ALC 6 EXAM QUESTIONS & ANSWERS LATEST UPDATE
1. What does the resource-based view focus on?
a. Government and societal forces.
b. The firm's internal strengths and weakness.
c. The firm's competitive forces within an industry that impact all firms.
d. The firm's decisions and actio...
direct discussion of reduced rivalry with competitors
localization multi
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ALC 6 EXAM QUESTIONS & ANSWERS LATEST UPDATE
1. What does the resource-based view focus on?
a. Government and societal forces.
b. The firm's internal strengths and weakness.
c. The firm's competitive forces within an industry that impact all firms.
d. The firm's decisions and actions.
2. What does the institutional-based view focus on?
a. Government and societal forces.
b. The firm's internal strengths and weakness.
c. The firm's competitive forces within an industry that impact all firms.
d. The firm's decisions and actions.
3. Global strategies have reached new levels of significance because of what three defining
events?
a. Education, fewer travel restrictions, and world banking.
b. Cultural diversity, world-wide education standards, and emerging nations.
c. Terrorist attacks, anti-globalization protests, and corporate crisis in the U.S. and
Asia.
d. Expanding travel, shared sense of capitalism, and world standards for ethical
behavior.
4. At the dawn of the 21st century, blank had significant ramifications
for companies and strategists around the world.
a. unethical behavior
b. world-wide education
c. corporate governance crisis
d. expanding travel
5. What are the three "legs" of the strategy tripod that ensure a strategy impacts
performance?
a. Industry-based competition, firm-specific resources and capabilities, and
institutional conditions and transitions.
b. Resources, industry-based considerations, and local influences.
c. Corporate leadership, willingness to take a loss, and desire to build on other-
country markets.
d. Innovative goods, low-cost production centers, and sufficient capital to withstand
the initial stages.
6. Managing global competitive dynamics comes down to .
a. understanding why firms compete
b. understanding the "rules of the game"
c. how industry-, resource-, and institution-based considerations influence their
competitive/cooperative actions
d. firms engaging in collusion
, 7. What is industry-based strategy concerned with?
a. Firms creating value when engaging in strategic actions.
b. Managers are well versed in the "rules of the game" governing domestic and
international competition.
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