18/05/2018 Quiz: Hitt/Ireland/Hoskisson, Strategic Management: Concepts: Competitiveness and Globalization, 9e, Chapter 1

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Assignment Name: Hitt/Ireland/Hoskisson, Strategic Management: Concepts: Competitiveness and Globalization, 9e, Chapter
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Research shows that approximately ________ percent of a firm's profitability is explained by the industry in which it
competes, whereas ________ percent is explained by the firm's characteristics and actions.
a. 36; 20

b. 20; 36
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c. 60; 40

d. 90; 10

status: not answered ()

correct: b
your answer:

The resource-based model of the firm argues that:

a. the key to competitive success is the structure of the industry in which the firm competes.

b. all resources have the potential to be the basis of sustainable competitive advantage.
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c. resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm's core
competencies.

d. resources alone can be a source of sustainable competitive advantage.

status: not answered ()

correct: c
your answer:

3 The global economy, globalization, rapid technological change, and the increasing importance of knowledge are
creating the need to:
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18/05/2018 Quiz: Hitt/Ireland/Hoskisson, Strategic Management: Concepts: Competitiveness and Globalization, 9e, Chapter 1

Summary of Results

a. delegate strategic responsibilities to employees "closer to the action."

b. expand the strategic responsibilities to all organizational stakeholders.

c. split responsibilities between the CEO and the board of directors as a result of corporate scandals triggered
by unethical CEOs.

d. re-centralize the responsibility for strategy to the CEO.

status: not answered ()

correct: a
your answer:

The organization's role as a taxpayer is most important to ________ as stakeholders.

a. host communities

b. unions
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c. shareholders

d. major suppliers of capital

status: not answered ()

correct: a
your answer:

Knowledge is composed of all the following EXCEPT:

a. intelligence.

b. expertise.
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c. insight.

d. information.

status: not answered ()

correct: c
your answer:

The economic interdependence among countries as reflected in the free movement of goods, services, financial
capital and knowledge across geographic borders is defined as:
a. strategic intensity.

b. boundaryless retailing.
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c. hypercompetition.

d. globalization.

status: not answered ()

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18/05/2018 Quiz: Hitt/Ireland/Hoskisson, Strategic Management: Concepts: Competitiveness and Globalization, 9e, Chapter 1

Summary of Results
correct: d
your answer:

The strategic leader's work is characterized by:

a. ambiguous decision situations which make effective decisions difficult to determine.

b. an ability to identify the correct solutions to long-range problems.

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c. concentration on the practical day-to-day aspects of the organization's operations.

d. a willingness to unify stakeholders through skillful manipulation.

status: not answered ()

correct: a
your answer:

Analysis of the industry's profit pool enables strategic managers to:

a. predict future revenue streams for the organization.

b. locate the most promising areas of an industry's value chain.

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c. predict growth in sales over the medium to long range.

d. determine whether an industry will be viable in the long term.

status: not answered ()

correct: b
your answer:

Capital market stakeholders include:

a. government regulators.

b. shareholders.
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c. employees.

d. industry competitors.

status: not answered ()

correct: b
your answer:

10 The "liability of foreignness" is the:

a. inability of most U.S. managers to truly comprehend foreign cultures.

b. overall risk a domestic firm encounters when entering global competition.

c. strong cultural preference for "buying local," which puts foreign firms at a disadvantage when competing in
the U.S. market.

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18/05/2018 Quiz: Hitt/Ireland/Hoskisson, Strategic Management: Concepts: Competitiveness and Globalization, 9e, Chapter 1

Summary of Results

d. political disadvantage that U.S. firms have when doing business abroad.

status: not answered ()

correct: b
your answer:

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