Impact of Globalization on Organizational Future
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Questions and Answers

According to the population ecology theory, what is the key challenge for organizations in adapting to changing conditions?

  • Organizations can easily adapt by imitating successful competitors
  • Organizations are unable to adapt once established in a niche (correct)
  • Organizations adjust defensively and use knowledge offensively
  • Organizations have the power to reshape their environment

    • Which theory suggests that organizations can adapt by imitating other successful organizations?

  • Strategic choice perspective
  • Organizational learning theory
  • Institution theory (correct)
  • Population ecology

    • According to the strategic choice perspective, which of the following is true?

  • Organizations are unable to adapt to changing conditions
  • Organizations can only adapt by imitating successful competitors
  • Organizations can reshape their environment as well as adapt to it (correct)
  • Organizations adjust defensively but cannot use knowledge offensively

    • Which theory suggests that organizations adjust defensively to changing environments and use knowledge offensively to improve their fit?

    <p>Organizational learning theory</p> Signup and view all the answers

    What is required for an organization to achieve strategic flexibility, according to the text?

    <p>Long-term commitment to developing and nurturing critical resources</p> Signup and view all the answers

    Which of the following is NOT a key requirement for an organization to become a learning organization, according to the text?

    <p>Reshaping the environment to suit the organization's needs</p> Signup and view all the answers

    According to the theories discussed, which of the following statements is true?

    <p>Organizations can reshape their environment as well as adapt to it</p> Signup and view all the answers

    What is the key difference between the population ecology theory and the institution theory?

    <p>Population ecology theory suggests adaptation is impossible, while institution theory suggests it is possible</p> Signup and view all the answers

    Which of the following theories suggests that organizations can actively shape their environment, rather than just adapt to it?

    <p>Strategic choice perspective</p> Signup and view all the answers

    What is the key characteristic of a learning organization?

    <p>Long-term commitment to developing and nurturing critical resources</p> Signup and view all the answers

    What is the purpose of nominating committees in large U.S. corporations?

    <p>To identify potential board member candidates</p> Signup and view all the answers

    What is the difference between a direct and indirect interlocking directorate?

    <p>A direct one involves sharing a director, an indirect one uses a third firm</p> Signup and view all the answers

    What is a staggered board in the context of board member elections?

    <p>Boards where some members have shorter terms than others</p> Signup and view all the answers

    Based on the text, which of these statements about codetermination is true?

    <p>It is the inclusion of workers on corporate boards</p> Signup and view all the answers

    What is a key factor contributing to intense rivalry among existing firms, as per Porter's analysis?

    <p>Number of competitors</p> Signup and view all the answers

    Which of the following is NOT considered a possible barrier to entry for new entrants into an industry?

    <p>Rate of industry growth</p> Signup and view all the answers

    In the context of industry competition, what role do exit barriers play in influencing rivalry among existing firms?

    <p>Increase it by making it harder for firms to leave the industry</p> Signup and view all the answers

    Which of the following is NOT a factor contributing to the threat of new entrants into an industry?

    <p>Amount of fixed costs</p> Signup and view all the answers

    What is a characteristic of industries where corporations exhibit mutual dependence and competitive moves by one firm can lead to retaliation?

    <p>Presence of high switching costs</p> Signup and view all the answers

    What is the purpose of analyzing the industry situation and predicting competitors' behavior under different scenarios?

    <p>To understand how external forces will impact the company's competitive position</p> Signup and view all the answers

    Why is it important to determine the sources of competitive advantage under different scenarios?

    <p>To leverage strengths and opportunities while mitigating weaknesses and threats</p> Signup and view all the answers

    In the context of competitor analysis, what does selecting scenarios that are most likely to occur or have a strong impact help in?

    <p>Formulating strategies based on potential industry changes</p> Signup and view all the answers

    How does combining assumptions about individual trends into internally consistent scenarios benefit strategic planning?

    <p>It enhances decision-making by providing a holistic view of possible futures</p> Signup and view all the answers

    Why is it necessary to identify uncertainties in each force of the task environment for effective strategic management?

    <p>To evaluate how external factors might impact the organization</p> Signup and view all the answers

    What is the purpose of an External Factor Analysis Summary (EFAS) table?

    <p>To analyze a company's competitive environment and strategic position</p> Signup and view all the answers

    In the context of competitor analysis, what does multiplying each factor's weight by its rating help determine?

    <p>The impact of each factor on the company's strategic position</p> Signup and view all the answers

    How does an External Factor Analysis Summary (EFAS) table help companies understand their competitive landscape?

    <p>By identifying opportunities and threats in the external environment</p> Signup and view all the answers

    Which of the following is NOT a source of competitive intelligence?

    <p>Patent filings</p> Signup and view all the answers

    What is the primary reason for monitoring a competitor's cost base and liquidity, according to the text?

    <p>To gauge their financial stability and pricing power</p> Signup and view all the answers

    Which of the following is NOT mentioned in the text as a factor to consider when monitoring competitors for strategic planning?

    <p>The competitors' supply chain and logistics capabilities</p> Signup and view all the answers

    Based on the information in the text, which of the following would be the LEAST effective way to gather competitive intelligence?

    <p>Engaging in industrial espionage</p> Signup and view all the answers

    Which of the following is a key factor to consider when monitoring competitors for strategic planning?

    <p>Which of your customers the competitors are most interested in</p> Signup and view all the answers

    What is the primary purpose of mapping strategic groups in a particular industry?

    <p>To determine which firms are in direct competition with each other</p> Signup and view all the answers

    In the context of strategic types, which type of firms focus on product innovation and market opportunities?

    <p>Prospectors</p> Signup and view all the answers

    How does hypercompetition threaten market stability in industries?

    <p>By frequently redefining market boundaries as industries merge</p> Signup and view all the answers

    What are key success factors in the context of competitive analysis within an industry?

    <p>Variables that can affect companies' competitive positions within an industry</p> Signup and view all the answers

    Which type of firms lack a consistent strategy-structure-culture relationship according to the text?

    <p>Reactors</p> Signup and view all the answers

    Based on the EFAS table, which of the following is a potential 'bing bang disruption' threat to Skechers USA?

    <p>Rapidly changing consumer preferences</p> Signup and view all the answers

    Which of the following is NOT considered a key aspect of an organization's environment that can influence its long-term decisions according to the text?

    <p>Organizational culture</p> Signup and view all the answers

    Based on Porter's Five Forces analysis, which of these forces is LEAST likely to affect the intensity of rivalry within a mature industry?

    <p>Threat of new entrants</p> Signup and view all the answers

    Which of the following is a key characteristic of industries where firms exhibit mutual dependence, as discussed in the text?

    <p>Competitive moves by one firm are likely to lead to retaliation by others</p> Signup and view all the answers

    Which of the following is NOT a factor that can contribute to the threat of new entrants into an industry?

    <p>Strict government regulations</p> Signup and view all the answers

    Which of the following statements best describes how industry maturity affects the competitive forces in an industry, according to the text?

    <p>In mature industries, the threat of new entrants is lower, but the bargaining power of suppliers and buyers is higher.</p> Signup and view all the answers

    What is a key factor that contributes to intense rivalry among existing firms in an industry?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is a key characteristic of industries where firms can easily enter and exit, as discussed in the text?

    <p>Firms can quickly adjust their capacity and strategic decisions in response to market changes</p> Signup and view all the answers

    According to Porter's Five Forces analysis, which of the following forces is MOST likely to affect the intensity of rivalry in a highly fragmented industry with many small competitors?

    <p>Threat of new entrants</p> Signup and view all the answers

    Which of the following is a key success factor that can be used to develop an industry matrix, as discussed in the text?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is NOT a key characteristic of industries where firms exhibit mutual dependence?

    <p>Firms can easily enter and exit the industry</p> Signup and view all the answers

    In competitor analysis, selecting scenarios that are least likely to occur helps in understanding the competitive landscape better.

    <p>False</p> Signup and view all the answers

    Exit barriers play a minimal role in influencing rivalry among existing firms in an industry.

    <p>False</p> Signup and view all the answers

    Porter's Five Forces analysis suggests that the threat of substitutes is least likely to affect the intensity of rivalry within an industry.

    <p>False</p> Signup and view all the answers

    Mapping strategic groups in an industry primarily helps in identifying the weakest competitors.

    <p>False</p> Signup and view all the answers

    Competitive intelligence sources should not be varied to ensure a holistic understanding of the competitive environment.

    <p>False</p> Signup and view all the answers

    Industry maturity has a minimal impact on the competitive forces within an industry.

    <p>False</p> Signup and view all the answers

    In highly fragmented industries with many small competitors, rivalry is less likely to be intense according to Porter's Five Forces analysis.

    <p>False</p> Signup and view all the answers

    Hypercompetition can contribute to market stability within industries.

    <p>False</p> Signup and view all the answers

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