Final Flashcards
(26 cards)
Firms use both _ and _ models that complete each other as one focuses outside and one focuses inside
Industrial org/ resource based model
A key purpose of the vision and mission statement is to inform _ what a firm is, seeks to accomplish, who it serves
Stakeholders
On the whole, there are more competitive response to
Tactical actions, rather than strategic
Firm successfully implementing a differentiation strategy would expect
to charge a premium strategy
Three conditions that cause difficult managerial decisions concerning resources, capabilities, and core competencies
Uncertainty, complexity, inter conflicts
Resource based model, the criteria for a resource and cap become a competitive advantage as
Valuable, rare, costly to imitate
A team that has overcome ___ can appreciate and tap into other skills, experience, and ask for help
Absence of Trust
Which dysfunction does not engage open, constructive ideological conflict- artificial harmony
Fear of Conflict
Which dysfunction breeds LACK OF CONFIDENCE, REVISITS IDEAS, ENCOURAGING SECOND GUESSING
Lack of commitment
A team that minimizing individualistic behavior and avoids distractions has overcome which dysfunction
Inattention to results
A team that misses deadlines, key deliverables, encourages mediocrity, creates resentment
Avoidance of accountability
Which of the following is not an incentive for firms to become multinational
to avoid high domestic taxation
The effective development of a firms ___ may be its only competitive advantage
Human Capital
Effective strategic leaders emerge on the basis of their
Capabilities and accumulation of human capital over time
Which of the following is a concern associated with outsourcing
Loss of Jobs
Which is not a factor that facilitates the sharing and reinforcement of a new culture
Minimizing the involvement of middle managers
Determining the strategic direction of the firm involves
Specifying the vision and strategy to achieve it
All of the following complicate the implementation of an inter diversification strategy except
Wide spread multilingualism
Which of the type of control is subjective and focuses on the dot between external conditions and firms internal resources
strategic controls
To successfully implement a firms strategy, the workforce must be view as a
Resource to be maximized
Firms use corp level diversification strategy for all the following reasons except:
Value-Diversifying
A firm who earns less than 70% of revenues for its dom business and has direct connections between business uses:
Related constrained diversification
The problems associated with exporting include:
High transport cost and expensive tariffs
Compared with diversification based on intangible resources, diversification based on financial resources is:
More likely to be imitated and less valuable
