Defining The Organizations Strategic Direction

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Questions Bank

Introduction
Sources of Innovation
Types and Patterns of Innovation
Standards Battles and Design Dominance
Timing of Entry Part Two Formulating Technological Innovation Strategy
Defining the Organizations Strategic Direction
Choosing Innovation Projects
Collaboration Strategies
Protecting Innovation
Organizing for Innovation
Managing the New Product Development Process
Managing New Product Development Teams
Crafting a Deployment Strategy Index

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Question 1

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In formulating a technological innovation strategy,the first step first involves an accurate appraisal of where the firm currently is followed by the articulation of its strategic direction.

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Question 2

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When using the five-force model to assess industry attractiveness,the analysis is focused at the firm level,treating all competitors as unique,and its objective is to ascertain whether the firm can survive within the industry.

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Question 3

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In Canada,the wireless market is dominated by three main players-Rogers Wireless,Bell Mobility,and Telus.This is an example of an oligopolistic industry.

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Question 4

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Since the commercial aircraft industry is oligopolistic,one would expect the rivalry to be modest to low.

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Question 5

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A firm's intellectual property can act as an entry barrier for other firms.

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Question 6

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Firms may utilize the capabilities of other firms in order to overcome certain entry barriers.

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Question 7

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The Saturday Evening Post bought the paper mills that supplied the paper for printing the magazine.This is an example of horizontal integration.

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Question 8

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A music downloading software and an MP3 player are substitutes for one another.

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Question 9

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Ammunition can be considered a complement for the companies who make firearms.

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Question 10

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If a firm's product is undifferentiated,buyers will typically experience lesser bargaining power.

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Question 11

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A stakeholder analysis emphasizes the stakeholder management issues the firm ought to attend to due to their ethical or moral implications.

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Question 12

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According to Porter's value chain model,firm infrastructure is a primary activity.

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Question 13

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Kingsize Burgers says it will develop a core competence in good tasting French fries.This is a core competency that is unlikely to give the company a sustainable competitive advantage.

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Question 14

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The Friedman Clinic in Switzerland is said to have the best cosmetic surgeon in the world for rhinoplasty,so many people travel from all over the world for this service.This is a core competency of the clinic that can easily be copied.

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Question 15

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The Zippo Company has identified 30 capabilities so it now knows its core competencies.

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Question 16

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Organizational aptitude refers to those abilities that make a firm more agile and responsive to change.

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Question 17

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The Adamus Corporation was the maker of the best metal pole for pole vaulters.It hired metallurgists and encouraged the study of metals within the company.When fiberglass poles hit the market and Adamus sales plummeted,it realized it suffered due to core rigidities.

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Question 18

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The balanced scorecard emphasizes measuring performance from primarily a financial perspective.

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Question 19

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The percentage of repeat purchases can be used to measure organizational performance from the internal perspective.

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Question 20

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The goal of reducing employee accidents by 5% would reflect the innovation and learning perspective of the balanced scorecard.

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