Test Bank for Strategic Management Competitiveness and Globalization, Concepts and Cases, 8th Editio

Chapter 1—Strategic Management and Strategic Competitiveness TRUE/FALSE 1. The effect of globalization on Boeing is only negative and is due solely to direct competition with European-based competitor Airbus. ANS: F PTS: 1 DIF: Medium REF: 3-4 OBJ: 01-01 TYPE: application NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment 2. One way to evaluate if Airbus had achieved above average returns would be to compare stock market returns against those of Boeing. ANS: T PTS: 1 DIF: Medium REF: 3-4 OBJ: 01-01 TYPE: application NOT: AACSB: Multicultural & Diversity | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment 3. Strategic competitiveness is achieved when a firm successfully formulates and implements a valuecreating strategy. ANS: T PTS: 1 DIF: Easy REF: 4 OBJ: 01-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Rubin: Managing strategy & innovation 4. Alligator Enterprises has earned above-average returns since its founding five years ago. Since no other firm has challenged Alligator in its particular market niche, the firm’s owners can feel secure that Alligator has established a competitive advantage. ANS: F PTS: 1 DIF: Hard REF: 5 OBJ: 01-01 TYPE: application NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Rubin: Managing the task environment 5. The goal of strategic management is to develop a competitive advantage that is permanently sustainable. ANS: F PTS: 1 DIF: Medium REF: 5 OBJ: 01-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Rubin: Managing strategy & innovation