Question 1

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Which of the following are characteristics of an effectively-worded strategic vision statement?

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Question 2

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Which are key steps in the strategy process shown in Figure 2.1?

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Question 3

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Business strategy, as distinct from corporate strategy, concerns

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Question 4

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A company’s mission statement typically addresses which of the following questions?

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Question 5

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Developing a strategic vision for a company entails

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Question 6

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What are the main roles of a board of directors in strategy-making and execution?

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Question 7

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In most corporations, strategy-making is

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Question 8

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Which one of the following statements about the characteristics of well-stated objectives is false?

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Question 9

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Potential entrants are more likely to be deterred from actually entering an industry when

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Question 10

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Which of the following are most unlikely to qualify as driving forces?

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Question 11

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Which of the following are most unlikely to qualify as driving forces?

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Question 12

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Which factor is not key in judging the industry’s profit potential?

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Question 13

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Factors that weaken the rivalry among competing sellers include

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Question 14

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What defines a highly competitive and high-risk market environment?

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Question 15

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Competitive pressures stemming from the threat of entry are stronger when

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Question 16

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Which of the following is not a factor that causes buyer bargaining power to be stronger?

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Question 17

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The best test of whether potential entry is a strong or weak competitive force is whether

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Question 18

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A company’s macro-environment concerns

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Question 19

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The five-forces model of competition (as shown in Figure 3.3) does not include

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Question 20

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Which of the following generally do not qualify as a barrier to entry?

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