Four key constructs that describe the organization include all but one of the following:

Question 23 of 50

2.0 Points

Four key
constructs that describe the organization include all but one of the following:

A.People

B.Competitor’s
commitment

C.Systems

D.Culture

Synergy:

A.May seem
more exciting than it really is

B.Seldom
involves implementation difficulties

C.Is usually
established quickly and with limitied difficulties

D.Does not
contribute materially to competitive advantage

Question 31 of 50

2.0 Points

Porter’s five
factor model provides insight into the present and future profitability of an
industry.

A.
True

B.
False

Question 32 of 50

2.0 Points

Key success
factors are assets and/or competencies that provide the basis for any
competitor to be successful in an industry.

A.
True

B.
False

Question 34 of 50

2.0 Points

A strategic
uncertainty should be evaluated with respect to its impact and relevance to
future strategy.

A.
True

B.
False

Competencies
should be evaluated based on strength and revenue potential.

A.
True

B.
False

Question 36 of 50

2.0 Points

One of the more
important assets of many firms is the size of the customer base.

A.
True

B.
False

Question 38 of 50

2.0 Points

Synergy will
result in one or more of the following: decreased revenues, increased operating
costs or increased investment.

A.
True

B.
False

Question 39 of 50

2.0 Points

Business
strategies should offer a clear value proposition to customers and be supported
by assets and competencies and functional strategies and programs.

A.
True

B.
False

Value should be
determined by the firm and not by the customer.

A.
True

B.
False

Question 41 of 50

2.0 Points

The three types
of brand assets are brand awareness, brand equity, and brand loyalty.

A.
True

B.
False

Question 42 of 50

2.0 Points

Differentiation
is increasingly difficult to create and maintain as competitors proliferate
products and quickly copy advances.

A.
True

B.
False

Question 43 of 50

2.0 Points

Existing
product markets are often attractive growth avenues because a firm has a base
on which to build and momentum that can be exploited.

A.
True

B.
False

Question 44 of 50

2.0 Points

Three steps to
determine which assets and competencies should be leveraged were suggested. The
first was to inventory assets and competencies, the second was to find an area
where the assets and competencies can be applied to generate advantage and the
third was to analyze the potential synergy.

A.
True

B.
False

Question 45 of 50

2.0 Points

Entering into
new markets or launching new products are met with the challenges of resistance
to new products, lacking firm’s assets and competencies in the new product’s
market and organizational access to resources necessary for launches.

A.
True

B.
False

Question 46 of 50

2.0 Points

Innovator’s
advantage provides the competitive advantages such as competitors’ inability to
respond in a timely manner, competitors’ inability to respond at all or that
the innovator cultivates a customer loyalty with its position in the market.

A.
True

B.
False

Question 47 of 50

2.0 Points

A strategic
alliance is a collaboration leveraging the strengths of two or more
organizations to achieve strategic goals.

A.
True

B.
False

Question 48 of 50

2.0 Points

A frequently
unforeseen consequence of global expansion is that healthy markets, especially
the home market, are put at risk by the diversion of resources.

A.
True

B.
False

Question 49 of 50

2.0 Points

Motivations for
exiting include avoidance of drain on profits by dog businesses in portfolio
and purging businesses that do not fit the strategy of the firm.

A.
True

B.
False

Question 50 of 50

2.0 Points

An
organizational culture involves three elements: a set of shared values, a set
of norms of behavior, and a context or environment.

A.
True

B.
False

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