11. A successful competitive strategy can be achieved with inadequate resources and a lack of employee know how and capabilities.

a. true

b. false

4.

12. Which one of the following issues would not be considered a strategic emergency?

a. new foreign competition

b. slowing sales growth with no obvious explanation

c. competitor aggressive price discounting

d. competitor dropping specific lines of business

e. reputation or crisis issue

13. Which of the following is not a key component of strategy execution?

a. supportive organizational structure

b. strengthen core competencies and competitive abilities

c. Board of Directors

d. appropriate staffing

14. One of the most important components of managing internal operations is the effective allocation resources to support strategy.

a. true

b. false

5.

15. An organization's employee rewards and incentives must be carefully aligned with strategy execution.

a. false

b. true

16. In today's technological environment it is critical the a company's information and operating systems are carefully designed to support strategy execution.

a. true

b. false

17. To strengthen your competitive position in business which of the following is not a good strategic choice?

a. form a strategic alliance or partnership

b. outsource

c. go on the offensive or defensive

d. actively resist union organization

e. vertical or horizontal integration

6.

18. Which of the following is not a considered a risk to a merger or acquisition strategy?

a. failure to merge culture

b. potential rigidity in supply chain

c. loss of competing customers

d. economies of scale

19. Which of the following is a potential risk to an outsourcing strategy?

a. financial challenge or risk by outsourcer

b. cost reduction

c. potential improvement to expertise and efficiency

d. stay focused on your own core competencies

20. The three most important elements to a strategic alliance/partnership are clear concise contracts, mutual trust/cooperation and open communication.

a. true

b. false