Question · uestion 1 0 out of 3 points

· uestion 1

0 out of 3 points

	Imagine Dow Chemical is conducting a situational analysis. According to its sales, Dow is the second largest chemical company in the world. BASF is the largest. Both companies use a similar strategy. Within Dow’s situational analysis, BASF would be classified as a ____. Answer

· Question 2

0 out of 3 points

	An organization which is a ____ in terms of its adaptive strategy would NOT follow a consistent strategy. Answer

· Question 3

3 out of 3 points

	Companies often choose a ____ strategy when their external environment doesn’t change much or after they have struggled with periods of explosive growth. Answer

· Question 4

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	The ____ strategy is analogous to pruning flowers. Answer

· Question 5

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	When Clorox Corporation, a manufacturer of bleach and bleach-based cleaning products, acquired Kingsford Charcoal and Prime Choice brand steak sauce; it was an example of ____. Answer

· Question 6

3 out of 3 points

	Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other. Answer

· Question 7

3 out of 3 points

	Deutsche Bank became the world’s largest bank through mergers with Bankers Trust, a transatlantic banking operation. Since both banking companies had similar core capabilities, this would be classified as an example of ____. Answer

· Question 8

0 out of 3 points

	McDonald’s uses a ____ strategy (a kind of grand strategy) as it increases its profits in France by offering uniquely French products such as Croque McDo, the McDonald’s version of a popular French grilled sandwich. Answer

· Question 9

3 out of 3 points

	____ is the measure of the intensity of competitive behavior between companies in an industry. Answer

· Question 10

3 out of 3 points

	Cost leadership, differentiation, and focus are the three types of ____ strategies discussed in the text. Answer

· Question 11

0 out of 3 points

	_______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem. Answer

· Question 12

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	In a situational analysis, a strategic group is a group of ____ that top managers choose for comparing, evaluating, and benchmarking their company’s strategic threats and opportunities. Answer

· Question 13

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	A(n) ____ resource is a resource that is not controlled or possessed by many competing firms. Answer

· Question 14

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	An organization is experiencing ____ when it is reluctant to change strategies or competitive practices that have been successful in the past. Answer

· Question 15

3 out of 3 points

	The purpose of a ____ strategy is to turn around very poor company performance by shrinking the size or scope of the business. Answer

· Question 16

0 out of 3 points

	The ____ approach to innovation assumes that innovation is occurring within a highly uncertain environment and that the key to fast product innovation is to use intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding. Answer

· Question 17

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	Nearly all technology cycles follow the typical ____ pattern of innovation. Answer

· Question 18

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	Unverferth Manufacturing makes agricultural equipment. It used finite element analysis (FEA) software to speed up the design cycle for its 12-row sub-soiler. Which aspect of the compression approach to innovation would the use of this software apply? Answer

· Question 19

0 out of 3 points

	The development of the DVD player was a source of ____ to companies in the movie industry just as VHS tapes had once been. Answer

· Question 20

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	What is the first step for managing innovation during discontinuous change? Answer

· Question 21

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	____ is the phase of a technology cycle characterized by technological substitution and design competition. Answer

· Question 22

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	Which of the following is one of the three steps in the basic process of managing organizational change outlined by Kurt Lewin? Answer

· Question 23

0 out of 3 points

	____ is the knowledge, tools, and techniques used to transform inputs into outputs. Answer

· Question 24

3 out of 3 points

	Organizational development ____. Answer

· Question 25

0 out of 3 points

	The three steps in the basic process of managing organizational change outlined by Kurt Lewin are ____. Answer

· Question 26

0 out of 3 points

	Organizational ____ is the successful implementation of creative ideas in organizations. Answer

· Question 27

0 out of 3 points

	It is appropriate to use a(n) ____ approach to manage innovation in more certain environments during periods of incremental change, in which the goals are lower costs and incremental improvements in the performance and function of the existing technological design. Answer

· Question 28

0 out of 3 points

	____ refers to the production of novel and useful ideas. Answer

· Question 29

0 out of 3 points

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