Analyzing The External Environment Ofthe Firm: Creating Competitive Advantages

This question bank verified by Studydeets

Questions Bank

Strategic Management: Creating Competitiveadvantages
Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages
Assessing the Internal Environmentof the Firm
Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources
Business-Level Strategy: Creating Andsustaining Competitive Advantages
Corporate-Level Strategy: Creatingvalue Through Diversification
International Strategy: Creating Valuein Global Markets
Entrepreneurial Strategy and Competitive Dynamics
Strategic Control and Corporategovernance
Creating Effective Organizational Designs
Strategic Leadership: Creating a Learning Organization and an Ethical Organization
Managing Innovation and Fosteringcorporate Entrepreneurship

All Questions

Question 1

Free

True/False

Environmental scanning and competitor intelligence provide important inputs for forecasting activities.

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

A hard trend is something that might happen and for which the probability that it might happen can be estimated.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

A soft trend is a projection based on measureable facts,events,or objects.It is something that will happen.

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

The aging of the population is a hard trend.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

A number of choices government officials make are based on projections about future interest rates.The projections are soft trends.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

Competitive intelligence generally does not benefit very much from gathering information on competitors from sources in the public domain.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

Even with all of the advances in recent years,forecasting is typically considered more of an art than a science and it is of little use in generating accurate predictions.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

Scenario planning is usually concerned with short-term forecasts.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

The strengths and weaknesses of a SWOT analysis refer to the external conditions of the firm.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

The opportunities and threats of a SWOT analysis refer to the internal conditions of the firm.

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

To understand the business environment of a particular firm,you need to analyze both the general environment and the firm industry and competitive environment.

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

The impact of a demographic trend varies across industries.

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

A major sociocultural trend in the United States is the increased educational attainment by women.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

Technological innovations can create entirely new industries and alter the boundaries of industries.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

There is generally a weak relationship between equity markets (e.g.,New York Stock Exchange)and economic indicators.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

The Internet is a leading component in the rising emergence of digital technology.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

Crowdsourcing is used by companies to develop products.

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

The Porter Five-Forces model is designed to help us understand how social attitudes and cultural values impact U.S.businesses.
E. Porter has been the most commonly used analytical tool for examining the competitive environment. It describes the competitive environment in terms of five basic competitive forces.

Choose correct answer/s

True

False

To unlock the question