Thought of as third generic business level strategy

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Reference no: EM132299892

1. A firm investing to create one product because that investment could lead to the development of other products in the future is an example of the option to

a. defer

b. grow

c. contract

d. expand

2. Maintaining options that create strategic flexibility can be thought of as a third generic business level strategy.

True

False

3. Which of the following is NOT an example of a real asset?

a. land

b. brand name

c. building

d. raw material

4. In most countries, contract and temporary employees are much more expensive to lay off than full-time employees.

True

False

5. Seymour Semiconductors is a major global player in the semiconductor and microchip industry. In the space that they compete in, there is tremendous technological uncertainty as disruptive innovations seemingly come out of nowhere to upend well-entrenched incumbents. These disruptions are often fast and are increasingly by companies that do not compete head-to-head with Seymour Semiconductors. In addition, market tastes for the end products that feature Seymour Semiconductors' components also change rapidly. The company was hurt financially when the market shifted away from personal computers (that accounted for a significant portion of Seymour Semiconductors' revenues), first to tablets, and then to other mobile devices. The company's new CEO, Lisa Monroe, has decided that the company's basic approach to strategy should change. Toward this, she has mandated that, at any point in time, Seymour Semiconductors should be able to choose from several different strategic options instead of a fixed and planned course of action that the company has pursued since it beginning. One of her mandates called for the company's future manufacturing plants to be built with the ability to add capacity at low cost. In addition, she wants to lay off 1,000 of the company's employees and hire contract and temporary workers in their stead. Finally, Monroe wants the company to use the real options approach to manage the combination of technological and market uncertainties.

Lisa Monroe's decision that called for Seymour Semiconductors to be able to choose from several strategic options instead of a fixed and planned course of action is called ________.

a. intended strategy

b. strategic flexibility

c. deliberate strategy

d. strategic intent

6. Lisa Monroe's decision to lay off 1,000 of the company's employees and hire contract and temporary workers in their stead gives Seymour Semiconductors the option to ________.

a. defer

b. contract

c. grow

d. abandon

7. Strategic options exist when firms have the ________, but not the ________, to invest in a particular strategy.

a. ability; obligation

b. obligation; ability

c. money; people

d. people; money

8. The option to abandon is a type of flexibility.

True

False

9. A firm outsourcing distribution to a firm that distributes the products of many firms instead of outsourcing distribution to a firm that distributes only its production is an example of the option to ________.

a. defer

b. contract

c. grow

d. shut down and restart

10. A firm building a manufacturing plant that employs only general-purpose machinery is an example of the option to ________.

a. defer

b. grow

c. abandon

d. contract

Reference no: EM132299892

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