Question 1

Differentiate among the following four strategic maneuvers: domain selection, diversification, merger and acquisition, and divestiture.

Accepted Answer

Domain selection is the entrance by a co...

Question 2

Differentiate between unattractive and attractive competitive environments using Porter's model of competitive environment, and give an example for each situation.

Accepted Answer

An attractive environment is characteriz...

Question 3

The culture at Hank Corp. can best be described as an)

Accepted Answer

A)   clan culture.
B)   hierarchical culture.
C)   rational culture.
D)   adhocratic culture.
E)   market culture.F) A) and E)
G) A) and D)

Question 4

Identify the environmental factor that contributes to an attractive environment for firms.

Accepted Answer

A)   many barriers to entry
B)   high threat of entry
C)   many competitors
D)   few suppliers
E)   many substitutesF) A) and C)
G) B) and C)

Question 5

Ted Inc. traditionally provides subcontracting services to construction firms. There are many firms like Ted Inc. in the marketplace, but it does about 85 percent of the work for Will's Construction Corp. Will typically negotiates quite heavily, reducing Ted's profits. This situation is indicative of the high bargaining power of

Accepted Answer

A)   customers.
B)   suppliers.
C)   substitute companies.
D)   competitors.
E)   complementary firms.F) D) and E)
G) A) and B) A

Question 6

A customer who purchases products in their finished form is an)  _____ consumer.

Accepted Answer

A)   immediate
B)   final
C)   alpha
D)   complete
E)   suaveF) None of the above
G) A) and B) B

Question 7

When Carousel Corp. advertises its soap products as better than the soap products of Rhye Corp., Carousel is demonstrating

Accepted Answer

A)   competitive aggression.
B)   competitive pacification.
C)   benchmarking.
D)   smoothing.
E)   cooptation.F) A) and E)
G) A) and D)

Question 8

Entering a new market or industry with existing expertise is known as divestiture.

Accepted Answer

A) True 
 B)False

Question 9

A centralized, organic approach with direct supervision for managing uncertainty is ideal for which of the following environments?

Accepted Answer

A)   stable and complex
B)   complex and dynamic
C)   dynamic and simple
D)   simple and stable
E)   stable and dynamicF) B) and C)
G) C) and E)

Question 10

Which of the following approaches should an organization adopt for managing uncertainty in a simple and stable environment?

Accepted Answer

A)   centralized and organic approach, with direct supervision
B)   decentralized and bureaucratic approach, with standardized skills
C)   decentralized and organic approach, with mutual adjustment
D)   centralized and bureaucratic approach, with standardized work processes
E)   centralized and organic approach, with mutual adjustmentF) C) and D)
G) All of the above

Question 11

_____ is a barrier to entry.

Accepted Answer

A)   Price reductions
B)   Brand identification
C)   Advertising campaigns
D)   Capital requirements
E)   Environmental uncertaintyF) A) and C)
G) A) and B)

Question 12

Describe the culture of an organization in which you have either worked or studied. Which of the four types of organizational culture described in the chapter does your organization illustrate? Justify your answer.

Accepted Answer

The answer of Describe the culture of an organization in...

Question 13

_____ is independent action to improve relations with competitors.

Accepted Answer

A)   Competitive intelligence
B)   Coalition
C)   Cooptation
D)   Competitive aggression
E)   Competitive pacificationF) A) and B)
G) A) and C)

Question 14

The fact that it will require such a large capital investment to start a new casino is an example of

Accepted Answer

A)   high bargaining power of customers.
B)   low threat of new entrants.
C)   high threat of new entrants.
D)   many substitute products.
E)   low bargaining power of customers.F) A) and B)
G) None of the above

Question 15

A decentralized, bureaucratic approach with standardized skills for managing uncertainty is ideal for which of the following environments?

Accepted Answer

A)   stable and complex
B)   complex and dynamic
C)   simple and stable
D)   dynamic and simple
E)   stable and dynamicF) B) and D)
G) D) and E)

Question 16

_____ is the number of issues to which a manager must attend, and the degree to which they are interconnected.

Accepted Answer

A)   Complexity
B)   Dynamism
C)   Environmental uncertainty
D)   Continuous change
E)   MinimizationF) A) and B)
G) B) and D) A

Question 17

Some companies, called prospectors, are more likely than others to engage in strategic maneuvering.

Accepted Answer

A) True 
 B)False

Question 18

The spreadsheet that Jane creates gives her a chance to use

Accepted Answer

A)   forecasting.
B)   competitive intelligence.
C)   environmental scanning.
D)   benchmarking.
E)   scenario development.F) A) and D)
G) B) and E)

Question 19

Wright Bank Corp. utilizes the janitorial services of Rob's Scrub-All Corp. to keep their buildings clean. Rob's provides all the necessary cleaning supplies, training, background security checks since the crew works after hours) , and all other associated expenses. The other available janitorial services do not typically provide security checks, and a client such as a bank would have to hire guards to watch the work of the janitors. This expense effectively limits the bank to utilizing only Rob's services. Which of the following is being incurred by Wright Bank?

Accepted Answer

A)   high employment costs
B)   unfavorable supplier status
C)   high switching costs
D)   favorable quality status
E)   complementary productsF) B) and D)
G) B) and E)

Question 20

______ is exploiting a distinctive competence or improving efficiency for competitive advantage.

Accepted Answer

A)   Competitive intelligence
B)   Cooptation
C)   Competitive aggression
D)   Coalition
E)   SmoothingF) A) and D)
G) B) and E)

Exam 3: The Organizational Environment and Culture

Differentiate among the following four strategic maneuvers: domain selection, diversification, merger and acquisition, and divestiture.

Correct Answer
verified
Domain selection is the entrance by a co...
View Answer

Differentiate between unattractive and attractive competitive environments using Porter's model of competitive environment, and give an example for each situation.

Correct Answer
verified
An attractive environment is characteriz...
View Answer

The culture at Hank Corp. can best be described as an)

Correct Answer
verified

Identify the environmental factor that contributes to an attractive environment for firms.

Correct Answer
verified

Correct Answer
verified
A

A customer who purchases products in their finished form is an) _____ consumer.

Correct Answer
verified
B

When Carousel Corp. advertises its soap products as better than the soap products of Rhye Corp., Carousel is demonstrating

Correct Answer
verified

Entering a new market or industry with existing expertise is known as divestiture.

Correct Answer
verified

A centralized, organic approach with direct supervision for managing uncertainty is ideal for which of the following environments?

Correct Answer
verified

Which of the following approaches should an organization adopt for managing uncertainty in a simple and stable environment?

Correct Answer
verified

_____ is a barrier to entry.

Correct Answer
verified

Describe the culture of an organization in which you have either worked or studied. Which of the four types of organizational culture described in the chapter does your organization illustrate? Justify your answer.

Correct Answer
verified

_____ is independent action to improve relations with competitors.

Correct Answer
verified

The fact that it will require such a large capital investment to start a new casino is an example of

Correct Answer
verified

A decentralized, bureaucratic approach with standardized skills for managing uncertainty is ideal for which of the following environments?

Correct Answer
verified

_____ is the number of issues to which a manager must attend, and the degree to which they are interconnected.

Correct Answer
verified
A

Some companies, called prospectors, are more likely than others to engage in strategic maneuvering.

Correct Answer
verified

The spreadsheet that Jane creates gives her a chance to use

Correct Answer
verified

Correct Answer
verified

______ is exploiting a distinctive competence or improving efficiency for competitive advantage.

Correct Answer
verified

Exam 3: The Organizational Environment and Culture

Differentiate among the following four strategic maneuvers: domain selection, diversification, merger and acquisition, and divestiture.

Correct AnswerverifiedDomain selection is the entrance by a co...View AnswerShow Answer

Differentiate between unattractive and attractive competitive environments using Porter's model of competitive environment, and give an example for each situation.

Correct AnswerverifiedAn attractive environment is characteriz...View AnswerShow Answer

The culture at Hank Corp. can best be described as an)

Correct AnswerverifiedShow Answer

Identify the environmental factor that contributes to an attractive environment for firms.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedA

A customer who purchases products in their finished form is an) _____ consumer.

Correct AnswerverifiedB

When Carousel Corp. advertises its soap products as better than the soap products of Rhye Corp., Carousel is demonstrating

Correct AnswerverifiedShow Answer

Entering a new market or industry with existing expertise is known as divestiture.

Correct AnswerverifiedShow Answer

A centralized, organic approach with direct supervision for managing uncertainty is ideal for which of the following environments?

Correct AnswerverifiedShow Answer

Which of the following approaches should an organization adopt for managing uncertainty in a simple and stable environment?

Correct AnswerverifiedShow Answer

_____ is a barrier to entry.

Correct AnswerverifiedShow Answer

Describe the culture of an organization in which you have either worked or studied. Which of the four types of organizational culture described in the chapter does your organization illustrate? Justify your answer.

Correct AnswerverifiedShow Answer

_____ is independent action to improve relations with competitors.

Correct AnswerverifiedShow Answer

The fact that it will require such a large capital investment to start a new casino is an example of

Correct AnswerverifiedShow Answer

A decentralized, bureaucratic approach with standardized skills for managing uncertainty is ideal for which of the following environments?

Correct AnswerverifiedShow Answer

_____ is the number of issues to which a manager must attend, and the degree to which they are interconnected.

Correct AnswerverifiedA

Some companies, called prospectors, are more likely than others to engage in strategic maneuvering.

Correct AnswerverifiedShow Answer

The spreadsheet that Jane creates gives her a chance to use

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

______ is exploiting a distinctive competence or improving efficiency for competitive advantage.

Correct AnswerverifiedShow Answer

Correct Answer
verified
Domain selection is the entrance by a co...
View Answer

Correct Answer
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An attractive environment is characteriz...
View Answer

Correct Answer
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A

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B

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A

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