The authors believe there are three tests that can be applied to judge whether a
strategy is 'good'. These are:
A. Fit, distinctiveness, sustainability
B. Fit, internal resources, external environment
C. Distinctiveness, internal resources, fit
D. Sustainability, distinctiveness, external environment

1 Answer

Answer :

Fit, internal resources, external environment

Related questions

Description : The authors believe there are three tests that can be applied to judge whether a strategy is 'good'. These are: A. Fit, distinctiveness, sustainability B. Fit, internal ... , external environment C. Distinctiveness, internal resources, fit D. Sustainability, distinctiveness, external environment

Last Answer : Fit, internal resources, external environment

Description : Which of the following statements is not true when describing a successful strategy? A. It provides some property that is unique or distinctive B. It provides the means for renewing competitive advantage C. It addresses changes in the external environment D. It guarantees long term survival

Last Answer : It provides the means for renewing competitive advantage

Description : Diversification into many unrelated areas is an example of: A. Risk management B. Good management C. Uncertainty reduction D. Sustainability

Last Answer : Uncertainty reduction

Description : Diversification into many unrelated areas is an example of: A. Risk management B. Good management C. Uncertainty reduction D. Sustainability

Last Answer : Uncertainty reduction

Description : Subsidiaries consider the regional environment for policy or Strategy formulation is known as _____. a. Polycentric Approach b. Regiocentric Approach c. Ethnocentric Approach d. Geocentric Approach

Last Answer : Regiocentric Approach

Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric Approach

Last Answer : Polycentric Approach

Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric Approach

Last Answer : . Polycentric Approach

Description : An organization in which strategy development is characterized by internal political negotiation and self-interest is operating in which strategy-making mode? A. The transactive mode B. The muddling through mode C. The command modeD. The emotional mode

Last Answer : The command mode

Description : An organization in which strategy development is characterized by internal political negotiation and self-interest is operating in which strategy-making mode? A. The transactive mode B. The muddling through mode C. The command modeD. The emotional mode

Last Answer : The command mode

Description : In the context of strategic management, stakeholders can be defined as: A. An individual or group with a financial stake in the organization B. An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them

Last Answer : Internal groups or individuals that are able to influence strategic direction of the organization

Description : In the context of strategic management, stakeholders can be defined as: A. An individual or group with a financial stake in the organization B. An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them

Last Answer : Internal groups or individuals that are able to influence strategic direction of the organization

Description : Competitive advantage based on the creation of opportunities using internal resources is characterized by which approach/view? A. The positioning approach B. The outside-in approach C. The resource-based viewD. The knowledge-management approach

Last Answer : The resource-based view

Description : Competitive advantage based on the creation of opportunities using internal resources is characterized by which approach/view? A. The positioning approach B. The outside-in approach C. The resource-based viewD. The knowledge-management approach

Last Answer : The resource-based view

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

Description : When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? A. Transnational B. Global C. Multi-national D. Global-local

Last Answer : Transnational

Description : According to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy they are: A. Hybrid B. Stuck in the middle C. Typical D. No frills

Last Answer : Stuck in the middle

Description : Corporate governance is concerned with: A. Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures B. Elections to the board of directors C. Relationships with national governments D. Corporate-level strategy

Last Answer : Relationships with national governments

Description : When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? A. Transnational B. Global C. Multi-national D. Global-local

Last Answer : Transnational

Description : If choice of project structure exists, first problem is to determine A. Kind of work B. Scope C. Strategy D. Complexity

Last Answer : Kind of work

Description : McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Last Answer : Business

Description : McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Last Answer : Business

Description : On the basis of the size and composition of external debt, world bank has classified India as a A. heavily indebted country B. .moderate indebted country C. Less indebted country D. Severely indebted country.

Last Answer : .moderate indebted country

Description : An environment which is increasingly complex and turbulent displays: A. More orderly competition. B. A reduced risk of product obsolescence. C. More predictable demand. D. Increased speed of innovation.

Last Answer : Increased speed of innovation.

Description : In a global market place Managers must A. deals with economic, political and cultural differences B. expect competitors to suddenly appear at any time from any place C. not to take specific differences of local environment into consideration D. A and B

Last Answer : A and B

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Cheap International transport.

Description : An environment which is increasingly complex and turbulent displays: A. More orderly competition. B. A reduced risk of product obsolescence. C. More predictable demand. D. Increased speed of innovation.

Last Answer : More orderly competition.

Description : In macro environment, 'pressure groups' and 'government agencies' are part of A. the cultural environment B. the demographic environment C. the economic environment D. the political environment

Last Answer : the political environment

Description : In macro environment, 'pressure groups' and 'government agencies' are part of A. the cultural environment B. the demographic environment C. the economic environment D. the political environment

Last Answer : the political environment

Description : Anything outside a system (the project) that can affect or be affected by system, is known as A. Environment B. Medium C. Channel D. Boundary matrix

Last Answer : Environment

Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.

Last Answer : New technology always leads to benefits for firms.

Description : In a global market place Managers must A. deals with economic, political and cultural differences B. expect competitors to suddenly appear at any time from any place C. not to take specific differences of local environment into consideration D. A and B

Last Answer : . A and B

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Currency crises.

Description : 'Reputation' in the context of an organization's resources can provide competitive advantage because: A. It is difficult to copy B. It is based on word-of-mouth C. It is a threshold resource D. It is explicit

Last Answer : It is difficult to copy

Description : 'Reputation' in the context of an organization's resources can provide competitive advantage because: A. It is difficult to copy B. It is based on word-of-mouth C. It is a threshold resource D. It is explicit

Last Answer : It is difficult to copy

Description : In the context of strategic management resources can be defined as: A. The knowledge and skills within the organization B. Something that an organization owns or controls that cannot be copied C. ... , controls or has access to on a semipermanent basis D. The physical assets of the organization

Last Answer : The physical assets of the organization

Description : When there are several projects are executing simultaneously, matrix organization allows a better companywide A. Balance of resources B. Prioritized resources C. Balanced capital D. Unbalanced resources

Last Answer : Balance of resources

Description : Which of the following factors would most likely cause a CPA to decide not to accept a new audit engagement? a. The CPA's lack of understanding of the prospective client's internal auditor's ... . d. Management's refusal to permit the CPA to perform substantive tests before the year-end.

Last Answer : Management’s disregard of its responsibility to maintain an adequate internal control environment

Description : What sort of actions is most likely to be attributed to external causes? (a) Actions that have high distinctiveness, high consensus and high consistency (b) Actions that have high ... consensus and low consistency (d) Actions that have low distinctiveness, low consistency and high consensus

Last Answer : (d) Actions that have low distinctiveness, low consistency and high consensus 

Description : Strategic fit can be defined as: a) developing strategies based on opportunities and threats in the external environment. b) forecasting opportunities and threats in the external environment c) ... environment. d) matching the resources and activities of a firm to the external environment.

Last Answer : matching the resources and activities of a firm to the external environment.

Description : The resources within an organization, used to achieve its goal, make up the _________ of a business. (a) External environment ; (b) Internal environment ; (c) Social responsibility ; (d) Workers motivation

Last Answer : External environment

Description : A strategic decision can be distinguished from other types of decisions by three factors, these are magnitude, time-scale and: A. Commitment B. Riskiness C. Impact D. Longevity

Last Answer : Riskiness

Description : A strategic decision can be distinguished from other types of decisions by three factors, these are magnitude, time-scale and: A. Commitment B. Riskiness C. Impact D. Longevity

Last Answer : Riskiness

Description : ______ is the application of knowledge which redefines the boundaries of global business. a. Cultural Values b. Society c. Technology d. Economy

Last Answer : Technology

Description : Ultimately ______ was replaced by the ______ on 1st Jan 1995. a. GATS, WTO b. WTO, GATT c. GATT, WTOd. IMF, GATT

Last Answer : GATT, WTO

Description : Which is the right sequence of stages of Internationalization? a. Domestic, Transnational, Global, International, Multinational b. Domestic, International, Multinational, Global, Transnational ... , International, Transnational, Global d. Domestic, International, Transnational, Multinational, Global

Last Answer : Domestic, International, Multinational, Global, Transnational

Description : The first phase of globalization started around 1870 and ended with _______. a. World War I b. World War II c. The Establishment of GATT d. In 1913 when GDP was high

Last Answer : World War I

Description : IBRD also known as _____. a. Exim Bank b. World Bank c. International Monetary fund d. International Bank

Last Answer : World Bank

Description : IBRD stands for _____. a. International Board for Research and Development b. International Bank for Reconstruction and Development c. International Bank for Research Development d. International Barrier For Reconstruction and Development

Last Answer : International Bank for Reconstruction and Development

Description : Buying and selling of products and services from firms in other countries is called A. importing and exporting B. regional alliances C. national alliances D. international alliances

Last Answer : importing and exporting