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When firms are purchased in the same
horizontal acquisition
industry, this is known as:
Effectively using executive compensa-
tion as a governance mechanism is par-
international
ticularly challenging for firms implement-
ing strategies.
By sharing resources and knowledge be-
tween units and network partners across
synergy
country borders, firms learn how to cre-
ate
Which of the following criterion is most
likely to be used to measure the success
Speed of growth
of a small, new company, Hippolite Mud
Resort, which opened six months ago?
An appropriate guideline for competitor
Respect the principles of common moral-
intelligence practices includes which of
ity.
the following?
Managing the business units of a ge-
ographically diverse multinational firm
requires skill, not only in managing a
set of businesses, but also coor- decentralized; diverse
dinating points of view emerging
from businesses located in countries and
regions.
All of the following are value-creating
risk reduction for the firm
reasons for diversification EXCEPT:
Ted is one of the production managers
at Agritech Industries. He feels that
changes to products are disruptive to the
an entrepreneurial mind-set.
production procedures that are currently
in place. In general, therefore, Ted views
innovations as threats. Ted lacks:
Which of the following is a reason why Typically, the effects of top-level man-
it can be difficult for boards of directors agers' decisions are stronger on the
to effectively assess top-level managers' firm's long-term performance than its
decisions on a regular basis? short-term performance.
, WPC 470 Actual Exam
Questions With Reviewed 100% Correct Detailed Answers
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International corporate-level strategy fo-
cuses on the scope of a firm's operations geographic
through diversification.
A company that pursues a diversifying
strategic alliance might be motivated by enter a new market.
the desire to:
What is the determinant of national ad-
vantage that fosters the growth of certain
Firm strategy, structure, and rivalry
industries and varies greatly from nation
to nation?
Which of the following is one of the most
Transformational leadership
effective strategic leadership styles?
When creating value through internal in-
novation processes, which of the follow-
Cross-functional product teams
ing is important for promoting integrated
new product design ideas?
A firm should analyze the internal organi-
zation to identify its strengths and weak-
competitors' capabilities
nesses as reflected by all of the following
EXCEPT:
When a company has a homogeneous
An ambiguous situation where there is
top management team and external
potential for a change in the top manage-
CEO succession, which of the following
ment team and the strategy
situations will result?
many Asian and Latin American con-
While U.S. firms use downscoping as a
glomerates have also chosen to down-
restructuring strategy,
scope.
An FMS allows a manufacturer to con-
Which of the following statements about nect with its suppliers, distributors, and
a flexible manufacturing system (FMS) is customers, which enables it to satisfy
NOT true? customer expectations in terms of prod-
uct quality and delivery speed.
is change resulting from selecting
Strategic change
and implementing a firm's strategies.