Test 1- internal and external environment

Question 1

the rate at which a firm’s underlying resources and capabilities depreciate or became obsolete

Answer 1

durability

Question 2

a graph showing time plotted against sales of a product as it moves from introduction through growth and maturity to decline

Answer 2

Product life cycle

Question 3

a forecasted description of an industries likely future

Answer 3

industry scenario

Question 4

the degree of complexity plus the degree of change existing in the organizations external environment

Answer 4

enronmental uncertainty

Question 5

a collection of corporate capabilities that cross divisional borders and are widespread within a corporation and is something that a corporation can do exceedingly well

Answer 5

core competency

Question 6

a set of business units or themes that were through similar strategies and have similar resources

Answer 6

Strategic Group

Question 7

the companies that offer the same products or services as the subject company

Answer 7

Direct Competitors/ Competitors

Question 8

barney’s proposed analysis evaluates a firm case resources in terms of value, rareness, imitability and organization

Answer 8

VRIO Framework

Question 9

an industry situation in which the players frequency boldness and aggressiveness of dynamic movements accelerate to create a conditions of constant disequilibrium and change.

Answer 9

Hypercompetition

Question 10

products that appear to be different but can satisfy the same needs as other products

Answer 10

Substitute Products

Question 11

a linked set of value creating activities that begins with basic raw materials coming from suppliers and end with distributors getting the final goods into the hand of the ultimate consumer

Answer 11

Value Chain

Question 12

a group of firms producing a similar product or services

Answer 12

Industry

Question 13

the monitoring, evaluating, and disseminating of information from the external environment to key people within the corporation.

Answer 13

Environmental scanning

Question 14

a category of firms based on a common strategic orientation and a combination of structure, culture and processes that are consistent with that strategy

Answer 14

Strategic type

Question 15

a conceptual framework that states the units production cost decline by some fixed percentage it’s time the total accumulated volume of productions in units doubles

Answer 15

Experienced curved

Question 16

an assemblage of legally independent firms operating under one corporate umbrella but controlled through the subsidiaries board of directors

Answer 16

conglomerate structure

Question 17

an industry in which multinational corporations primarily coordinate their activities within a specific geographic areas of word

Answer 17

Regional Industries

Question 18

a cross-functional integration and coordination of capabilities

Answer 18

Competency

Question 19

an in-depth examination of key factors within a corporations task environment

Answer 19

Industry Analysis

Question 20

businesses entering an industry that typically venue capacity to an industry a desire to gain market share and a substantial resources

Answer 20

New entrants

Question 21

a collection of beliefs, expectations and values learned and shared by the corporations members and transmitted from one generation of employees to another

Answer 21

Corporate Culture

Question 22

a name that identifies a particular company’s product in the mind of consumer

Answer 22

Brand

Question 23

a formal program of gathering information about the company’s competitors

Answer 23

Competitive intelligence

Question 24

the formal set up of a business corporation value chain components in terms of workflow, communication channels and hierarchy

Answer 24

Organizational Structure

Question 25

the ability of competitors to gather the resources and capabilities necessary to support a competitive advantage

Answer 25

Transferability

Question 26

the formation of networks for sourcing raw materials, manufacturing products or creating services, storing and distributing goods and delivering goods or services to customers and consumers

Answer 26

Supply Chain Management

Question 27

a firms competencies that are superior to those of competitors

Answer 27

Distinctive Competencies

Question 28

economic, technological, political legal , and socio-cultural environmental factors that do not really touch on the short run activities of an organization but influence its long run decision

Answer 28

Societal Environment

Question 29

that part of external environment that includes physical resources wildlife and climate that are inherent part of existence on earth

Answer 29

Natural Environment

Question 30

a group of geographically and organizationally dispersed coworkers that are assembled using a combination of telecommunication and information technologies to accomplish an organizational task

Answer 30

Virtual Team

Question 31

an obstructions that keeps a company from leaving an industry

Answer 31

Exit Barrier

Question 32

an industry in which company is tailored their products to the specific needs of consumers in a particular country

Answer 32

Multi Domestic Industry

Question 33

the ability of competitors to duplicate resources and imitate another firm’s success

Answer 33

Replicability

Question 34

the particular combinations of key variables (product, place, promotion, price) that can be used to affect demand and to gain advantages

Answer 34

Marketing Mix

Question 35

corporation’s ability to exploit its resources

Answer 35

Capabilities