100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Strategic Management Theory and Cases An Integrated Approach 12th Edition By Hill - Test Bank CA$34.20   Add to cart

Exam (elaborations)

Strategic Management Theory and Cases An Integrated Approach 12th Edition By Hill - Test Bank

 12 views  0 purchase
  • Course
  • Institution

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...

[Show more]

Preview 4 out of 244  pages

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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$34.20. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79271 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$34.20
  • (0)
  Add to cart