Mock exam questions Flashcards
In the context of sustaining vs. disruptive technologies, which of the following is true about disruptive technologies?
Disruptive technologies initially offer worse performance in terms of what mainstream customers value but bring a different value proposition, such as being simpler, cheaper, and more accessible.
According to Resource Dependence Theory (RDT), why might companies struggle to invest in disruptive technologies?
Because companies rely on customers and investors for resources.
What does the principle “Markets That Don’t Exist Cannot Be Analyzed” suggest?
Companies should use discovery-driven planning for emerging markets.
Which structure is more aligned with exploitation behaviors?
Mechanistic structures that are rigid and hierarchical.
Which attribute of transformational leadership involves encouraging followers to challenge assumptions and view problems from new perspectives?
Intellectual Stimulation
Based on Ling et al. (2008), what is the relationship between CEO transformational leadership and corporate entrepreneurship?
CEO transformational leadership is positively associated with TMT risk propensity.
What is a key characteristic of contextual ambidexterity?
Individual employees make choices between alignment-oriented and adaptation-oriented activities in their daily work.
What is one of the attributes that define an organization’s context for ambidexterity, according to Birkinshaw & Gibson (2004)?
Centralization
Which of the following is NOT a common pitfall of applying the Blue Ocean Strategy?
Focusing solely on technological innovation.
In the context of the Blue Ocean Strategy, what does the ‘Eliminate-Reduce-Raise-Create’ grid help companies achieve?
Pursue differentiation and low costs simultaneously.
What is an example of an Inside-Out type of Open Innovation?
Licensing unused patents to external entities
Which phase of strategy development in open strategy involves significant information sharing to get meaningful inputs?
Formulation Phase.
Which of the following is a common challenge in strategic alliances?
High failure rates due to differences in partner cultures.
