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Test Bank For Strategic Management5th Edition By Frankrothaermel()/9781260261288 / Chapter1-12/Complete Questions Andanswersa+ $10.49   Add to cart

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Test Bank For Strategic Management5th Edition By Frankrothaermel()/9781260261288 / Chapter1-12/Complete Questions Andanswersa+

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Test Bank For Strategic Management5th Edition By Frankrothaermel()/9781260261288 / Chapter1-12/Complete Questions Andanswersa+

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  • October 11, 2024
  • 178
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business
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1. Award:




A cgood cstrategy cis ca cset cof cactions cthat cenables ca cfirm cto cachieve cits cown
cinternal cgoals cwithout cregard cto cthe cexternal cenvironment.

True

➜ False




The csuccess cof ca cstrategy cheavily cdepends con cthe cexternal cenvironment. cA cgood
cstrategy cis ca cset cof cactions cthat cenables ca cfirm cto cachieve csuperior cperformance
crelative cto cits ccompetitors. cIn cthis clight, ca cstrategy cwhich cproduces conly ca cminor
closs cof crevenues cwhile ccompetitors csuffer c heavy closses ccan cbe cseen cas csuccessful.



Difficulty: c2 cMedium Learning cObjective: c01-01 cExplain cthe crole
of cstrategy cin ca cfirm's cquest cfor
ccompetitive cadvantage.




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, For c All cChapters c --> c www.stuvia.com

2. Award:




The cfollowingcstatement cby cthe cchief cexecutive cof cGoFlix cmovie cstudio cis can ceffective
cstrategy: c“We cwill cproduce cthe cgreatest cfilms cof cthe c21st ccentury.”

True

➜ False




Grandiose cstatements care cnot cstrategy. cAlthough cGoFlix’s cvision cof cproducing cthe
chighest-quality cfilms camong call cstudios cmay clay cthe cfoundation cfor can ceffective
cstrategy, cit cmust cbe cbacked cup cby ca cclear cset cof cactions cthat cwill callow cthe
cfirm cto caddress cthe ccompetitive cchallenge cwith cclear cconsideration cof cvalue ccreation
cand ccosts.



Difficulty: c2 cMedium Learning cObjective: c01-02 cDefine
competitive cadvantage,
csustainable ccompetitive
cadvantage, ccompetitive
cdisadvantage, cand ccompetitive
cparity.


3. Award:




The cthree ctasks cof cthe cAFI cstrategy cframework care cto cAssemble ca cprototype, cFind
ca cbuyer, cand cIncorporate cfeedback.

True

➜ False




The cthree ctasks cof cthe cAFI cstrategy cframework care cto cAnalyze, cFormulate, cand
cImplement. cThis cframework c(1) cexplains cand cpredicts cdifferences cin cfirm cperformance,
cand c(2) chelps cmanagers cformulate cand cimplement ca cstrategy cgrounded cin cinternal
cand cexternal canalysis cthat ccan cresult cin csuperior cperformance.



Difficulty: c2 cMedium Learning cObjective: c01-05 cExplain cthe
Analysis, c Formulation, c Implementation
c (AFI) cStrategy cFramework.
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, This cis ca
cpreview


Do cyou c want c full caccess? cGo cPremium c and cunlock call c 95
c pages

Access cto call

cdocuments cGet

cUnlimited cDownloads

cImprove cyour cgrades


Free cTrial
Get c30 cdays cof cfree cPremium




Upload
Share cyour cdocuments cto cunlock




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, For c All cChapters c --> c www.stuvia.com

4. Award:




Questions casked cduring c the c strategy canalysis c stage cof c the c AFI c framework c include
c “How c does cthe cfirm cmake cmoney?” cand c “What c effects cdo cforces c in cthe cexternal
cenvironment c have con cthe cfirm’s cpotential cto cgain cand csustain ca ccompetitive
cadvantage?”

➜ True

cFals
e




Strategy canalysis c involves c consideration c of c both cthe cfirm’s c internal c and c external
c environments, c and cthe crole cthat cstrategic cmanagers cplay cin cestablishing cand
cmaintaining ca ccompetitive cadvantage.



Difficulty: c3 cHard Learning cObjective: c01-05 cExplain cthe
Analysis, cFormulation, cImplementation
c(AFI) cStrategy cFramework.


5. Award:




Once ca cstrategy chas cbeen cformulated cand cimplemented, cit cis cimportant cthat cthe cfirm
csticks cto cit cno cmatter cwhat chappens.

True

➜ False




Strategic c leaders c make c decisions c under c conditions c of c uncertainty c and c complexity.
c They c must c carefully cmonitor cand cevaluate cthe cprogress ctoward ckey cstrategic
cobjectives cand cmake cadjustments cby cfine- ctuning cany cstrategy cas cnecessary.



Difficulty: c2 cMedium Learning cObjective: c01-05 cExplain cthe
Analysis, cFormulation, cImplementation
c(AFI) cStrategy cFramework.



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about:blank 4/176

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