Reference no: EM13781471

Question 1: An entrepreneurial mindset is:

• Seeing things from a customer's perspective
• Noticing a problem that exists
• Being able to state the problem clearly
• Finding opportunities
• All of the above

Question 2: Which of the following cannot be deduced from a strategic-group map?

• Competitors that are strategically similar
• Market shares of individual competitors
• Areas of unserved demand
• Competitors that are not really competitors
• Entry barriers of different strategic groups

Question 3: Strategic thinking is best done during the annual strategic-planning process.

• True
• False

Question 4: Which of the following is not an industry driving force?

• Changes in the industry growth rate
• Increasing pace of technological change
• Increasing globalization of the industry
• Developing a core competence
• Rising energy costs

Question 5: Finding a "blue ocean" or "situational monopoly" is a legitimate part of strategic thinking.

• True
• False

Question 6: A company that is not actively pursuing opportunities won't be in business very long.

• True
• False

Question 7: A situational monopoly is one of the following:

• An instant monopoly
• Something no other competitor has
• An ownable space for a useful period of time
• An opportunity to charge more than competitors
• None of the above

Question 8: What is at the core of blue-ocean strategy?

• Satisfying customers
• Being differentiated
• Value innovation
• Industry repositioning
• None of the above

Question 9: Which of the following is not a barrier to entry?

• Distribution channels all tied up
• Ability to forge strategic alliances
• High capital investment
• Developing a brand reputation
• Competitors with lower costs

Question 10: Which factor is typically not included in an industry-attractiveness analysis?

• Size of potential market
• Industry growth rate
• Size of entry barriers
• Financial strength
• Degree of competition