MCQ's 3 or Better

[sean whitney]

The following are correct, EXCEPT

A. When innovating in the market pace, always try to create
something valuable, rare, non-substitutable, and inimitable.
B. It is easy for large organizations to change and maintain
competitive differentiation and innovation.
C. There is more motivation to enter markets, than to exit
markets.
D. A key to a company’s success is to “un-level” the playing
field.
E. You can sell the same product, but you can’t use the same
strategy.

B is the correct answer



The following answers are true regarding Competitor Lock-Out, EXCEPT:

A. Preemption and 1st movers without follow-through are unsuccessful.
B. The primary goal is to lock competitors out without a fight.
C. Preemption and 1st mover does not guarantee success, but they are
often pivotal.
D. IP (Intellectual property) laws do not favor preemption and 1st
movers.
E. To be successful, find a window of opportunity and "crawl quietly
in" then close the window of opportunity (lock rivals out and lock
customers in).

D is the correct answer



The following are all reasons to become a Corporate Activist, EXCEPT

A. We’re dispensable so we must manage our career by our actions and
outcomes, not rhetoric.
B. The organization isn’t “them”, it’s “us.”
C. It is our duty to the company to help rid of them of programs that
are not working.
D. We owe it to our frail colleagues, extraordinary O/C are shaped by
ordinary people.
E. It is our obligation to add value and new wealth.

C. Is the correct Answer

[Emily Hostetler]

Q: According to the reading and Dr. Markman, what is considered
Porter's 6th force?


A) Threat of Substitute Products
B) Rivalry Amongst Existing Competitors
C)Product Compliments***
D)Bargaining Power of Buyers
E)Threat of New Entrants




Reading: The 5 Competitive Forces that Shape Strategy, by: Michael E.
Porter

Which of the following is NOT an example of how to create successful
business strategy?

A) Leveraging a core asset in order to create a whole new business
for your company.


B)Making use of new technologies to enter into a new customer
segment.


C) Being the first mover, there are extraordinary rewards for
any company that enters into the market first with a new service or
product. ***


Which one of the following is NOT a building block of how an
organization creates, delivers, and captures value?

A) Customer segments based on common needs, behaviors, demographics or
attributes.
B) Value propositions, the reason why your customer chooses your
company over a competitor.
C) Revenue Streams, the cash the company generates from customer
segments.
D)Cost Structure, most important costs needed to operate a business
model.
***E) Implementation Plans, what strategy the company intends to use
to make the business model profitable.


Source:
Title: Business Model Generation, A Handbook for Visionaries, Game
Changers, and Challengers
By: Alexander Osterwalder and Yves Pigneur




D)Staying aware of the market penetration curve for emerging
opportunities, and staying on the optimal penetration curve.



E)Build on and reinforce your company’s core strengths.

[Javen Xu]

MCQ1.
All the following statements of industry analysis in practice are
correct except:
A. We need to understand the appropriate time horizon at very
beginning.
B. We need to understand the underpinnings of competition and the root
causes of profitability.
C. Looking through the income statements and balance sheets of
industry participants will help us to understand competitive forces.
D. The point of industry is simply to declare the industry attractive
or unattractive. (***)
E. A good industry analysis needs to see an industry in overall,
systemic term.

MCQ2.
To avoid the likely shortfalls in alliance outcomes, executives should
to the following things, except:
A. Use the tools of balanced scorecard.
B. Spend more time and effort managing alliance's strategy than
selling the alliance internally.
C. Focus more on the contractual terms of alliance than on a joint
strategy. (******)
D. Use the tools of drawing up a strategy map.
E. Concentrate on removing barriers to the successful execution of the
strategy.

MCQ3
According to The New Psychology Of Strategic Leadership, in terms of
the perspective of strategists, the following statements are all
correct, except:
A. A strategist with a good perspective must pay attention to the
entire vertical chain of economic activity to identify the best
positions.
B. The shift of strategic perspective has nothing to do with the
inadequate attention devoted to the strategist’s noneconomic role.
(***********)
C. A crucial component of being a strategist with leadership
perspective is the mental capacity to spot opportunities that are
invisible to rivals
D. The shift in strategic perspective is from markets to minds, from
strategic leaders who only understand market forces to ones who are
also familiar with mental processes.
E. Strategic perspective shift increases the belief an in-depth
appreciation of market forces is a crucial component of the
strategist’s job.

MCQ4
According to Funding Growth in an Age of Austerity, in terms of the
descriptions about a test and an experiment, the following statements
are all correct, except:
A. Strategic experiments seek to explore the merits of a number of
interrelated changes to a company's business model.
B. Experimentation allows a company to fully explore the potential of
a radical new idea while avoiding the kind of expensive risk-taking
that so often gives innovation a bad name.
C. Strategic experiments are designed to winnow out potential duds.
The basic principle is, "Don't invest in losers." (***********)
D. Wherever possible, experiments are conducted in live commercial
settings where customers can buy the product or service or some
reasonable facsimile.
E. The goal of experimentation is to learn how customers interact with
all the elements of the redesigned business model.

MCQ5
According to the video Disruptive Innovation Explained, in terms of
the Disruptive Innovation, the following statements are all correct,
except:
A. As an example of Disruptive Innovation, the evolution of computer
democratizes technology to the point everybody has access to it around
the world.
B. Disruptive Innovation makes product affordable and accessible that
much larger population have access to it
C. Disruptive Innovation transforms a product historically so
expensive and complicated that only a few people with a lot of money
and skills had access to it.
D. Disruptive Innovation is a breakthrough innovation that makes good
products a lot better. (*******)
E. Without future’s data, Disruptive Innovation provides people with a
theory to predict the future.

MCQ6
Beating the Odds When You Launch a New Venture: Conceiving and
funding experiments to resolve risks systematically will make the
unpredictable process of launching a new venture as efficient as it
can be. Which of the following steps cannot make experiments more
effective?
a. Limit the duration of experiments.
b. Apply the lessons learned to help redirect a venture.
c. Be willing to turn off experiments and move in a new direction.
d. Test one thing at a time instead of varying too many factors.
e. Confirm if the initial ideas were correct. (********)