Practice exams Strategic Management - RUG
Practice exams to be used with the course Strategic Management at the Rijksuniversiteit Groningen.
Practice exams to be used with the course Strategic Management at the Rijksuniversiteit Groningen.
In deze bundel worden o.a. samenvattingen, oefententamens en collegeaantekeningen gedeeld voor het vak Financial Management voor de opleiding Bedrijfskunde Jaar 2 aan de Rijksuniversiteit Groningen
In deze bundel worden o.a. samenvattingen, oefententamens en collegeaantekeningen gedeeld voor het vak Kwalitatieve Onderzoeksmethode voor de opleiding Bedrijfskunde, jaar 2, aan de Rijksuniversiteit Groningen.
Voor een compleet overzicht van de door JoHo aangeboden samenvattingen & studiehulp en de beschikbare geprinte samenvattingen voor dit vak ga je naar de Samenvattingen Shop Bedrijfskunde - B2 - RUG op JoHo.org
In deze bundel worden o.a. samenvattingen, oefententamens en collegeaantekeningen gedeeld voor het vak Management en Organisatie Theorie, voor de opleiding bedrijfskunde, jaar 2, aan de Rijksuniversiteit Groningen
Voor een compleet overzicht van de door JoHo aangeboden samenvattingen & studiehulp en de beschikbare geprinte samenvattingen voor dit vak ga je naar de Business & Economics worldwide: learn, study or share - Starting page
In this bundle summaries, practice exams, lecture notes and more, are shared for the course Internal Control - part of the Bachelor Bedrijfskunde and International Business at the Rijksuniversiteit Groningen (RUG).
For a complete overview of the study materials provided by JoHo, and the availability of printed study materials, you can take a look at the JoHo WorldSupporter summary startpage for year 2.
In deze bundel worden o.a. samenvattingen, oefententamens en collegeaantekeningen gedeeld voor het vak Technologiemanagement voor de opleiding Bedrijfskunde, jaar 2 aan de Rijksuniversiteit Groningen
Voor een compleet overzicht van de door JoHo aangeboden samenvattingen & studiehulp en de beschikbare geprinte samenvattingen voor dit vak ga je naar de Samenvattingen Shop Bedrijfskunde RUG jaar 2 op JoHo.org
In deze bundel worden o.a. samenvattingen, oefententamens en collegeaantekeningen gedeeld voor het vak Operations Management voor de opleiding Bedrijfskunde, jaar 2 aan de Rijksuniversiteit Groningen.
According to Mintzberg (2.4 Decision-making: It's not what you think), which decision-making approach is associated with organizational behavior, Karl Weick, and the following process: enactment => selection => retention ?
Which approach claims that powerful people with the firm prevent learning in order to maintain their own power base?
In the context of efficient production and plant size, indivisibility means that:
In Prospect theory, the relationship between outcomes and the value of those outcomes is drawn as:
In the Turnbell report, which type of risk is associated with the following issues: loss of key people, succession problems and reputation damage?
Which of Porter’s generic strategies is associated with a narrow market scope and commodity products?
Which of the following is not true about strategic groups?
According to Mintzberg (Decision-making: It's not what you think), which decision-making approach is most appropriate when many elements have to be combined into creative solutions, commitment on those solutions is key, and communication across boundaries is essential?
Which of the following is the most effective way to transfer tacit knowledge to new workers?
Which organizational structure enables business managers to maximize economies of specialization, by allowing them to focus on their products and markets, while freeing corporate managers from the distractions of day-to-day operations?.....read more
Which characteristics describe monopolistic or imperfect competition?
Some to vary few firms, high differentiation of products
Some to vary few firms, low differentiation of products
Many firms, no differentiation of products
Many firms, some differentiation of products
According to the lectures, which of the following best describes the relationship between Porter’s Five Forces analysis and the PEST analysis?
A PEST analysis focuses on process issues while a Five Forces analysis focuses on content issues.
A Five Forces analysis describes the industry (i.e., the micro-economic environment) that the firm is in, while a PEST describes the broader (macro-economic) environment that the industry is in
A Five Forces analysis describes the external environment, while PEST analysis describes the internal environment of the firm
The findings from a Five Forces analysis provide the input (the data) for a PEST analysis
According to the lecture on organizational learning, which term refers to key individuals or interest groups using their power to prevent change and maintain the status quo?
Co-evolutionism
Institutionalism
Neo-institutionalism
Isomorphism
What strategic options in decision-making are available to organizations that have a low knowledge of new markets, but have high capabilities?
No options
Trade options
Bounded options
Full set of options
Imagine an SBU within a corporate portfolio that has the second largest market share in a mature market. According to the lecture on the BCG-matrix, this SBU would be a:
Dog
Questionmark
Cash cow
Star
Henderson and Clark (1990) review two kinds of dynamic processes in modular systems: modular innovation and architectural innovation. Which statement(s) is (are) true?
I Modular innovation retains the architecture of the network, including its joints, but modifies the modules. The changes occur in innovations and improvements of the modular components.
II In architectural innovation, the modules are largely unchanged, but the architecture that connects them (the jointing system) is changed. The speed of innovation can be fast, as a key part of the system, the modular structure, is retained. New joints between these modules are installed.
Only statement I is true
Only statement II is true
Both statements are true
Both statements are false
Which statement(s) is (are) true with regard to decision-making?
I Planning facilitates decision makers in analyzing and codifying what appear initially as complex problems. Planning processes help decision makers identify key performance indicators by which progress of the decision can be monitored and judged.
Michael Porter argued that when analyzing opportunities and threats, managers should pay particular attention to five forces that are the major threats that an organization will encounter. Which of the following forces would be affected by your customers' loyalty to your products?
The level of rivalry among organizations in an industry
The potential for entry into an industry
The power of suppliers
Substitute products
Which of the following best describes the concept of the learning curve?
Time-to-market decreases as a function of the number of innovations developed.
Technical performance increases in an S-shaped curve as a function of effort.
The ability to learn is normally distributed across firms (i.e., a bell-shaped curve).
Cost per unit drops as a function of the cumulative output (total number of units produced).
The competition among firms in the same strategic group will be ________ between firms belonging to different strategic groups even if they sell similar products or services.
similar in intensity to that
more intense than that
less intense than that
variable in intensity than that
An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of
forward integration.
backward integration.
threat of substitute products.
threat of entry.
Which of Porter’s generic strategies is associated with a narrow market scope and commodity products?
Cost focus
Differentiation focus
Cost differentiation
Differentiation
Which of the following is true regarding a differentiation strategy?
A firm selects a unique position on one or more attributes (dimensions) that are important to buyers in general.
A corporation is split into a number of different strategic business units (SBUs).
A single firm develops a broad portfolio of products targeting a number of different markets.
A firm identifies the needs of a specific group of buyers and tailors its strategy to serve that group to the exclusion of other groups.
The term 'stuck in the middle':
means that the firm's cost structure is not low enough to allow it to attractively price its products and that its products are not sufficiently differentiated to create value for its target customer.
indicates that the customers of the firm are willing to pay only a mid-range price for the product.
means adhering to a middle of the road strategy in
Which one of Porter’s 5 forces would be most directly affected if an existing firm in that niche threatens to engage
in vertical integration?
Regarding the statement “patents protect innovation better than any other mechanism":
In the material from Lecture 1, Rumelt gives four criteria for evaluating a strategy. Which criterion has to do with
making sure that the strategy does not overwhelm the available resources?
The key insight from the “prisoners’ dilemma” game is:
According to the lecture, in Barney’s approach to the resource-based view, entry barriers can only provide a
sustainable competitive advantage under which condition(s)?
A well-known brand can provide a sustainable competitive advantage because:
Which of the following factors is NOT conducive to vertical integration [p.303] between two adjacent stages of
production?
If an industry earns a return on capital in excess of its cost of capital:
The main factor causing the transition from corporate planning to strategic management was the work of Michael Porter and fellow academics at Harvard Business School.
An intended strategy is a set of initial ethical intentions; an emergent strategy comprises actions or changes that emerge from the organization or its environment; and finally, the realized strategy is the set of strategic changes and actions that actually takes place.
If a firm adjusts its strategy to ensure it is consistent with its external environment, it benefits from a:
To survive and prosper over the long run requires a firm to:
The primary justification for the assumption that the primary goal of strategy is to maximize profits over the long term is:
Maximizing enterprise value and maximizing shareholder value are linked because:
In formulating strategies under uncertainty, real option analysis is a valuable strategic tool because:
The level of profit in an industry is determined almost entirely by the value of products to customers.
Niche markets are often highly profitable for incumbents because they can often be dominated by a single firm.
Economies of scale, absolute cost advantages, high.....read more
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