Question 1

________________ is the ability of a company to achieve and maintain a unique and valuable competitive position both within a nation and globally,generating higher rates of profit than its competitors.

Accepted Answer

The answer of ________________ is the ability of a company...

Question 2

The strategic management approach to planning

Accepted Answer

Important stakeholders such as governments and activists (social, environmental, and political) are also relevant influences, if not necessarily direct participants, in the strategic management approach to the planning process. Incorporating their perspectives can help a company creatively address the challenge of increasingly uncertain and changing international competitive environments.

Question 3

A ________________ is a set of interlinked activities that adds value to the final product or service.

Accepted Answer

The answer of A ________________ is a set of interlinked...

Question 4

________________ help ensure that decision makers have a common understanding of the business,the strategy,the assumptions behind the strategy,the external business environment pressures,and their own direction.

Accepted Answer

The answer of ________________ help ensure that decision makers have...

Question 5

The ultimate manager of strategic planning and strategy making is the firm's ________________________.

Accepted Answer

The answer of The ultimate manager of strategic planning and...

Question 6

Identifying and assessing changes in internal and environmental forces by building ______ of possible futures is a key part of companies' strategic planning processes.

Accepted Answer

The answer of Identifying and assessing changes in internal and...

Question 7

The first step in the process of strategic planning is to analyze the company's ________ environment.

Accepted Answer

The answer of The first step in the process of...

Question 8

Knowledge that is easy to communicate to others via words,pictures,formulas,or other means is known as ________ knowledge.

Accepted Answer

The answer of Knowledge that is easy to communicate to...

Question 9

In the new strategic planning process

Accepted Answer

A difference between the new and the old approaches: traditional planning is a company activity done in seclusion, while the new approach often includes interaction with such parties as important customers, distributors, suppliers, and alliance partners, in order to gain firsthand experience with the firm's markets. Other important stakeholders such as governments and activists (social, environmental, and political) are also relevant influences, if not necessarily direct participants, in this strategic planning process.

Question 10

What makes the activities in a worldwide corporation more complex than they are in a purely domestic firm is the wide range of potential variation in the ________ forces external to the firm.

Accepted Answer

The answer of What makes the activities in a worldwide...

Question 11

Bain & Company's "Management Tools and Trends" survey has consistently reported that ________________ continues to be among the most commonly used management tool among global executives,and it is the tool with one of the highest reported levels of satisfaction.

Accepted Answer

The answer of Bain & Company's "Management Tools and Trends"...

Question 12

________________ is the process by which an organization determines where it is going in the future,how it will get there,and how it will assess whether and to what extent it has achieved its goals.

Accepted Answer

The answer of ________________ is the process by which an...

Question 13

In planning,there has recently been a decided move among many firms

Accepted Answer

Top managers of many companies have come to realize there is no point in making new detailed five-year forecasts when international crises are exploding their earlier ones. Instead, they have moved toward less-structured formats and much shorter documents and accept that effective strategic planning encourages ideas to surface anywhere in the organization and at any time.

Question 14

A ________________________ is an assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations,intended to determine where and to what extent value is added to the final product or service.

Accepted Answer

The answer of A ________________________ is an assessment conducted on...

Question 15

________ is a plan that guides the way firms make fundamental choices about developing and deploying scarce resources internationally,including what products or services to offer,which markets to enter,and ways to compete.

Accepted Answer

The answer of ________ is a plan that guides the...

Question 16

The practices that organizations and their managers use for identifying,creating,acquiring,developing,dispersing,and exploiting competitively valuable knowledge is known as _______________.

Accepted Answer

The answer of The practices that organizations and their managers...

Question 17

Knowledge that an individual has but that is difficult to express clearly in words,pictures,or formulas and is therefore difficult to transmit to others is known as ________ knowledge.

Accepted Answer

The answer of Knowledge that an individual has but that...

Question 18

According to the text,changes in the way corporate planning is done include

Accepted Answer

The new approach to corporate planning often includes interaction with such parties as important customers, distributors, suppliers, and alliance partners, in order to gain firsthand experience with the firm's markets.

Question 19

The new directions in planning

Accepted Answer

Top management, at the urging of strategy consultants, is assigning strategic planning to teams of line and staff managers from different business, geographic, and functional areas, much as it has already done with process improvement and quality improvement.

Question 20

An ________________ process is useful for continuous gathering of information,but managers also need to develop and implement appropriate responses to any changes in key environmental forces such as competitors' actions and changes in government taxes and regulations.

Accepted Answer

The answer of An ________________ process is useful for continuous...

Quiz 9: International Competitive Strategy