Strategic Management and Strategic Competitiveness Question Paper

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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 &…show more content…
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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