Corporate Strategy MCQ Questions Answers

1. A(n) ____ is a voluntary agreement of cooperation between firms.

2. Double fertilization produces a ___________ embryo and a _________ endosperm.

3. One fundamental difference between a process chart and a process map is that __________.

4. Align technology uses a ________ approach to produce clear plastic removable aligners.

5. The purpose of an eco-machine is to ________.

6. Research by Davis and Mishel showed that CEO compensation (inflation-adjusted) increased by what percentage between 1978 and 2013?

7. The upshot of the political and economic changes that occurred from 1980 onwards was a significant shift in the ________ share of the economy.

8. The number of American companies listed on the stock market dropped by what percentage between 1996 and 2012?

9. The antithesis of Keynesianism is _______________.

10. According to your textbook, strategy is an essential part of any serious senior managers’ ___________.

11. Your textbook says of the ‘patchwork quilt’ of strategy theories that they are ____________.

12. Jensen and Meckling made what theory popular in corporate circles?

13. What was the name of the first strategy journal?

14. Adam Smith saw the theory of _____________ as central to the study of economy and society.

15. Economic neo-liberalism sees _____________ as the defining characteristic of human relations.

16. Meyer analysed the strategic choices made by three hospitals in the face of _________ .

17. The strategic environment is best thought of as __________, according to your textbook.

18. Which of the following is a good example of a firm that has experienced strategic drift?

19. What is strategic drift?

20. Which of the following would NOT be associated with the socio-political approach to understanding the causes of change:

21. Which of the following could be a strategic change?

22. He process of defining, categorizing or labelling a particular change as ___________ is both an _____________ of an ongoing ___________ process and is itself a ___________ act.

23. According to your textbook, what do Whittle and Mueller think makes a change ‘strategic’?

24. According to Balogun and Hope Hailey, what percentage of strategic change projects is thought to fail to achieve their aims?

25. Strategic change could involve ___________________________.

26. Political skill entails:

27. Power games played between organizational sub-groups are often referred to as:

28. Fligstein found that the background of CEOs in the USA changed in the second half of the 20th century from ______ to _______.

29. Mintzberg identified which of the following as political games played in organizations:

30. In organizations, _____ have strategic interests.

31. A strategic interest emerges when:

32. Interests can be defined in terms of:

33. Organizational politics is the use of _______ to advance self-interest.

34. Which thinker is associated with the political perspective?

35. Strategies can go awry because of:

36. Carroll, Levy and Richmond identified seven areas of self-insight into leadership practice: ______, process, consciousness, awareness, ______, everydayness and identity.

37. According to Spee and Jarzabkowski, strategy tools work in practice both ______ and ______.

38. Consultants offer which of the following functions for strategists?

39. Strategy as practice research has shown that strategy tends to be marked by unreflective acceptance of ___________.

40. What is the narrative structure described by Campbell (1988) which is often found in biographical accounts of CEOs?

41. According to Samra-Fredericks, which of the following is NOT a factor defining interpersonal competence as a strategist?

42. Strategy as practice seeks to study strategy ______ and _______.

43. Which of the following are standard strategy practices?

44. The study of the organizational work done by people when engaged in strategizing is known as the ___________ approach.

45. Andrew Pettigrew’s framework of strategic change involves _________, __________ and_________.

46. Quinn’s view of strategy is known as:

47. Mintzberg’s critique of strategic planning proposed that it was founded on which of the following flawed assumptions?

48. Which of the following comprise one of Mintzberg’s 5 P’s of strategy?

49. Mintzberg argued that strategy is best thought of as ___________.

50. Strategy is the proper preserve of ___________ according to Mintzberg.

51. For Mintzberg, strategy was most likely to be based on __________.

52. Mintzberg ___________ rational planning approaches to strategy.

53. Minztberg discovered that managers ________________.

54. Mintzberg used ___________ to establish what managers do in practice.

55. What is the name usually given to the rules, values and norms through which governance occurs?

56. Which country best exemplifies the social democratic stakeholder capitalism model?

57. Which country best exemplifies the shareholder capitalism model?

58. Which of the following is NOT a major model of comparative corporate governance?

59. Which of the following is an influential agenda-setting report on corporate governance?

60. The dominant theory in corporate governance is _____________.

61. How is the problem of ownership and control usually understood?

62. The debate about the nature of the corporation was initially dominated by issues of:

63. The debate concerning corporate governance was initiated by:

64. Which of the following comprises part of the nexus of institutions making up corporate governance?

65. What is the name given to firms that defy the conventional wisdom that it is necessary to have evolved into a large firm to internationalize?

66. What does glocalization mean?

67. Foreign Direct Investment (FDI) involves __________________.

68. Americanization refers to:

69. Globalization is often associated with:

70. Which of the following erects obstacles and barriers to globalization?

71. It is generally agreed that globalization:

72. Globalization involves increasing relations among:

73. The International Monetary Fund, in defining globalization, does NOT pay particular attention to which factor:

74. ____ can be thought of as integration in virtually every sphere, achieved principally through international diversification of goods, services and processes across borders.

75. Alliances between firms that are also competitors in another sphere is an example of:

76. The way in which alliance partners integrate their interests, use combined resources and relate is called ___________?

77. Which of the following are types of strategic partnership?

78. According to Gulati, ___________ are defined as purposive linkages between organizations that cover collaborations involving an exchange, a co-development or a sharing relationship.

79. Firms collaborate in order to:

80. For Penrose (1959), firms are superior to markets in terms of their _________.

81. Coase argued that the existence of the firm, as an alternative to market transactions, can be attributed to _______.

82. According to the Industrial Organization approach, firms cooperate because of the incentive for ________.

83. Which of the following approaches address inter-firm collaboration?

84. Pitelis defines a quasi-stable and durable, formal or informal arrangement between two or more independent firms, aiming to further the perceived interests of the parties involved as ___________.

85. Bounded rationality means:

86. What is TCEs’ key question?

87. TCE postulates that human actors are characterized by ______, _______ and ______.

88. The ‘father’ of TCE is:

89. According to TCE, the boundary of the firm is _______.

90. The alternative to market transactions in TCE is:

91. Outsourcing occurs when:

92. Vertical integration occurs:

93. Horizontal integration occurs:

94. Which of the following forms of governance does Transaction Costs Economics (TCE) consider?

95. According to Christensen, what is the reason that sustaining technologies do NOT produce innovation?

96. According to Schumpeter, which notion describes the ‘process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’?

97. A ______ is defined as an evolving ecosystem that is created from many interconnected pieces.

98. _______ fundamentally changes the products offered.

99. _______ means doing new things.

100. Innovation often or always involves: