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Strategic Management Theory and Cases An Integrated Approach 12th Edition By Hill - Test Bank
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Chapter 3 Internal Analysis Resources and Competitive Advantage TRUEFALSE 1. Internal analysis is concerned with identifying a company's opportunities and threats. (A) True (B) False Answer : (B) 2. Together with an analysis of the company's external environment, internal analysis gives manage...

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  • August 29, 2023
  • 244
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • complete test bank
  • all chapters included
  • strategic management theory and cases an integrate

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,Chapter 1 Strategic Leadership Managing the Strategy
Making Process for Competitive Advantage

TRUEFALSE

1. A strategy can be defined as a set of related actions that managers take to increase their
company's performance.

(A) True

(B) False

Answer : (A)


2. Strategic leadership is concerned with how to most effectively manage a company's strategy-
making process to create competitive advantage.

(A) True

(B) False

Answer : (A)


3. To increase shareholder value, managers must try to venture into new markets whether the
results are profitable or not.

(A) True

(B) False

Answer : (B)


4. A firm obtains competitive advantage when its strategy results in superior performance compared
to its competitors.

(A) True

(B) False

Answer : (A)


5. ROIC is a measure of how efficiently and effectively managers use the capital at their disposal to
produce profitability.

(A) True

(B) False

,Answer : (A)


6. The profit growth of a company can be measured by the increase in net profit over time.

(A) True

(B) False

Answer : (A)


7. A business model is managers' conception of how the set of strategies their company pursues
should mesh together into a congruent whole, thus enabling the company to gain a competitive
advantage and achieve superior profitability and profit growth.

(A) True

(B) False

Answer : (A)


8. One of the factors that distinguish organizations in the nonprofit sector from profit-making
businesses is the lack of a need for strategic management.

(A) True

(B) False

Answer : (B)


9. General managers bear responsibility for the overall performance of the company or for one of its
major self-contained subunits or divisions.

(A) True

(B) False

Answer : (A)


10. The CEO is a company's principal general manager.

(A) True

(B) False

Answer : (A)


11. The final component of the strategic management process is crafting the organization's mission
statement, which provides the framework or context within which strategies are formulated.

, (A) True

(B) False

Answer : (B)


12. The concepts vision and mission can be used interchangeably.

(A) True

(B) False

Answer : (B)


13. The mission of a company lays out some desired future state and articulates what the company
would like to achieve.

(A) True

(B) False

Answer : (B)


14. The values of a company state how managers and employees should conduct themselves.

(A) True

(B) False

Answer : (A)


15. Well-constructed goals provide a means by which the performance of managers can be
evaluated.

(A) True

(B) False

Answer : (A)


16. A SWOT analysis is implemented to fine-tune strategies.

(A) True

(B) False

Answer : (A)

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