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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN: 9781266191862 | All Chapters 1 - 12 | Full Complete $19.99
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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN: 9781266191862 | All Chapters 1 - 12 | Full Complete
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Test Bank for Strategic Management: Concepts, 6th Edition 6e by Frank Rothaermel. ISBN-13: 4312 Full Chapters test bank included PART ONE: ANALYSIS CHAPTER 1: What Is Strategy? CHAPTER 2: Strategic Leadership: Managing the Strategy Process CHAPTER 3: External Analysis: Industry Structure, Competiti...

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  • January 6, 2025
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  • 2024/2025
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TEST BANK FOR gt gt



Strategic Management 6th Edition Rothaermel Frank
gt gt gt gt gt


ISBN 9781265954574
gt



Chapter 1-12 gt g t Answers are at the End of Each Chapter
gt gt gt gt gt gt gt




Chapter 1 gt




Student name: gt


1) A gtgood gtstrategy gtallows gta gtfirm gtto gtachieve gtsuperior gtperformance gtand gtsustainable
competitive gtadvantage gtwithout gtregard gtto gtthe gtexternal gtenvironment.
gt


⊚ g t true
⊚ g t false



2) The gtfollowing gtstatement gtby gtthe gtchief gtexecutive gtof gtMegaFilms gtmovie gtstudio gtshould
gtnot gtbe gtused gtas gta gtstrategy: gt“We gtwill gtproduce gtthe gtgreatest gtfilms gtof gtthe gt21st
gtcentury.”


⊚ g t true
⊚ g t false



3) The gtthree gttasks gtof gtthe gtAFI gtstrategy gtframework gtare gtto gtAssemble gta gtprototype, gtFind gta
buyer, gtand gtIncorporate gtfeedback.
gt


⊚ g t true
⊚ g t false



4) Questions gtasked gtduring gtthe gtstrategy gtanalysis gtstage gtof gtthe gtAFI gtframework gtshould
gtinclude gt“What gteffects gtdo gtforces gtin gtthe gtexternal gtenvironment gthave gton gtthe gtfirm’s
gtpotential gtto gtgain gtand gtsustain gta gtcompetitive gtadvantage?”


⊚ g t true
⊚ g t false

,5) Once gta gtstrategy gthas gtbeen gtformulated gtand gtimplemented, gtit gtis gtimportant gtthat gtthe gtfirm
gt sticks gtto gtit gtno gtmatter gtwhat gthappens.
⊚ g t true
⊚ g t false



6) Because gtthey gtare gta gtcrucial gtcomponent gtof gta gtfirm’s gtsuccess, gtcustomers gtare gtconsidered
gt internal gtstakeholders.
⊚ g t true
⊚ g t false



7) A gtfirm gtis gtrequired gtby gtsociety gtand gtits gtshareholders gtto gtmeet gtits gtethical gtand
gt philanthropic gtresponsibilities.
⊚ g t true
⊚ g t false



8) Stakeholder gtimpact gtanalysis gtprovides gta gtdecision gttool gtthat gthelps gtstrategic gtleaders gtrecognize
the gtneeds gtof gtdifferent gtstakeholders.
gt


⊚ g t true
⊚ g t false



9) Juan gtwants gtto gtopen gthis gtown gthot gtdog gtrestaurant gtbut gtdoesn’t gtknow gtanything gtabout
gtbusiness. gtHe gtneeds gthelp gtdetermining gtwho gthis gtcompetition gtis, gthow gthe gtshould gtcraft gthis
gtstrategy gtto gtcompete gtand gthow gthe’ll gtimplement gthis gtstrategy gtto gtachieve gta gtcompetitive


gtadvantage. gtHe’s gthired gtyou gtto gthelp gthim gtget gtstarted. gtAs gta gtresult, gt you gtwill gtprobably gtuse


gtwhich gtof gtthe gtfollowing?


A) AFI gtstrategy gtframework
B) Red gtQueen gteffect
C) competitive gtbenchmarking
D) Stakeholder gtImpact gtanalysis

,10) Roberta gtis gtinterested gtin gtthe gtconcept gtof gtstrategy gtand gtdecides gtto gtcreate gther gtown. gtAs gta
gtresult, gtRoberta gtsays gtthat gther gtstrategy gtis gtto gtfocus gton gtcompetitive gtbenchmarking gtto
gtachieve gtcompetitive gtadvantage. gtWhich gtis gtthe gtbest gtevaluation gtof gtRoberta’s


gtstatement?


A) Roberta’s gtstrategy gtis gtclear, gtbut gtshe gtshould gtprovide gtmore gtdetail.
B) Roberta’s gtstrategy gtreveals gta gtclear gtstrategic gtposition gtand gttradeoff, gtso gtshe
gtshould gtproceed.


C) Roberta gtshould gtreevaluate gther gtstatement gtbecause gtit gtfails gtto gtmention gtmore gtthan
gtone gtstrategy.


D) Roberta gtshould gtreevaluate gther gtstatement gtbecause gtit gtfails gtto gtmeet gtthe gtprinciples gtof
gtwhat gta gtstrategy gtshould gtbe.




11) Tony’s gtPizza gtShop gtis gtable gtto gtnet gt$10,000 gta gtweek; gtthis gtmakes gtthe gtshop gtprofitable. gtIts
gtnumber gtone gtcompetitor, gtLeo’s gtPies, gtis gtalso gtprofitable, gtnetting gt$12,000 gta gtweek. gtLil
gtAnthony’s gtPizza gtPalace gtnets gt$13,000 gta gtweek. gtSince gtTony’s gtPizza gtShop gtis gtprofitable,


gtwe gtcan gtconclude gtthat gtit gthas gta gtcompetitive gtadvantage gtin gtits gtindustry.


A) True—competitive gtadvantage gtis gtachieved gtthrough gtprofitability gtalone.
B) True—competitive gtadvantage gtis gtachieved gtsince gtTony gthas gta gtpositive gtnet gtincome.
C) False—competitive gtadvantage gtis gtonly gtachieved gtby gtgenerating gtabove gtaverage
gtreturns, gtrelative gtto gtcompetition.


D) False—Tony gtmore gtthan gtlikely gthas gta gtsustained gtcompetitive gtadvantage gtsince gthe’s
gtbeen gtin gtbusiness gtlonger.




12) Bill’s gtAuto gt& gtAirplane gtRepair gtshop gtis gtable gtto gtgenerate gta gtpositive gtnet gtincome gtof
gt$10,000 gta gtweek, gtwhich gtis gtabout gtthe gtsame gtas gtthe gtincome gtof gta gtclose gtcompetitor. gtAs
gta gtresult, gtwe gtcan gtconclude gtthat gtthe gttwo gtbusinesses gtalso gthave gta gtcompetitive gtparity gtin


gtthe gtindustry.


A) Correct—competitive gtadvantage gtis gtachieved gtthrough gtprofitability gtalone.
B) Correct—competitive gtadvantage gtis gtachieved gtsince gtBill’s gtAuto gt& gtAirplane gtRepair
gtshop gthas gta gtpositive gtnet gtincome.


C) Correct—competitive gtparity gtis gta gtperformance gtof gttwo gtor gtmore gtfirms gtat gtthe gtsame gtlevel.
D) Incorrect—Bill’s gtAuto gt& gtAirplane gtRepair gtshop gtmore gtthan gtlikely gthas gta
gtsustained gtcompetitive gtadvantage gtbecause gtthe gtbusiness gtis gtdiversified.

, 13) To gtbetter gtachieve gta gtcompetitive gtadvantage, gtfirms gtmust gtnow gtadopt gta gtholistic gtapproach
gttowards gtsatisfying gtmultiple gtstakeholders gtopposed gtto gtfocusing gton gtthe gtneeds gtof gttheir
gtshareholders. gtWhat gtterm gtis gtused gtfor gtthis gtapproach?


A) stakeholder gtstrategy
B) internal gtshareholder gtstrategy
C) value gtcreation gtstrategy
D) shareholder gtrelationship gtstrategy



14) All gtof gtthe gtfollowing gtare gtexternal gtstakeholders gtexcept gtwhich gtof gtthe gtfollowing?
A) customers
B) creditors
C) alliance gtpartners
D) competitors



15) John gtis gta gtbit gtconfused gtabout gtthe gtdifference gtbetween gtstakeholders gtand gtstockholders. gtYou
gt meet gtwith gtJohn gtand gtinform gthim gtthat gtthe gtmain gtdifference gtis gtthat
A) stakeholders gtare gtboth gtinternal gtand gtexternal gtto gtthe gtfirm gtwhile gtstockholders
gtare gtconsidered gtexternal gtto gtthe gtfirm.


B) stakeholders gtare gtconsidered gtinternal gtto gtthe gtfirm gtwhile gtstockholders gtare gtexternal
gtto gtthe gtfirm.


C) stakeholders gtcan gtbe gtboth gtinternal gtand gtexternal gtwhile gtstockholders gtown gtshares
gtof gta gtfirm gtand gtare gtclassified gtas gtinternal gtto gtthe gtfirm.


D) stakeholders gtare gtexternal gtto gtthe gtfirm gtwhile gtstockholders gtare gtconsidered gtinternal gtto
gtthe gtfirm.




16) Which gtof gtthe gtfollowing gtthree gtimportant gtstakeholder gtattributes gtshould gtmanagers gtpay
special gtclose gtattention gtto gtin gtorder gtto gtbetter gtunderstand gtstakeholder gtimpact gtanalysis?
gt


A) competitive gtadvantage, gteconomic gtvalue, gtand gttime
B) power, gtlegitimacy, gtand gturgency
C) grace gtunder gtpressure, gtfinancial gtcontrol, gtand gtreward gtpower
D) shareholder gtrights gtplan, gtboard gtrepresentation gtand gtCEO gtinfluence

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