Reference no: EM133169033

Contexts of Management - The Marco Environment

Question 1: The framework that managers use to make decisions that maximize their companies' value creation performance is referred to as a strategy.

Question 2. Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy?
Interest rate trends
Technological developments
Shifts in US political attitudes
Actions taken by Honda and Mercedes Benz

Question 3. The industry organization (IO) paradigm assumes which of the following?
Core competency
Value proposition
Mission statement
Learning curve

Question 4. Which of the following refers to the means by which management applies the systems that link a company's value activities, whether those activities are performed in one or in many countries?
Configuration
Logistics
Coordination
Core competency

Question 5. Which of the following is the BEST example of a product disruption driving industry change?
Redesign of Toyota's Prius
Introduction of Apple's ipad
AT&T purchase of T-mobile
Merger of United and Continental airlines

Question 6. Which of the following is the purpose of a company's value proposition?
A) to exceed customers' expectations
B) to force competitors into a price war
C) to identify consumers for whom the company creates products
D) to explain why a consumer should buy the company's products

Question 7. Which of the following is one of the key criteria for achieving sustainable competitive advantage?
A) Substitutability
B) Sustainability
C) Corporate social responsibility
D) Strong organizational vision

Question 8. From the VRIN framework resources are deemed valuable when they
A) Allow firms to compete
B) At a cost that allows organizations to realize acceptable returns
C) Help organizations to identify they competitive nature
D) Can be sold at valuable prices to competitors

Question 9. Dynamic capabilities by Teece et al. 1997 accepts that organisations can use their resources to bring about changes in the environment.

Question 10. One of the following is a supporting activity in the value chain
A)Procurement
B) Stock control
C) After sale service
D) Marketing

Question 12. To evaluate the competitive nature of an industry, the most appropriate strategic tool to apply is
A) Scenario planning
B) PESTEL
C) Porters five forces
D) VRIN

Question 13. _______ capabilities are those needed for an organization to meet the necessary requirements to compete in a given market and achieve parity with competitors in that market
A) Threshold
B) Distinctive
C) Dynamic
D) Strategic

Activity
Given the current socio-economic climate prepare a robust macro environmental analysis for the UK grocery industry. From your analysis provide strategic recommendation for players in the industry.
Hint: Use PESTEL(and scenario analysis) for the analysis.

Volunteers: Can students volunteer to present their answers to the activity during the workshop session. You will need to prepare a PPT and able to share your screen on Microsoft teams.