Exam (elaborations)
SOLUTION MANUAL FOR CONTEMPORARY STRATEGY ANALYSIS, 10TH EDITION, ROBERT M. GRANT
- Course
- Institution
SOLUTION MANUAL FOR CONTEMPORARY STRATEGY ANALYSIS, 10TH EDITION, ROBERT M. GRANT
[Show more]
Seller
Follow
Content preview
lOMoAR cPSD| 30231439SOLUTION MANUAL FOR CONTEMPORARY
STRATEGY ANALYSIS, 10TH EDITION,
ROBERT M. GRANT
, lOMoAR cPSD| 30231439
CONTEMPORARY STRATEGY ANALYSIS 10E
TEST BANK: CHAPTER 1
THE CONCEPT OF STRATEGY
TRUE OR FALSE QUESTIONS
1. Strategy Is A Unifying Theme That Gives Coherence And Direction To The Actions And
Decisions Of An Organization.
[See P.4]
a. T*
b. F
2. The Successful Careers Of Both Queen Elizabeth Ii And Lady Gaga May Be Attributed To
Their Commitment To Systematic Strategic Planning
[See P.5]
a. T
b. F*
3. A Key Component Of An Effective Strategy Is Clear, Consistent, Long-Term
Goals. [See Pp.5-6]
*A. T
B. F
4. If A Firm Can Devise A Brilliant Strategy, It Will Be Successful Irrespective Of How
Effectively It Is Implemented.
[See P.5]
A. T
*B. F
5. A Major Problem Of Using Swot Analyses In Distinguishing Strengths From Weaknesses
And Opportunities From Threats.
[See P.10]
*A. T
B. F
6. “Strategic Fit” Refers To The Consistency Between A Firm’s Strategy And, On One Hand, Its
External Environment And, On The Other, Its Internal Resources And Capabilities.
[See P.10]
*A. T
B. F
7. Contingency Theory Postulates That A Firm’s Strategy Must To Flexible In Order To Meet Any
Possible Contingency.
[See Pp.10-11]
A. T
*B. F
8. Strategy Denotes An Overall Plan Whereas A Tactic Is A Scheme For A Specific
Action. [See P.11]
*A. T
B. F
9. The Principles Of Military Strategy Are Rarely Applicable To Business
Situations. [See Pp.11-12]
© 2019 John Wiley & Sons, Inc. 1
, lOMoAR cPSD| 30231439
A. T
*B. F
10. Strategic Decisions Are Important, Involve A Significant Commitment Of Resources, And Should Be
Easily Reversible.
[See P.11]
A. T
*B. F
11. Game Theory Is A Useful For Studying Competitive Behavior In Politics, Military Campaigns
And International Relations, But It Cannot Be Used To Analyze Business Strategies.
[See P.12]
A. T
*B. F
12. The Main Factor Causing The Transition From Corporate Planning To Strategic Management
Was The Increasing Inability Of Companies To Forecast Economic Conditions Four Or Five Years
Into The Future. [See P.12]
*A. T
B. F
13. Strategy Is A Detailed Plan That Programs The Actions Of An Organization Or An
Individual. [See Pp.14-15]
A. T
*B. F
14. Strategic Choices Involve Two Basic Questions: Where And How To
Compete? [See P.18]
*A. T
B. F
15. In The Large, Complex Firm, Two Main Levels Of Strategy Can Be Distinguished: Corporate
Strategy And Business (Or Competitive) Strategy.
[See Pp.18-19]
*A. T
B. F
16. When Describing The Strategy Of A Firm, It Is Best To Ignore The Current Positioning Of The Firm In
Order To Concentrate Upon The Direction In Which The Firm Will Develop In The Future.
[See Pp.19-20]
A. T
*B. F
17. The Reason That A Firm’s Realized Strategy Diverges From Its Intended Strategy Is Because
Strategy Making Is, To A Great Extent, An Emergent Process.
[See Pp.20-21]
*A. T
B. F
18. According To Henry Mintzberg, Firm Strategy Should Be Formulated By Top Management Through
Rational Deliberation Utilizing All Available Data.
[See P.21]
A. T
*B. F
19. The Dynamic, Future-Oriented Dimension Of A Firm’s Strategy Is Described
By Its Mission And Vision Statements And Its Performance Targets.
© 2019 John Wiley & Sons, Inc. 2
, lOMoAR cPSD| 30231439
[See P.21]
*A. T
B. F
20. THE BALANCE BETWEEN INTENDED AND EMERGENT STRATEGY DEPENDS
PRIMARILY UPON THE STABILITY AND PREDICTABILITY OF THE ORGANIZATION’S
BUSINESS ENVIRONMENT. THE MORE STABLE AND PREDICTABLE THE ENVIRONMENT,
THE GREATER THE IMPORTANCE OF EMERGENT STRATEGY.
[SEE P.23]
A. T
*B. F
21. APPLYING THE TOOLS OF STRATEGY ANALYSIS TO NOT-FOR-PROFIT ORGANIZATIONS IS
SIMPLIFIED BY THE FACT THAT THEY DO NOT NEED TO BE CONCERNED WITH MAXIMIZING
PROFIT.
[SEE P.27]
a. T
*B. F
MULTIPLE CHOICE QUESTIONS
1. THE PRIMARY PURPOSE OF STRATEGY IS:
[SEE P.4]
a. TO MAXIMIZE SHAREHOLDER VALUE
*B. TO ACHIEVE SUCCESS
c. TO ENSURE THAT ALL STAKEHOLDERS BENEFIT FROM THE VALUE CREATED BY THE FIRM
d. TO BE A RESPONSIBLE CORPORATE CITIZEN
2. THE SUCCESSFUL CAREERS OF BOTH QUEEN ELIZABETH II AND LADY GAGA MAY BE
ATTRIBUTED TO THE FACT THAT BOTH:
[SEE PP.4-8]
a. HAVE USED DRESSING UP AS A MEANS OF ATTRACTING ATTENTION AND ESTABLISHING
IDENTITY
b. HAVE A KNACK FOR BEING IN THE RIGHT PLACE AT THE RIGHT TIME
*C. HAVE A CONSISTENCY OF DIRECTION BASED ON CLEAR GOALS
D. HAVE BUILT A LOYAL FAN BASE BASED ON ASTUTE USE OF THE MEDIA.
3. FOR BOTH INDIVIDUALS AND BUSINESSES, SUCCESSFUL STRATEGIES
ARE CHARACTERIZED BY: [SEE P.5]
a. UNRELENTING COMMITMENT TO AMBITIOUS GOALS
*B. CLEAR GOALS, UNDERSTANDING THEIR COMPETITIVE ENVIRONMENT, AWARENESS OF
INTERNAL STRENGTHS AND WEAKNESSES, AND EFFECTIVE IMPLEMENTATION
c. METICULOUS PLANNING
d. POSSESSING SUPERIOR RESOURCES THAT ARE DEPLOYED TO BUILD COMPETITIVE
ADVANTAGE.
4. STRATEGIC GOALS SHOULD BE:
[SEE PP.5-9]
a. SIMPLE
b. CONSISTENT
c. LONG TERM
*D. ALL OF THE ABOVE
5. THE MAIN PROBLEM OF SWOT AS A FRAMEWORK FOR
STRATEGY ANALYSIS IS THAT: [SEE P.10]
*A. DISTINGUISHING OPPORTUNITIES FROM THREATS AND STRENGTHS FROM WEAKNESSES IS
OFTEN DIFFICULT
© 2019 John Wiley & Sons, Inc. 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PRECIOUSJOY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now