The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

The value chain activities by which the firm is regarded as a better
performer, are known as:
A. Core competences
B. Corporate competences
C. Personal competences
D. Core resources
by

1 Answer

Answer :

Core competences
by

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The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Last Answer : Core competences

The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm’s Resources, Capabilities & Competences but not the conditions in it’s external environment C. A set of activities that to-date have not been used successfully in the not-for-profit sector D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company

Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company

This corporate parent seeks to employ its own competences to add value to its business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

Description : This corporate parent seeks to employ its own competences to add value to its business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

Last Answer : The Parental developer

This corporate parent seeks to employ its own competences to add value to its business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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Last Answer : The Parental developer

Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environmentsb) the link between subsidiary resource and multinational firm's competitive advantage in global markets. c) the firm's dynamic capability to find resources that are valuable, rare, difficult to imitate and can be exploited by the organization. d) the combination of individual technologies and production skills that underlie a company's multiple production lines and critically underpin the firm's competitive advantage.

Description : Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments. b) the link between ... underlie a company's multiple production lines and critically underpin the firm's competitive advantage

Last Answer : the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments.

Which of the following could be defined as a multinational company? A. A firm that owns shares in a foreign company but does not participate in the company's decision making. B. A UK based internet package holiday firm specializing in selling tours to Turkey to German customers. C. A firm owning a chain of supermarket outlets outside its country of origin. D. A finance company transferring its HQ and all its activities from the UK to the US.

Description : Which of the following could be defined as a multinational company? A. A firm that owns shares in a foreign company but does not participate in the company's decision making. B. A UK based internet ... origin. D. A finance company transferring its HQ and all its activities from the UK to the US.

Last Answer : A firm owning a chain of supermarket outlets outside its country of origin.

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 environmentc) reacting to strategic opportunities and threats in the external environment.d) matching the resources and activities of a firm to the external environment.

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

Core Competencies are the skills and abilities by which Resources are deployed through a Firm’s activities and processes to enable the Company to ----------- : A. Survive B. Survive using approaches & techniques that others cannot imitate or acquire C. Achieve Competitive Advantage in ways others cannot imitate D. Achieve superior position

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Last Answer : Achieve Competitive Advantage in ways others cannot imitate

Which of the following defines what business the Firm is in or should be in? A. Business Strategy B. Corporate Strategy C. Functional Strategy D. Financial Strategy

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Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional

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Last Answer : True

Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities or processes. d) benchmarking other multinational firms with similar corporate strategies or similar customers

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Last Answer : benchmarking organizations with regards to specific business activities or processes

An organisation’s ability or capacity to deploy or exploit resources is known as _______ Select one: a. All of these b. Capability c. Weaknesses of firm d. Strengths of firm

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Last Answer : Capability

Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

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Last Answer : All of these options are correct

Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

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The resource-based perspective suggests that unique firm resources should be the starting point for developing successful strategies a) the business opportunity should be the starting point for developing successful strategiesb) unique firm resources should be the starting point for developing successful strategies.c) both business opportunity and unique firm resources should be the starting point for developing successful strategies.d) neither business opportunity nor unique firm resources should be the starting point for developing successful strategies.

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Power based upon identification with a person who has desirable resources or personal traits is known as (a) Coercive power ; (b) Legitimate power ; (c) Expert power ; (d) Referent power

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Last Answer :  (d) Referent power

The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Description : The VRIO framework can be used to identify: a) a firm's resources and external opportunities. b) the organizational structure of multinational firms. c) a firm's technical resources. d) a firm's core competencies

Last Answer : a firm's core competencies

___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) (a) Benchmarking ; (b) Budgeting ; (c) Scheduling ; (d) Competitor intelligence

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Last Answer : (b) Budgeting ;

In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another (c) The amount of time an individual activity can be delayed without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities

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Last Answer : (c) The amount of time an individual activity can be delayed without delaying the whole Project 

The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult goals and tasks. (c) That it takes less time and resources to implement this type of system. (d) That it provides more time for management to pursue other activities.

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This corporate parent seeks to enhance value across business units by managing synergies across business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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This corporate parent acts as an agent on behalf of financial markets and shareholders, with a view to enhancing the value attained from the various businesses. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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What term is used for corporate development beyond current products and markets, but within the capabilities or the value network of the organisation? A. Backward integration B. Related diversification C. Vertical integration D. Divergent diversification

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This corporate parent seeks to enhance value across business units by managing synergies across business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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This corporate parent acts as an agent on behalf of financial markets and shareholders, with a view to enhancing the value attained from the various businesses. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options

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What term is used for corporate development beyond current products and markets, but within the capabilities or the value network of the organisation? A. Backward integration B. Related diversification C. Vertical integration D. Divergent diversification

Description : What term is used for corporate development beyond current products and markets, but within the capabilities or the value network of the organisation? A. Backward integration B. Related diversification C. Vertical integration D. Divergent diversification

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In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Description : In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

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In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

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Value added is: a) the cost saving through production and marketing efforts within the firm. b) the value that a firm adds through the development of dynamic capabilities. c) the value that a firm adds to bought-in materials and services through outsourcing. d) the difference between the cost of inputs and the market value of outputs

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Last Answer : the difference between the cost of inputs and the market value of outputs

Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it’s inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value

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Matrices like BCG Growth Share & GE Mckinsey Business Portfolio are use to evaluate___________________? A. Business Level Strategy B. Product Level Strategy C. Corporate Level Strategy D. Functional Level Strategy

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Last Answer : Corporate Level Strategy

Which statement is true, with respect to ‘Corporate Level Managers’ (CEO’s, VP’s etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU’s. B. Demand a high level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Description : Which statement is true, with respect to Corporate Level Managers' (CEO's, VP's etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU' ... level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Last Answer : None of these options

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Last Answer : None of these two options are correct

Which statement is true, with respect to ‘Corporate Level Managers’ (CEO’s, VP’s etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU’s. B. Demand a high level of Technical Skills C. Demand a high level of Human Skills D. None of these options

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Last Answer : None of these options

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

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Last Answer : None of these two options are correct

An optimal business partner in a successful international strategic alliance should have two key qualitiesa) Corporate culture fit and national culture fitb) Partner-related criteria and task-related criteriac) Cultural fit and trustd) Strategic fit and cultural fit:

Description : An optimal business partner in a successful international strategic alliance should have two key qualities: a) Corporate culture fit and national culture fit b) Partner-related criteria and task-related criteria c) Cultural fit and trust d) Strategic fit and cultural fit

Last Answer : Strategic fit and cultural fit

Decisions regarding which industries to compete in are the concern of: Select one: a. Functional level strategy b. Mergers and acquisitions. c. Business level strategy. d. Corporate level strategy

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Last Answer : Corporate level strategy

Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic leveld. Functional

Description : Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic level d. Functional

Last Answer : Corporate level

Marketing Strategy is a ___________ type of this strategy a. Growth strategy b. Business level c. Corporate d. Functional

Description : Marketing Strategy is a ___________ type of this strategy a. Growth strategy b. Business level c. Corporate d. Functional

Last Answer : Functional

The word tactic is most likely to be associated with: a. Business Strategy b. Corporate strategy c. Operational Strategy d. All of the above

Description : The word tactic is most likely to be associated with: a. Business Strategy b. Corporate strategy c. Operational Strategy d. All of the above

Last Answer : Operational Strategy

.Low cost, Differentiation and Focus are examples of __________________ a. Corporate strategies b. Operational Strategies c. Business Strategies d. Functional Strategies

Description : Low cost, Differentiation and Focus are examples of __________________ a. Corporate strategies b. Operational Strategies c. Business Strategies d. Functional Strategies

Last Answer : Business Strategies

BCG in BCG matrix stands for a. Boston Calmette Group b. British Consulting Group c. Boston Corporate Group d. Boston Consulting Group

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Last Answer : Boston Consulting Group

Which of the following is a key external factor that should be taken into account by a Corporate Strategy ?A. Economic Conditions B. Political Conditions C. Legal Environment D. Competition

Description : Which of the following is a key external factor that should be taken into account by a Corporate Strategy ? A. Economic Conditions B. Political Conditions C. Legal Environment D. Competition

Last Answer : Legal Environment

Marketing Strategy is a ----------------- type of Strategy : A. Business level B. Growth Strategy C. Corporate Strategy D. Functional Strategy

Description : Marketing Strategy is a ----------------- type of Strategy : A. Business level B. Growth Strategy C. Corporate Strategy D. Functional Strategy

Last Answer : Functional Strategy

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Sharon Moro, office manager at Willow Manufacturing stated, “We‟d had manufacturing work cells in place for at least two years, but change didn‟t really happen until we added teamwork.” To effectively integrate teamwork into their corporate strategy, all of the following actions were undertaken by Willow except: (a) Old ways were readily discarded. (b) Everyone’s input was sought and valued (c) Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing.

Description : Sharon Moro, office manager at Willow Manufacturing stated, We d had manufacturing work cells in place for at least two years, but change didn t really happen until we added teamwork. To ... Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing. 

Last Answer : (c) Individual employee success was recognized and celebrated.

In an organization that has high centralization…………… (a) Problem can be quickly and efficiently solved (b) The corporate headquarters is located centrally to branch offices (c) Top managers make all the decisions-lower-level managers merely carry out directions (d) All top-level officials are located within the same geographic area

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Last Answer : (c) Top managers make all the decisions-lower-level managers merely carry out directions 

Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are primary activities that transforms Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors

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Last Answer : Marketing & Sales is a support activity

From the point of view of international business, an organization that enjoys competitive advantage in an industry has done so by: A. Focusing on long-term profit. B. Charging lower prices than competition. C. Creating superior value for customers. D. Constantly enlarging its marketing activities.

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Last Answer : Creating superior value for customers.