Question 22 An evolving strategy for a ride-share business like Uber or Lyft is not likely to be triggered by their need to keep strategy in step with changing circumstances, market conditions, and changing customer needs and expectations. Select one: True False

Question 23 The difference between the concept of a company mission statement and the concept of a strategic vision is that a mission concerns what to do to achieve short-term objectives, while a strategic vision concerns what to do to achieve long-term performance targets. Select one: True False

Question 24 The task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy, but also to figure out the causes and decide when adjustments are needed and what adjustments are needed for improved performance and operating excellence. Select one: True False

Question 25 When an industry member is a major customer of the supplier, and the relationship (partnership) is unusually effective and mutually advantageous, there is a strong likelihood such partnerships will put increased competitive pressure on those industry members who lack productive collaborative relationships with their suppliers. Select one: True False

Question 26 Driving-forces analysis has no real analytical value because the driving forces are already established in the marketplace and it is too late to make astute and timely strategy adjustments. Select one: True False

Question 27 Conducting a competitive strength assessment does not involve an analysis of whether a company should correct its weaknesses by adopting best practices and/or revamping the makeup of its value chain. Select one: True False