Strategic Management Perspectives Quiz
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Questions and Answers

What are the overall aims of a commercial organization?

  • To make profits, increase turnover, increase market share, be highly regarded (correct)
  • To meet the needs of service group within resource constraints
  • To maximize the shareholders’ wealth
  • To develop strategies for accumulating invisible assets

    • According to Itami & Roehl (1987), what are the important features of invisible assets?

  • Easily attainable with money, quick to develop, capable of single use, yield single benefit
  • Unattainable with money alone, time-consuming to develop, capable of multiple simultaneous use, yield multiple simultaneous benefits (correct)
  • Unattainable with money alone, quick to develop, capable of multiple simultaneous use, yield single benefit
  • Attainable with money alone, time-consuming to develop, capable of single use, yield multiple simultaneous benefits

    • What is the focus of the resource-based view and the knowledge-based view of the firm in strategic management?

  • Minimizing resource utilization for cost reduction
  • Outsourcing all resources and knowledge
  • Leveraging internal resources and knowledge for competitive advantage (correct)
  • Maximizing profits through external acquisitions

    • What distinguishes the industrial organization tradition from the institutionalist perspective in strategic thinking?

    <p>Focus on external industry structure vs. focus on internal organizational factors</p> Signup and view all the answers

    What is the aim of not-for-profit organizations within resource constraints?

    <p>Meet the needs of service group within resource constraints</p> Signup and view all the answers

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