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The primary determinant of realized strategy is what Mintzberg terms _________________.

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A resource that is to imitate, or create ready substitutes for is called ________________.

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A firm's tangible resource includes which of the following?


A) Knowledge
B) Capacity for innovation
C) Organizational routines
D) Production equipment

E) A) and D)
F) C) and D)

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While there are different schools of thought about how strategy comes about, researchers generally agree the common characteristic across successful organizations is:


A) Strategy trade-off
B) Strategic focus
C) Strategic process
D) Strategy discipline

E) B) and D)
F) All of the above

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Intense rivalries are common in industries with many companies.

A) True
B) False

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A(n) _______________ asset has a value and physically exists.

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What questions do corporate and business strategies answer

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Corporate and business strategy answer t...

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A tool that will help you understand how clearly and completely you have crafted a strategy is called the __________________.

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By drawing on external analysis and emphasizing core competencies when formulating strategies, companies learn to compete primarily on the basis of firm-specific differences.

A) True
B) False

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How has Walgreens used its core competencies to provide value to its customers?

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Walgreens creates value by foc...

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What is the strategic management process

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Strategic management process is the proc...

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What are the facets of the strategy diamond

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The strategy diamond includes ...

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What are the two internal analysis tools discussed in the text

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The two internal ana...

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The stronger the power of _____________ in an industry the more it is for firms within that sector to make a profit.

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The oil refiners are upstream of the oil producers.

A) True
B) False

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Knowledge possessed by human capital is among the most significant of an organization's capabilities.

A) True
B) False

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_________________ is strategy as conceived of by the top management team and is the result of a process of negotiation, bargaining, and compromise.

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What are the two schools of thought regarding strategy

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The two schools of thought include those...

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According to the strategy diamond, ________________ are the things that are supposedly unique to the firm such that they give it a competitive advantage in its current and future arenas.

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The actual strategy that is implemented in a firm is called ________________.

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