ____.<\/p>\n
Answer<\/p>\n
cash cow<\/p>\n
primary firms<\/p>\n
unrelated firm<\/p>\n
core firm<\/p>\n
secondary firm<\/p>\n
Question 3<\/b><\/p>\n
The research on diversification in portfolio management indicates that the best approach is probably ____.<\/p>\n
Answer<\/p>\n
related differentiation<\/p>\n
related diversification<\/p>\n
unrelated diversification<\/p>\n
repositioning<\/p>\n
no diversification<\/p>\n
Question 4<\/b><\/p>\n
Which of the following organizations are most directly in competition with each other?<\/p>\n
Answer<\/p>\n
Kmart and Gap<\/p>\n
a local flower shop and a grocery store that sells flowers<\/p>\n
FedEx and UPS<\/p>\n
an independent bookstore and a library<\/p>\n
HBO and UPN television network<\/p>\n
Question 5<\/b><\/p>\n
An organization which is a ____ in terms of its adaptive strategy would NOT follow a consistent strategy.<\/p>\n
Answer<\/p>\n
defender<\/p>\n
pioneer<\/p>\n
analyzer<\/p>\n
reactor<\/p>\n
prospector<\/p>\n
Question 6<\/b><\/p>\n
From a competitive standpoint, ____ means that the strategic actions your company takes can probably be matched by your direct competitors.<\/p>\n
Answer<\/p>\n
market commonality<\/p>\n
resource similarity<\/p>\n
character of the rivalry<\/p>\n
competitive inertia<\/p>\n
competitive autonomy<\/p>\n
Question 7<\/b><\/p>\n
A(n) ____ resource is a resource that is not controlled or possessed by many competing firms.<\/p>\n
Answer<\/p>\n
rare<\/p>\n
imperfectly imitable<\/p>\n
nonsubstitutable<\/p>\n
strategically dissonant<\/p>\n
permanent<\/p>\n
Question 8<\/b><\/p>\n
When Clorox Corporation, a manufacturer of bleach and bleach-based cleaning products, acquired Kingsford Charcoal and Prime Choice brand steak sauce; it was an example of ____.<\/p>\n
Answer<\/p>\n
related differentiation<\/p>\n
related diversification<\/p>\n
an integrated acquisition<\/p>\n
competency acquisition<\/p>\n
unrelated diversification<\/p>\n
Question 10<\/b><\/p>\n
Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other.<\/p>\n
Answer<\/p>\n
market commonality<\/p>\n
resource quality<\/p>\n
related diversification<\/p>\n
product differentiation<\/p>\n
customer autonomy<\/p>\n
Question 11<\/b><\/p>\n
Companies often choose a ____ strategy when their external environment doesn’t change much or after they have struggled with periods of explosive growth.<\/p>\n
Answer<\/p>\n
stability<\/p>\n
growth<\/p>\n
pioneering<\/p>\n
portfolio<\/p>\n
retrenchment<\/p>\n
Question 12<\/b><\/p>\n
The purpose of a ____ strategy is to turn around very poor company performance by shrinking the size or scope of the business.<\/p>\n
Answer<\/p>\n
growth<\/p>\n
stability<\/p>\n
retrenchment<\/p>\n
maturity<\/p>\n
repositioning<\/p>\n
Question 13<\/b><\/p>\n
A(n) ____ is a resource that is impossible or extremely costly or difficult for other firms to duplicate.<\/p>\n
Answer<\/p>\n
rare<\/p>\n
imperfectly imitable<\/p>\n
nonsubstitutable<\/p>\n
strategically dissonant<\/p>\n
Reliable<\/p>\n
Question 14<\/b><\/p>\n
Cost leadership, differentiation, and focus are the three types of ____ strategies discussed in the text.<\/p>\n
Answer<\/p>\n
grand<\/p>\n
niche<\/p>\n
positioning<\/p>\n
restructuring<\/p>\n
portfolio<\/p>\n
Question 15<\/b><\/p>\n
McDonald’s uses a ____ strategy (a kind of grand strategy) as it increases its profits in France by offering uniquely French products such as Croque McDo, the McDonald’s version of a popular French grilled sandwich.<\/p>\n
Answer<\/p>\n
growth<\/p>\n
decline<\/p>\n
retrenchment\/recovery<\/p>\n
repositioning<\/p>\n
pioneering<\/p>\n
Question 16<\/b><\/p>\n
Unverferth Manufacturing makes agricultural equipment. It used finite element analysis (FEA) software to speed up the design cycle for its 12-row sub-soiler. Which aspect of the compression approach to innovation would the use of this software apply?<\/p>\n
Answer<\/p>\n
planning<\/p>\n
supplier involvement<\/p>\n
shortening the time of individual steps<\/p>\n
multifunctional teams<\/p>\n
functional isolation<\/p>\n
Question 17<\/b><\/p>\n
Organizational development ____.<\/p>\n
Answer<\/p>\n
requires a steering committee<\/p>\n
takes a short-term approach to change<\/p>\n
is a philosophy and collection of planned change interventions<\/p>\n
assumes that top management support is not necessary for change<\/p>\n
is accurately described by all of these<\/p>\n
Question 18<\/b><\/p>\n
The goals of the compression approach to innovation are ____.<\/p>\n
Answer<\/p>\n
speed, lower costs, and incremental change of dominant design<\/p>\n
the development of milestones and the comparison of actual milestones with forecasts<\/p>\n
the establishment of a dominant design and speed<\/p>\n
absolute-time management and the creation of a dominant design<\/p>\n
a matrix innovation process and a sustainable competitive advantage<\/p>\n
Question 19<\/b><\/p>\n
The ____ approach to managing innovation assumes that innovation is a predictable process made up of a series of steps and that compressing the time it takes to complete those steps can speed up innovation.<\/p>\n
Answer<\/p>\n
compression<\/p>\n
milestones<\/p>\n
dialectical<\/p>\n
generational<\/p>\n
prototypical<\/p>\n
Question 20<\/b><\/p>\n
Companies need to excel at managing ____ in order to successfully manage innovation streams.<\/p>\n
Answer<\/p>\n
the sources of innovation<\/p>\n
innovation during synergistic change<\/p>\n
reciprocity<\/p>\n
environmental design issues<\/p>\n
behavioral formality<\/p>\n
Question 21<\/p>\n
Kodak is a company associated with photography. The development of the digital camera forced Kodak into the innovation stream because the new imaging process was a(n) ____.<\/p>\n
Answer<\/p>\n
technological subtraction<\/p>\n
technological discontinuity<\/p>\n
process obsolescence<\/p>\n
process addition<\/p>\n
example of design advantage<\/p>\n
Question 22<\/b><\/p>\n
____ are workplace cultures in which workers perceive that new ideas are welcomed, valued, and encouraged.<\/p>\n
Answer<\/p>\n
Creative work environments<\/p>\n
Innovative societies<\/p>\n
Homogeneous work environments<\/p>\n
Participative work teams<\/p>\n
Empathetic work stations<\/p>\n
Question 23<\/b><\/p>\n
Nearly all technology cycles follow the typical ____ pattern of innovation.<\/p>\n
Answer<\/p>\n
W-curve<\/p>\n
U-curve<\/p>\n
bell-shaped<\/p>\n
S-curve<\/p>\n
V-shaped<\/p>\n
Question 24<\/b><\/p>\n
A(n) ____ is the individual who is formally in charge of guiding a change effort.<\/p>\n
Answer<\/p>\n
change ombudsman<\/p>\n
staff moderator<\/p>\n
change mentor<\/p>\n
change agent<\/p>\n
intrapreneur<\/p>\n
Question 25<\/b><\/p>\n
A technology cycle occurs whenever there are major advances or changes in the ____ in a field or discipline.<\/p>\n
Answer<\/p>\n
human, technical, and conceptual skills needed<\/p>\n
structure or personnel requirements<\/p>\n
internal resource environment<\/p>\n
knowledge, tools, and techniques<\/p>\n
way information is integrated<\/p>\n
Question 26<\/b><\/p>\n
When incremental improvements are made to a dominant technological design such that the improved version of the technology is fully backward compatible with the older version, ____ is said to have occurred.<\/p>\n
Answer<\/p>\n
a milestone<\/p>\n
intuitive change<\/p>\n
generational change<\/p>\n
coercive change<\/p>\n
discontinuous innovation<\/p>\n
Question 27<\/b><\/p>\n
Which of the following methods for managing resistance to change should only be used as a last resort or under crisis conditions?<\/p>\n
Answer<\/p>\n
mentoring<\/p>\n
arbitration<\/p>\n
negotiation<\/p>\n
coercion<\/p>\n
reinforcement modification<\/p>\n
Question 28<\/b><\/p>\n
When resistance to change is based on insufficient, incorrect, or misleading information, managers should use ____ as an approach to manage resistance.<\/p>\n
Answer<\/p>\n
education and communication<\/p>\n
participation<\/p>\n
negotiation<\/p>\n
coercion<\/p>\n
change manipulation<\/p>\n
Question 29<\/b><\/p>\n
Which of the following is one of the three steps in the basic process of managing organizational change outlined by Kurt Lewin?<\/p>\n
Answer<\/p>\n
unfreezing<\/p>\n
organizational dialogue<\/p>\n
change definition<\/p>\n
incremental change<\/p>\n
change mentoring<\/p>\n
Question 30<\/b><\/p>\n
A technology ____ begins with the birth of a new technology and ends when that technology reaches its limits and dies as it is replaced by a newer, substantially better technology.<\/p>\n
Answer<\/p>\n
process<\/p>\n
pattern<\/p>\n
cycle<\/p>\n
hierarchy<\/p>\n
continuum<\/p>\n","protected":false},"excerpt":{"rendered":"
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