MGMT 490 QUESTIONS AND VERIFIED ANSWERS
An analysis of driving forces does NOT normally involve - Answers - evaluating
increasing efforts on the part of industry members to collaborate with their suppliers
Developing and analyzing a strategic group map would NOT help you - Answers -
identify which competitors can or cannot engage in joint lobbying efforts to improve your
industry's trade association
if you were asked to develop a low-cost provider strategy for a startup ridesharing
business, what would you most likely NOT recommend? - Answers - Offer low prices on
long-distance rides but hire only experienced drivers with a minimum of 5 years' service,
pay them well above the minimum wage, and maintain peak pricing for rides during rush
hour.
an effectively worked mission statement does not - Answers - express that making a
profit is the company's true business purpose
Sonia, the owner of a local consulting business that provides small and medium-sized
organizations with hardware and software and support for information systems, has
asked you to explain the five forces model of industry attractiveness to her. What would
not be considered one of the five forces? - Answers - competitive pressures stemming
from incremental innovations within the information systems industry
You have been asked to analyze the Value Net of the craft brewing and distilling
industries in your state, and you have observed close relationships between those
artisanal industries and local hospitality businesses (such as restaurants and lodging
facilities) in the region under study. Those local hospitality businesses can be said to be
- Answers - complementors
Top management's views and conclusions about the company's long-term redirection
and which product-customer-market-technology mix seems optimal for the road ahead
together constitute a company's - Answers - strategic vision
Google's vision "to organize the world's information and make it universally accessible
and useful" can be said to be a good example of - Answers - how company's may
communicate management's aspirations to stakeholders (customers, employees,
stockholders, suppliers, etc.) and help steer the energies of company personnel in a
common direction by using an easily remembered slogan
A company's value chain consists of - Answers - primary activities that are foremost in
creating value for customers and the requisite support activities
, why does a company's strategy tend to be a "work in progress" and evolve over time? -
Answers - because of changing circumstances and ongoing management efforts to
improve strategy
Which of SunPower's numerous benchmarking efforts did NOT improve its competitive
position in the US solar power industry? - Answers - they helped SunPower to develop
a more complex matrix company structure, turn around its noncore assets and focus on
the low-cost, large-scale utility solar market instead of pursuing diversification into
residential and commercial solar
Patagonia, a multinational sports apparel company, is planning to launch its extreme
weather gear product line in Nepal and the Kingdom of Bhutan; both are considered to
be emerging markets. What would you advise Patagonia to OMIT from consideration in
crafting a strategy to enhance future profits in these two emerging markets? - Answers -
create a sales plan that aims to enhance initial sales and market penetration with low
prices based on high operational costs
the most widely encountered barriers entry candidates must overcome include all of the
following EXCEPT - Answers - small market size and special customer requirements
An effectively worded strategic vision statement is? - Answers - flexible, focused, and
directional
The primary purpose of value chain analysis is to - Answers - facilitate a comparison of
how a company delivers value to its customers, activity by activity, relative to its
competitors
the two tests a winning strategy must pass are the _____ test and the _____ test -
Answers - fit; performance
when can a company achieve sustainable competitive advantage? - Answers - when
elements of the strategy gives buyers lasting reasons to prefer a company's products or
services over those of competitors
Angie, CEO of a local alternative energy company that provides power for residential
and commercial customers in your community, is engaged in the process of developing
a list of questions to evaluate her company's internal situation. Which question would
Angie NOT raise to complete the task of her company's resources and competitive
position? - Answers - Which are our least and most profitable geographic market
segments?
TOM'S Shoes company values are - Answers - an integral part of this company's DNA;
its executives seek to ingrain designated core values into corporate culture
A company's strategy is shaped by - Answers - managements analysis and choice in
part as well as by the necessity of adapting
An analysis of driving forces does NOT normally involve - Answers - evaluating
increasing efforts on the part of industry members to collaborate with their suppliers
Developing and analyzing a strategic group map would NOT help you - Answers -
identify which competitors can or cannot engage in joint lobbying efforts to improve your
industry's trade association
if you were asked to develop a low-cost provider strategy for a startup ridesharing
business, what would you most likely NOT recommend? - Answers - Offer low prices on
long-distance rides but hire only experienced drivers with a minimum of 5 years' service,
pay them well above the minimum wage, and maintain peak pricing for rides during rush
hour.
an effectively worked mission statement does not - Answers - express that making a
profit is the company's true business purpose
Sonia, the owner of a local consulting business that provides small and medium-sized
organizations with hardware and software and support for information systems, has
asked you to explain the five forces model of industry attractiveness to her. What would
not be considered one of the five forces? - Answers - competitive pressures stemming
from incremental innovations within the information systems industry
You have been asked to analyze the Value Net of the craft brewing and distilling
industries in your state, and you have observed close relationships between those
artisanal industries and local hospitality businesses (such as restaurants and lodging
facilities) in the region under study. Those local hospitality businesses can be said to be
- Answers - complementors
Top management's views and conclusions about the company's long-term redirection
and which product-customer-market-technology mix seems optimal for the road ahead
together constitute a company's - Answers - strategic vision
Google's vision "to organize the world's information and make it universally accessible
and useful" can be said to be a good example of - Answers - how company's may
communicate management's aspirations to stakeholders (customers, employees,
stockholders, suppliers, etc.) and help steer the energies of company personnel in a
common direction by using an easily remembered slogan
A company's value chain consists of - Answers - primary activities that are foremost in
creating value for customers and the requisite support activities
, why does a company's strategy tend to be a "work in progress" and evolve over time? -
Answers - because of changing circumstances and ongoing management efforts to
improve strategy
Which of SunPower's numerous benchmarking efforts did NOT improve its competitive
position in the US solar power industry? - Answers - they helped SunPower to develop
a more complex matrix company structure, turn around its noncore assets and focus on
the low-cost, large-scale utility solar market instead of pursuing diversification into
residential and commercial solar
Patagonia, a multinational sports apparel company, is planning to launch its extreme
weather gear product line in Nepal and the Kingdom of Bhutan; both are considered to
be emerging markets. What would you advise Patagonia to OMIT from consideration in
crafting a strategy to enhance future profits in these two emerging markets? - Answers -
create a sales plan that aims to enhance initial sales and market penetration with low
prices based on high operational costs
the most widely encountered barriers entry candidates must overcome include all of the
following EXCEPT - Answers - small market size and special customer requirements
An effectively worded strategic vision statement is? - Answers - flexible, focused, and
directional
The primary purpose of value chain analysis is to - Answers - facilitate a comparison of
how a company delivers value to its customers, activity by activity, relative to its
competitors
the two tests a winning strategy must pass are the _____ test and the _____ test -
Answers - fit; performance
when can a company achieve sustainable competitive advantage? - Answers - when
elements of the strategy gives buyers lasting reasons to prefer a company's products or
services over those of competitors
Angie, CEO of a local alternative energy company that provides power for residential
and commercial customers in your community, is engaged in the process of developing
a list of questions to evaluate her company's internal situation. Which question would
Angie NOT raise to complete the task of her company's resources and competitive
position? - Answers - Which are our least and most profitable geographic market
segments?
TOM'S Shoes company values are - Answers - an integral part of this company's DNA;
its executives seek to ingrain designated core values into corporate culture
A company's strategy is shaped by - Answers - managements analysis and choice in
part as well as by the necessity of adapting
