Podcast
Questions and Answers
According to the I/O model, what enforces demands and restrictions on organizations?
According to the I/O model, what enforces demands and restrictions on organizations?
- Internal environment
- External environment (correct)
- Economic environment
- Technological environment
What is one of the main assumptions of the I/O model regarding strategically pertinent resources?
What is one of the main assumptions of the I/O model regarding strategically pertinent resources?
- They are unique to each organization
- They are immobile across organizations (correct)
- They are easily replicated by competitors
- They have no impact on competitive advantage
Which assumption of the I/O model implies that companies within an industry will tend to use similar strategies?
Which assumption of the I/O model implies that companies within an industry will tend to use similar strategies?
- Assumption 2 (correct)
- Assumption 1
- Assumption 4
- Assumption 3
What does the I/O model assert about major differences in strategically pertinent resources among companies in an industry?
What does the I/O model assert about major differences in strategically pertinent resources among companies in an industry?
What is emphasized as important for protecting and maintaining a competitive advantage?
What is emphasized as important for protecting and maintaining a competitive advantage?
In the I/O model, what is the assumed character of decision-makers in organizations?
In the I/O model, what is the assumed character of decision-makers in organizations?
What are the five components that an organization is composed of according to the text?
What are the five components that an organization is composed of according to the text?
Which group is identified as having a significant influence on the policies of an organization?
Which group is identified as having a significant influence on the policies of an organization?
What is the primary goal of every organization as mentioned in the text?
What is the primary goal of every organization as mentioned in the text?
Which company has penetrated over 65% share of the hamburger market in the Philippines?
Which company has penetrated over 65% share of the hamburger market in the Philippines?
What keeps a company alive and sound according to the text?
What keeps a company alive and sound according to the text?
What aspect attracts kids to Jollibee according to the text?
What aspect attracts kids to Jollibee according to the text?
What is a strategic group in strategic management?
What is a strategic group in strategic management?
Who coined the term 'strategic group' in 1972?
Who coined the term 'strategic group' in 1972?
What is the purpose of strategic group mapping?
What is the purpose of strategic group mapping?
Which of the following is NOT a major step in constructing a strategic group map?
Which of the following is NOT a major step in constructing a strategic group map?
What does the task environment consist of in an organization?
What does the task environment consist of in an organization?
Why is constructing a strategic group map considered a challenging task?
Why is constructing a strategic group map considered a challenging task?
Why is forecasting considered a complex activity?
Why is forecasting considered a complex activity?
Which factor influences the validity of a company's strategy based on forecasting accuracy?
Which factor influences the validity of a company's strategy based on forecasting accuracy?
What method is described as a precise and easy way of quantitative forecasting?
What method is described as a precise and easy way of quantitative forecasting?
When should management look for additional sources of information for forecasting?
When should management look for additional sources of information for forecasting?
What factor may require a company to adjust its historical data for forecasting purposes?
What factor may require a company to adjust its historical data for forecasting purposes?
Which method is utilized in strategic planning involving scenario preparation and examination?
Which method is utilized in strategic planning involving scenario preparation and examination?
What is the purpose of matching external opportunities/threats with internal strengths/weaknesses in formulating a successful strategy?
What is the purpose of matching external opportunities/threats with internal strengths/weaknesses in formulating a successful strategy?
Why do executives need to track trends and events in the general environment according to the text?
Why do executives need to track trends and events in the general environment according to the text?
What does PESTLE analysis stand for in its expanded form?
What does PESTLE analysis stand for in its expanded form?
How is the PESTLE analysis commonly referred to?
How is the PESTLE analysis commonly referred to?
What do managers and strategy builders use PESTLE analysis for?
What do managers and strategy builders use PESTLE analysis for?
What role does the general environment play in an organization's level of success according to the text?
What role does the general environment play in an organization's level of success according to the text?
