Question 1

Compare and contrast the industrial organization (I/O)and resource-based views (RBV).

Accepted Answer

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Question 2

Explain the guerrilla view of managing strategically.

Accepted Answer

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Question 3

As you are studying Picture Perfect Painting's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?
A) Reduced need for physical assets
B) Vanishing distance and compressed time
C) Increased vulnerability
D) All of the answer choices are correct.
E) None of the answer choices is correct.

Accepted Answer

Reduced need for physical assets, vanishing distance and compressed time, and increased vulnerability are all driving forces for change that can affect Picture Perfect Painting's future. The company will need to adapt to these changes to remain competitive and succeed in the market.

Question 4

What makes organizational resources unique?

Accepted Answer

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Question 5

Define stakeholders. Describe some potential organizational stakeholders. Why are stakeholders important?

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Question 6

As the consultant, you propose to Ms. Gibson that she think about the way Picture Perfect Company operates. You are suggesting the company review which of the following?
A) Its digital technology
B) Its network capabilities
C) Its technology
D) All of the answer choices are correct.
E) None of the answer choices is correct.

Accepted Answer

The question is asking which aspect of Picture Perfect Company's operations needs to be reviewed, and all the answer choices relate to technology. Therefore, Option D is not the best answer, as it implies that all the options are correct. Option A (digital technology) and Option B (network capabilities) are specific aspects of technology, whereas Option C (general technology) covers a wider range of technology-related issues. However, Option C is still the best answer, as it includes both Option A and Option B as well as any other technological issues that may need to be addressed. Option E (None of the answer choices is correct) is also not the best choice, as all the options are related to technology, which is the focus of the question.

Question 7

Describe the traditional view of corporations.

Accepted Answer

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Quiz 2: The Context of Managing Strategically

Compare and contrast the industrial organization (I/O)and resource-based views (RBV).

Explain the guerrilla view of managing strategically.

As you are studying Picture Perfect Painting's context, it seems clear that the company will have to prepare itself for continual turbulence and change. Which of the following best describes the driving forces for change that could affect the company's future?

What makes organizational resources unique?

Define stakeholders. Describe some potential organizational stakeholders. Why are stakeholders important?

As the consultant, you propose to Ms. Gibson that she think about the way Picture Perfect Company operates. You are suggesting the company review which of the following?

Describe the traditional view of corporations.