Mana 4322: Midterm Review Questions
and Correct Answers.
Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven
into the fabric of an organization at the individual level. - Answer Alignment and efficiency
The innovation paradox implies that consistency in products and services provokes a tension
with the need for new products. This results in a conflict between________ and _______ -
Answer Stability and change
According to Henry Mintzberg, the final realized strategy of a firm is ____ - Answer A
combination of deliberate and emergent strategies
_____ may be considered the advance work that must be done in order to effectively formulate
and implement strategies - Answer Strategy analysis
New value creation id a major engine for economic growth and is the main focus of _____
strategy - Answer Entrepreneurial
Well Point Health Network States: WellPoint will redefine our industry through a new
generation of consumer-friendly products that put individuals back in control of their future.
This is an example of a - Answer Vision Statement
Two of the key inputs to developing forecast discussed in the text are___ - Answer
Environment scanning and competitive intelligence
Which onw of the following statements is an example of hoe to improve percept acuity - Answer
A CEO meets with direct competitors to analyze current industry trends. The CEOs share their
conclusions with respective companies
Why must successful managers recognize opportunities and threats in their company external
environment? - Answer If they miscalculate the market, opportunities will be lost
______ tracks the evolution of environmental trends, sequences of events, or stream of
activities. - Answer Environmental Monitoring
Executives must be careful to avoid spending so much time and effort tracking the actions of
___ that they ignore___ - Answer Traditional competitors; new competitors
, It is important to question the reliability of forecasts because - Answer If predicts are too
low, a company like motel 6 might build too many units and thus have a surplus of capacity
In the SWOT framework, _____ are the same for all the firms in the same competitive
enviroment - Answer Opportunities and threats
Research published in Personnel Psychology shows that older workers are slightly more willing
to implement organizational changes that younger workers. This is an example of which
segment of the general environmnet - Answer Sociocultural
In the general environment many relationships exist among the various elements. General
environmental rends can have positive and negative impacts on various industries for example,
the aging population might have a ___ impact on their health care ___ on the baby product
industry. These are called ___impacts - Answer Positive, Negative, demographic
Advertising is a _______ activity. Supply of replacement parts is a activity. - Answer Primary;
Primary
Mercedes-Benz aggressively pushed for product placement in Hollywood movies. This is an
example of which value chain primary or secondary activity? - Answer Primary activity:
marketing and sales
Human resource management consists of activities involved in the recruiting, hiring,
development, and compensation of all types of personnel. It supports - Answer Both
individual primary and support activities and entire value chain
According to value-chain-analysis, which of the following would be considered part of the
general administration in a firm - Answer Information system, General management,
planning, finance, accounting, legal and government affairs, quality management
The resource-based view of the firm combines the following two perspectives: - Answer The
internal analysis of the firm and the external analysis of the industry and competitive
environment
The three key types of resources that are central to the resources-based view of the firm
are___. - Answer Tangible, intangible resources and organizational capabilities
In the resource-based view of the firm, examples of tangible resources include_____. - Answer
Financial, physical, and technological resources
and Correct Answers.
Ambidextrous behaviors in individuals illustrate how a dual capacity for ________ can be woven
into the fabric of an organization at the individual level. - Answer Alignment and efficiency
The innovation paradox implies that consistency in products and services provokes a tension
with the need for new products. This results in a conflict between________ and _______ -
Answer Stability and change
According to Henry Mintzberg, the final realized strategy of a firm is ____ - Answer A
combination of deliberate and emergent strategies
_____ may be considered the advance work that must be done in order to effectively formulate
and implement strategies - Answer Strategy analysis
New value creation id a major engine for economic growth and is the main focus of _____
strategy - Answer Entrepreneurial
Well Point Health Network States: WellPoint will redefine our industry through a new
generation of consumer-friendly products that put individuals back in control of their future.
This is an example of a - Answer Vision Statement
Two of the key inputs to developing forecast discussed in the text are___ - Answer
Environment scanning and competitive intelligence
Which onw of the following statements is an example of hoe to improve percept acuity - Answer
A CEO meets with direct competitors to analyze current industry trends. The CEOs share their
conclusions with respective companies
Why must successful managers recognize opportunities and threats in their company external
environment? - Answer If they miscalculate the market, opportunities will be lost
______ tracks the evolution of environmental trends, sequences of events, or stream of
activities. - Answer Environmental Monitoring
Executives must be careful to avoid spending so much time and effort tracking the actions of
___ that they ignore___ - Answer Traditional competitors; new competitors
, It is important to question the reliability of forecasts because - Answer If predicts are too
low, a company like motel 6 might build too many units and thus have a surplus of capacity
In the SWOT framework, _____ are the same for all the firms in the same competitive
enviroment - Answer Opportunities and threats
Research published in Personnel Psychology shows that older workers are slightly more willing
to implement organizational changes that younger workers. This is an example of which
segment of the general environmnet - Answer Sociocultural
In the general environment many relationships exist among the various elements. General
environmental rends can have positive and negative impacts on various industries for example,
the aging population might have a ___ impact on their health care ___ on the baby product
industry. These are called ___impacts - Answer Positive, Negative, demographic
Advertising is a _______ activity. Supply of replacement parts is a activity. - Answer Primary;
Primary
Mercedes-Benz aggressively pushed for product placement in Hollywood movies. This is an
example of which value chain primary or secondary activity? - Answer Primary activity:
marketing and sales
Human resource management consists of activities involved in the recruiting, hiring,
development, and compensation of all types of personnel. It supports - Answer Both
individual primary and support activities and entire value chain
According to value-chain-analysis, which of the following would be considered part of the
general administration in a firm - Answer Information system, General management,
planning, finance, accounting, legal and government affairs, quality management
The resource-based view of the firm combines the following two perspectives: - Answer The
internal analysis of the firm and the external analysis of the industry and competitive
environment
The three key types of resources that are central to the resources-based view of the firm
are___. - Answer Tangible, intangible resources and organizational capabilities
In the resource-based view of the firm, examples of tangible resources include_____. - Answer
Financial, physical, and technological resources
