1) It is important to emphasize that almost all strategic management process decisions have ______ because they are related to how a firm interacts with its stakeholders.

Group of answer choices

A. ethical dimensions

B. local dimensions

C. political dimensions

D. global dimensions

2) All of the following are assumptions of the industrial organization (I/O) model EXCEPT:

Group of answer choices

A. organizational decision makers are rational and committed to acting in the firm's best interests.

B. resources to implement strategies are firm-specific and attached to firms over the long-term.

C. the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.

D. every firm in an industry controls similar strategically relevant resources.

3) The resource-based view of the firm:

Group of answer choices

A. emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone.

B. argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitive environment.

C. calls for firms to focus on their homogeneous capabilities to compete against their rivals.

D. suggests that vision and mission are marketing messages not tied to strategic plans.

4) The strategic management process is;

Group of answer choices

A. a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm.

B. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.

a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization's resources.

the formulation and implementation of a full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.