Question 5

Network externalities exist when the value of a product to an individual depends on the number of other users. [See p.257]

True

False

Question 6

In mature industries where companies compete primarily on prices and cost efficiency, the most appropriate type of performance controls are: [See p.287]

Flexible, allowing considerable managerial discretion.

Quantitative and short term.

Those closely linked to pay.

Qualitative milestones.

Question 7

One of the greatest challenges of strategy implementation in mature industries is: [See p.282]

Reconciling differentiation and innovation with a relentless drive for cost efficiency

Encouraging strategic innovation by widening the strategic planning process to include younger organizational members

Continually adjusting the strategy to adapt to environmental changes

Both b and c

Question 8

Which of the following tends not a major source of strategic innovation in mature industries? [See pp.278-279]

Providing customer solutions

Deploying state-of-the-art technology to upgrade products

Identifying and serving new customer groups

Augmenting, bundling, and theming product offerings

Question 9

Enterprise Rent-A-Car and wealth management advisers, Edward Jones are examples of companies that have established a competitive advantage through defying the conventional wisdom concerning key success factors in their industries. [See p.279]

True

False

Question 10

Leadership models which have been shown to be effective for companies in mature industries include: the administrator, the autocrat, and the strategic leader. [See p.281]

True

False

Question 5

Network externalities exist when the value of a product to an individual depends on the number of other users. [See p.257]

True

False

Question 6

In mature industries where companies compete primarily on prices and cost efficiency, the most appropriate type of performance controls are: [See p.287]

Flexible, allowing considerable managerial discretion.

Quantitative and short term.

Those closely linked to pay.

Qualitative milestones.

Question 7

One of the greatest challenges of strategy implementation in mature industries is: [See p.282]

Reconciling differentiation and innovation with a relentless drive for cost efficiency

Encouraging strategic innovation by widening the strategic planning process to include younger organizational members

Continually adjusting the strategy to adapt to environmental changes

Both b and c

Question 8

Which of the following tends not a major source of strategic innovation in mature industries? [See pp.278-279]

Providing customer solutions

Deploying state-of-the-art technology to upgrade products

Identifying and serving new customer groups

Augmenting, bundling, and theming product offerings

Question 9

Enterprise Rent-A-Car and wealth management advisers, Edward Jones are examples of companies that have established a competitive advantage through defying the conventional wisdom concerning key success factors in their industries. [See p.279]

True

False

Question 10

Leadership models which have been shown to be effective for companies in mature industries include: the administrator, the autocrat, and the strategic leader. [See p.281]

True

False