Strategic Management Exam 1 Duesing with correct answers.

r




Strategic Management Exam 1 Duesing
r r r r




with correct answers
r r r




CH r1: rAbove-Average rReturns r- rCorrect r rAnswer r- rReturns rin rexcess rof rwhat ran rinvestor rexpects rto rearn
rfrom rother rinvestments rwith ra rsimilar ramount rof rrisk.




CH r1: rAverage rReturns r- rCorrect r rAnswer r- rReturns requal rto rthose ran rinvestor rexpects rto rearn rfrom
rother rinvestments rwith ra rsimilar ramount rof rrisk.




CH r1: rCapability r- rCorrect r rAnswer r- rThe rcapacity rfor ra rset rof rresources rto rperform ra rtask ror ran ractivity
rin ran rintegrative rmanner.




CH r1: rCompetitive rAdvantage r- rCorrect r rAnswer r- rA rstrategy rthat ris rimplemented rthat rcreates rsuperior
rvalue rfor rcustomers rand rthat rcompetitors rare runable rto rduplicate ror rfind rit rtoo rcostly rto rtry rand


rimitate.




CH r1: rCore rCompetencies r- rCorrect r rAnswer r- rCapabilities rthat rserve ras ra rsource rof rcompetitive
radvantage rfor ra rfirm rover rits rrivals.




CH r1: rGlobal rEconomy r- rCorrect r rAnswer r- rOne rin rwhich rgoods, rservices, rpeople, rskills, rand rideas rmove
rfreely racross rgeographic rborders.




CH r1: rHypercompetition r- rCorrect r rAnswer r- rCompetition rthat ris rexcessive rsuch rthat rit rcreates rinherent
rinstability rand rnecessitates rconstant rdisruptive rchange rfor rfirms rin rthe rcompetitive rlandscape.




CH r1: rMission r- rCorrect r rAnswer r- rSpecifies rthe rbusinesses rin rwhich rthe rfirm rintends rto rcompete rand
rthe rcustomers rit rintends rto rserve.

, CH r1: rOrganizational rCulture r- rCorrect r rAnswer r- rThe rcomplex rset rof rideologies, rsymbols, rand rcore
rvalues rthat rare rshared rthroughout rthe rfirm rand rthat rinfluence rhow rthe rfirm rdoes rbusiness.




CH r1: rResources r- rCorrect r rAnswer r- rInputs rinto ra rfirm's rproduction rprocess, rsuch ras rcapital requipment,
rthe rskills rof rindividual remployees, rpatents, rfinances, rand rtalented rmanagers.




CH r1: rRisk r- rCorrect r rAnswer r- rAn rinvestor's runcertainty rabout rthe reconomic rgains ror rlosses rthat rwill
rresult rfrom ra rparticular rinvestment.




CH r1: rStakeholders r- rCorrect r rAnswer r- rThe rindividuals, rgroups, rand rorganizations rthat rcan raffect rthe
rfirm's rvision rand rmission, rare raffected rby rthe rstrategic routcomes rachieved, rand rhave renforceable


rclaims ron rthe rfirm's rperformance.




CH r1: rStrategic rCompetitiveness r- rCorrect r rAnswer r- rAchieved rwhen ra rfirm rsuccessfully rformulates rand
rimplements ra rvalue rcreating rstrategy.




CH r1: rStrategic rFlexibility r- rCorrect r rAnswer r- rA rset rof rcapabilities rused rto rrespond rto rvarious rdemands
rand ropportunities rexisting rin ra rdynamic rand runcertain rcompetitive renvironment.




CH r1: rStrategic rLeaders r- rCorrect r rAnswer r- rPeople rlocated rin rdifferent rareas rand rlevels rof rthe rfirm rusing
rthe rstrategic rmanagement rprocess rto rselect rstrategic ractions rthat rhelp rthe rfirm rachieve rits rvision rand


rfulfill rits rmission.




CH r1: rStrategic rManagement rProcess r- rCorrect r rAnswer r- rThe rfull rset rof rcommitments, rdecisions, rand
ractions rrequired rfor ra rfirm rto rachieve rstrategic rcompetitiveness rand rearn rabove-average rreturns.




CH r1: rStrategy r- rCorrect r rAnswer r- rAn rintegrated rand rcoordinated rset rof rcommitments rand ractions
rdesigned rto rexploit rcore rcompetencies rand rgain ra rcompetitive radvantage.