Where the real payoff from strategic analysis of industry dynamics comes is for managers to draw some conclusions about what strategy adjustments will be needed to deal with the impacts of the driving forces. True or false? Explain.
What will be an ideal response?
True. However, taking the right kinds of actions to prepare for the industry and competitive changes being wrought by the driving forces first requires accurate diagnosis of the forces driving industry change and the impacts these forces will have on both the industry environment and the company's business. To the extent that managers are unclear about the drivers of industry change and their impacts, or if their views are off-base, the chances of making astute and timely strategy adjustments are slim. So driving-forces analysis is not something to be undertaken lightly; it has practical value and is basic to the task of thinking strategically about where the industry is headed and how to prepare for the changes ahead.
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a. True b. False Indicate whether the statement is true or false
According to Schwartz, emerging-market cultures emphasize embeddedness and hierarchy
Indicate whether the statement is true or false
What does the quality of the evidence an auditor collects depend upon?
a. The nature of the procedures. b. The extent of the procedures. c. The timing of the procedures. d. Both A and C. e. All of the above.
Henry’s very controlling boss at the advertising agency, Molly, gave a list of steps for completing the developing a logo. Henry enjoys his job very much and feels that he can contribute exciting new ideas. Even though Henry was told what steps to take to complete the process, he was still motivated ______.
A. extrinsically B. fundamentally C. inherently D. intrinsically