Strategic Management (B&M) - RUG - Practice exam (1)
According to Mintzberg (2.4 Decision-making: It's not what you think), which decision-making approach is associated with organizational behavior, Karl Weick, and the following process: enactment => selection => retention ?Doing firstBeing firstThinking firstSeeing first Which approach claims that powerful people with the firm prevent learning in order to maintain their own power base?Knowledge-based viewInstitutionalismCommunities of practiceNeo-institutionalism In the context of efficient production and plant size, indivisibility means that:economies of scope require certain combinations of products to be produced together.co-specialized assets that must be kept together.the slope of the learning curve will be much steeper initially.an input cannot be scaled down below a minimum size, and can only be scaled up in multiples of that size. In Prospect theory, the relationship between outcomes and the value of those outcomes is drawn as:A straight lineAn S-shaped curveA U-shaped curveAn inverted U-shaped (bell) curve In the Turnbell report, which type of risk is associated with the following issues: loss of key people, succession problems and reputation damage?Compliance riskOperational riskStrategic riskFinancial risk Which of Porter’s generic strategies is associated with a narrow market scope and commodity products?Cost focusDifferentiation focusCost differentiationDifferentiation Which of the following is not true about strategic groups?Firm profits are very similar within groups, and very different across groups.Groups differ in...
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