Podcast
Questions and Answers
What is the purpose of strategic planning?
What is the purpose of strategic planning?
- To identify the implications of market changes
- To develop core competencies
- To organize value creation
- To determine how the firm can best achieve its goals (correct)
What is a core competency?
What is a core competency?
- The ultimate goal of an MNE firm
- A bundle of resources and capabilities (correct)
- The set of linked activities the company performs to design, make, market, distribute, and support a product
- The measure of a firm's capability of selling what it makes for more than the costs incurred in making it
What is the value chain?
What is the value chain?
- The stocks of available factors that managers bundle together into capabilities
- The set of linked activities the company performs to design, make, market, distribute, and support a product (correct)
- The measure of a firm's capability of selling what it makes for more than the costs incurred in making it
- The idealization of what an MNE firm wants to be
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