The text discusses two forms of R&D. What are they?
Explanation
This question assesses the student's ability to recall the two primary ways an organization can structure its R&D activities, either by performing them in-house or by outsourcing them.
Other questions
According to the opening case study on Amazon.com, what was the company's strategic plan under CEO Jeff Bezos to become the 'Wal-Mart of the Internet'?
The Resource-Based View (RBV) of competitive advantage contends that for a resource to be valuable, it must possess three specific characteristics, which are also referred to as empirical indicators. What are these three characteristics?
According to Table 4-1, which defines cultural products, what is the definition of a 'Saga'?
The chapter outlines five basic functions of management. Which of the following activities falls under the 'Controlling' function?
What was the expected decline in U.S. advertising expenditures in 2009, as mentioned in the section on selling products and services?
According to the text, what are the three steps required to perform a cost/benefit analysis in marketing?
Financial ratio analysis is the most widely used method for determining an organization's strengths and weaknesses in three key decision areas. Which of the following is NOT one of those three decision areas?
What are the five functions or decision areas that, according to Roger Schroeder, comprise production/operations management?
In the fourth quarter of 2008, what was the R&D spending for Johnson & Johnson, as listed in Table 4-9?
What is the process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing and marketing its products, with the aim of identifying where low-cost advantages or disadvantages exist?
What is the term for an analytical tool used to determine whether a firm’s value chain activities are competitive compared to rivals by measuring costs against industry 'best practices'?
When developing an Internal Factor Evaluation (IFE) Matrix, what is the range of the total weighted score, and what does a score significantly above 2.5 indicate?
In the sample IFE Matrix for a retail computer store (Table 4-10), which factor was identified as the most important weakness, based on its assigned weight?
What is the term for a firm's strengths that cannot be easily matched or imitated by competitors?
What is the process of breaking down tasks into jobs, combining jobs to form departments, and delegating authority known as?
What is the definition of a 'core competence' as it relates to Value Chain Analysis?
The chapter discusses Breakeven Analysis. What is the effect on the breakeven point when a firm increases its Fixed Costs (FC), such as by adding more stores or plants?
Which type of financial ratio measures a firm's ability to meet maturing short-term obligations?
The chapter discusses a 'catastrophic double whammy' in Breakeven Analysis, especially during a recession. What two actions, when combined, dramatically increase a firm's breakeven quantity?
What is the primary purpose of a management information system (MIS) within an organization?
What is the term for the process of influencing people to accomplish specific objectives, which includes components like leadership, group dynamics, communication, and organizational change?
The chapter discusses a 'Management Audit Checklist of Questions'. Which of the following is NOT one of the questions on this checklist?
One of the most effective product and service planning techniques mentioned in the chapter allows an organization to test alternative marketing plans and forecast future sales of new products. What is this technique called?
What is the term for the financial ratio that is calculated by dividing 'Profits before interest and taxes' by 'Total interest charges'?
The chapter discusses how Singapore attracts multinational businesses. Which of the following is NOT listed as an incentive Singapore uses to lure these businesses?
What are the two new positions that organizations are establishing to effectively capitalize on e-commerce, reflecting the growing importance of information technology (IT) in strategic management?
In the context of the Resource-Based View (RBV), internal resources can be grouped into three all-encompassing categories. Which of the following is NOT one of these categories?
According to the chapter, what is the 'single best measure' of a firm's competitive position and overall attractiveness to investors?
What are the four basic steps of the controlling function of management?
In the sample IFE Matrix for a retail computer store (Table 4-10), what is the rating for the weakness 'Carpet and paint in store somewhat in disrepair'?
The Resource-Based View (RBV) asserts that it is advantageous for a firm to pursue a strategy that is not currently being implemented by any competing firm. When does this lead to a sustainable competitive advantage?
Which of the following describes a key difference between a functional organizational structure and a divisional structure by process?
What is the term for a value chain activity that a firm performs especially well, which can evolve into a major competitive advantage?
In the sample IFE Matrix for a retail computer store (Table 4-10), what is the weighted score for the strength 'Revenues from repair/service segment of store up 16 percent'?
Which of the five basic functions of management is considered the cornerstone of effective strategy formulation?
According to the chapter, what is the term for the management function that includes activities such as recruiting, interviewing, testing, selecting, and training employees?
What is the first step in performing a projected financial analysis?
What is the key link between a projected income statement and a projected balance sheet in financial analysis?
In the discussion on R&D, what approach is described as being an 'innovative imitator' of successful products?
Which of the following is listed as a DISADVANTAGE of a functional organizational structure?
When transforming a core competence into a sustained competitive advantage, what is the intermediate step according to Figure 4-8?
In the Finance/Accounting section, which of the following is NOT listed as a reason why companies might pay dividends even when funds could be better reinvested?
What is the primary concern that makes R&D activities in a firm pursuing product development strategy particularly important?
In the Breakeven Analysis section, what happens to the Total Revenue (TR) line on the chart when a firm lowers its prices?
What is the final step in the five-step process for developing an Internal Factor Evaluation (IFE) Matrix?
According to the chapter, a pattern of behavior developed by an organization as it learns to cope with external adaptation and internal integration is known as what?
What does Lorsch's research, cited in the chapter, suggest is a primary reason managers in successful companies might miss the significance of changing external conditions?
In the sample IFE Matrix for a retail computer store (Table 4-10), what is the weight assigned to the strength 'Employee morale is excellent'?
Which of the following is NOT one of the five types of financial ratios classified in the chapter?