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| 1 | |
A strategic inflection point may arise from |
| | A) | new technologies |
| | B) | transformations in competitor values and preferences |
| | C) | constant regulatory conditions |
| | D) | all of the above |
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| 2 | |
The goal of strategic management is |
| | A) | sustained customer advantage |
| | B) | sustained comparative advantage |
| | C) | sustained competitive advantage |
| | D) | sustained collaborative advantage |
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| 3 | |
Which of the following is NOT a mechanism to protect a firm’s sustained competitive advantage (SCA)? |
| | A) | The industry structure |
| | B) | Peculiar configurations of resources, capabilities, and competencies |
| | C) | Continuous positioning and repositioning |
| | D) | All of the above are protection mechanisms |
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| 4 | |
To make winning moves, managers must find ______ and ______ that meet customer demands. |
| | A) | sales, products |
| | B) | business models, products |
| | C) | profitable patterns, business models |
| | D) | business models, sales |
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| 5 | |
Changes in the rules of the “game” of strategy occur not only because of variations in the legal and ethical climate but also because of changes in technology and ______. |
| | A) | competition |
| | B) | economics |
| | C) | laws |
| | D) | ergonomics |
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| 6 | |
What a company currently is best at is incorporated into its ______. |
| | A) | vision |
| | B) | mission |
| | C) | goals |
| | D) | objectives |
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| 7 | |
____ is the evolution of a general idea through continually changing circumstances. |
| | A) | Vision |
| | B) | Mission |
| | C) | Strategy |
| | D) | Objective |
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| 8 | |
_____ strategies differ from _____ ones. |
| | A) | Original, adapted |
| | B) | Original, realized |
| | C) | Realized, intended |
| | D) | Intended, original |
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