Management Final Review
True or False: An open innovation model reduces a firm's absorptive capacity.
False
True or False: Innovation and Strategic entrepreneurship can only occur within new businesses.
False
True or False: Managerial decisions about a firm's strategy and organizational structure should not be interrelated.
False
True or False: Product Innovation is more important than process innovation when a firm is in the growth stage of the industry life cycle.
False
True or False: Four Elements of a firm's organizational structure are specialization, centralization, formalization, and generalization.
False - generalization is not correct
True or False: Administrative and political distances are part of the cost-responsiveness framework.
False - its part of the CAGE framework
What of the following statements is true of strategy in an organization?
Org. structure must follow strategy to achieve superior performance
Jack is a board member of firm A but is not an employee of firm A. Jack can best be described as a(n)
Outside Director
Which fast food restaurant has the largest number of retail locations in the world?
Subway
True or False: Even though a firm chooses a business model at its founding, it may change that model later in the life of the firm.
True
True or False: When outsourced activities take place outside the home country, it is known as offshoring.
True
Which of the following best supports the fact that Dieselgate was unethical when entering the U.S. market?
VW engineers installed "defeat devices" that altered the harmful emissions
Which of the following will most likely harm the reputation of a multinational enterprise (MNE)?
a sweatshop owned by an MNE has an explosion that kills hundreds of workers
When large, incumbent firms buy start-up companies, the transaction is generally described as a(n)
acquisition
How has Apple been able to sustain its competitive advantage in the smartphone industry?
by regularly introducing incremental improvements in its products
ABC's earnings and cash flow are high and stable. According to the Boston Consulting Group growth-share matrix, ABC is a
cash cow
Because keeping costs low is critical to IKEA's value innovation, it switched from a(n)
international strategy to a global-standardization strategy
HIJ corp will be marketing similar products from a company they bought. How will this integration affect HIJ?
it will lower costs through economies of scale
Decisions relating to the range of products and services a firm will offer determine the firm's ________
level of diversification
Why did Quaker Oats Company's acquisition of Snapple fail?
managerial hubris
A radical innovation leverages ________ markets, while incremental innovations are based on _________ markets.
new; existing
QRS drug co. prints the chemical composition of its latest drug right on the package. QSR is protected by a ____
patent
Uber has become one of the largest transportation companies without owning a single car. This is an example of?
platform business
Terry is CEO of XYZ Corp. Terry finds ways to maximize his total compensation. XYZ's performance suffers. This is called
principle-agent problems