WPC 470 Moore ASU Final Exam 2024
Edition. All Questions & Correct Answers.
Graded A+
Absorptive capacity - ANSA firms ability to understand external technology
developments, evaluate them, and integrate them into current products or create
new ones
Acquisition - ANSThe purchase or takeover of one company by another; can be
friendly or unfriendly
Adverse selection - ANSA situation that occurs when information asymmetry
increases the likelihood od selecting inferior alternatives
Agency theory - ANSA theory that views the firm as a nexus of legal contracts
Ambidexterity - ANSA firms ability to address trade-offs not only at one point but
also over time. It encourages managers to balance exploitation with exploration
Ambidextrous organization - ANSAn organization able to balance and harness
different activities in tradeoff situations
Architectural innovation - ANSA new product which known components, based on
existing technologies, are reconfigured In a novel way to attack new markets
,Backward vertical integration - ANSChanges in an industry value chain that involve
moving ownership of activities upstream to originating (inputs) point of value
chain
Blue ocean strategy - ANSBusiness level strategy that successfully combines
differentiation and cost-leadership activities using value innovation to reconcile
the inherent tradeoffs
Board of directors - ANSThe centerpiece of corporate governance, composed of
inside and outside directors who are elected by shareholders
Boston Consulting Group (BCG) growth-share matrix - ANSA corporate planning
tool in which the corporation is viewed as a portfolio of usiness units which are
represented graphically along relative market share (horizontal axis) and speed of
market growth (vertical axis). SBUs are plotted into four categories (dog, cash
cow, star and question mark), each of which warrants a different investment
strategy
Build-borrow-or-buy framework - ANSConceptual model that aids in deciding
whether to pursue internal development (build), enter a contractual arrangement
or strategic alliance (borrow), or acquire new resources, capabilities and
competencies (buy)
, Business ethics - ANSThe agreed-upon code of conduct in business, based on
societal norms
Business-level strategy - ANSThe goal-directed actions managers take in their
quest for competitive advantage when competing in a single product market
CAGE distance framework - ANSA decision framework based on the relative
distance between home and a foreign target country along four dimensions;
sultural distance, administrative and political distance, geographical distance and
economic distance
Centralization - ANSAn organization element that refers to the degree to which
decision making is concentrated at the top of the organization
CEO/chairperson duality - ANSSituation where the CEO of a publicly traded
company is also the chairperson of the board of directors
Co-opetition - ANSCooperation by competitors to achieve a strategic objective
Corporate governance - ANSA system of mechanisms to direct and control an
enterprise in order to ensure that it pursues its strategic goals successfully and
legally
Edition. All Questions & Correct Answers.
Graded A+
Absorptive capacity - ANSA firms ability to understand external technology
developments, evaluate them, and integrate them into current products or create
new ones
Acquisition - ANSThe purchase or takeover of one company by another; can be
friendly or unfriendly
Adverse selection - ANSA situation that occurs when information asymmetry
increases the likelihood od selecting inferior alternatives
Agency theory - ANSA theory that views the firm as a nexus of legal contracts
Ambidexterity - ANSA firms ability to address trade-offs not only at one point but
also over time. It encourages managers to balance exploitation with exploration
Ambidextrous organization - ANSAn organization able to balance and harness
different activities in tradeoff situations
Architectural innovation - ANSA new product which known components, based on
existing technologies, are reconfigured In a novel way to attack new markets
,Backward vertical integration - ANSChanges in an industry value chain that involve
moving ownership of activities upstream to originating (inputs) point of value
chain
Blue ocean strategy - ANSBusiness level strategy that successfully combines
differentiation and cost-leadership activities using value innovation to reconcile
the inherent tradeoffs
Board of directors - ANSThe centerpiece of corporate governance, composed of
inside and outside directors who are elected by shareholders
Boston Consulting Group (BCG) growth-share matrix - ANSA corporate planning
tool in which the corporation is viewed as a portfolio of usiness units which are
represented graphically along relative market share (horizontal axis) and speed of
market growth (vertical axis). SBUs are plotted into four categories (dog, cash
cow, star and question mark), each of which warrants a different investment
strategy
Build-borrow-or-buy framework - ANSConceptual model that aids in deciding
whether to pursue internal development (build), enter a contractual arrangement
or strategic alliance (borrow), or acquire new resources, capabilities and
competencies (buy)
, Business ethics - ANSThe agreed-upon code of conduct in business, based on
societal norms
Business-level strategy - ANSThe goal-directed actions managers take in their
quest for competitive advantage when competing in a single product market
CAGE distance framework - ANSA decision framework based on the relative
distance between home and a foreign target country along four dimensions;
sultural distance, administrative and political distance, geographical distance and
economic distance
Centralization - ANSAn organization element that refers to the degree to which
decision making is concentrated at the top of the organization
CEO/chairperson duality - ANSSituation where the CEO of a publicly traded
company is also the chairperson of the board of directors
Co-opetition - ANSCooperation by competitors to achieve a strategic objective
Corporate governance - ANSA system of mechanisms to direct and control an
enterprise in order to ensure that it pursues its strategic goals successfully and
legally
