Question: 1 . The Thompson et . al . Strategy text suggests that strategy is: a . A one - time decision with great importance b

1. The Thompson et. al. Strategy text suggests that strategy is:
a. A one-time decision with great importance
b. A pattern of actions and decisions over time
c. The plan that describes a response to competitors
d. A source of differentiation
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2. Porter might suggest that a restaurant that tries to be all things to all people and has trouble making choices might be guilty of:
a. Building a 3-D puzzle
b. Having a third order fit
c. Not recognizing tradeoffs
d. Being too needs-based
e. Dancing on Pandora
3. A health system that decides to create small standalone Emergency Departments in various parts of the suburbs might be rely on:
a. Needs-based positioning
b. Access-based positioning
c. Variety-based positioning
d. A "fit" organization
e. The HealthDonald's strategy
4. Thompson et. al. argue that good strategy:
a. Reacts to competitor actions and market change
b. Anticipates and proactively addresses market change
c. Combines proactive and reactive elements
d. Does not exist in disruptive markets, because things change too much
e. Is like a chess match between otters

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