Strategic Management and Strategic Competitiveness Question Paper

11270 Words May 22nd, 2011 46 Pages
Chapter 1—Strategic Management and Strategic Competitiveness

TRUE/FALSE

1. The Opening Case shows that McDonald’s is one of the few firms able to achieve strategic competitiveness from its founding until the present time.

ANS: F PTS: 1 DIF: Medium REF: 3
OBJ: 01-01 TYPE: application
NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing strategy and innovation

2. By focusing on product innovations and upgrades of its properties, McDonald’s was able to achieve strategic competitiveness and above average returns.

ANS: T PTS: 1 DIF: Medium REF: 3-4
OBJ: 01-01 TYPE: application
NOT: AACSB: Business Knowledge and Analytical Skills | Management: Strategy| Dierdorff &
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Wal-Mart is trying to achieve a boundaryless retailing empire by implementing global pricing, sourcing, and logistics.

ANS: T PTS: 1 DIF: Easy REF: 10
OBJ: 01-02 TYPE: application
NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Managing logistics & technology

14. The two primary drivers of hypercompetition are the emergence of the global economy and technology.

ANS: T PTS: 1 DIF: Easy REF: 9
OBJ: 01-02 TYPE: knowledge
NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing strategy & innovation

15. The rate of technology diffusion has been steadily increasing over the last two decades.

ANS: T PTS: 1 DIF: Easy REF: 11
OBJ: 01-02 TYPE: knowledge
NOT: AACSB: Information Technology | Management: Information Technology | Dierdorff & Rubin: Knowledge of technology, design, & production

16. While patents may be an effective way of protecting proprietary technology in some industries such as pharmaceuticals, many firms competing in the electronics industry do not apply for patents.

ANS: T PTS: 1 DIF: Medium REF: 12
OBJ: 01-02 TYPE: application
NOT: AACSB: Information Technology | Management: Information Technology | Dierdorff & Rubin: Knowledge of technology, design, & production

17. Examples of incremental innovations include
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