1. What is your favorite organization (public or private)? Wh at makes the organization so special?

Why do other companies find it difficult to mimic this organiza tion?

If an organization is able to mimic this company, would they also be successful?Can a value chain be used to analyze relative costs?

A. Yes, the value chain can be used to assess each activity with regard to impact on cost and willingness to pay. The only downside is the absolute inability of the firm to compare itself to competitors.

B. Yes, the value chain can be used to assess each activity with regard to impact on cost and willingness to pay relative to the actions of competitors.

C. Yes, but the results cannot be used to lower relative costs.

D. No, it is impossible to identify every stage of a firm's value chain down to its costs.

2. In the HBS interactive, "Introduction to Strategy," is it important to compare and analyze firms in relation within their industry?

A. No, it is important to compare firms in different industries, not in the same industry.

B. None of the above answers is correct.

C. No, firms are completely unique. Each firm is an industry of one.

D. Yes, that's how competitive intelligence is done: between rival firms within the same industry.

3. Integrated business choices that recognize trade-offs in a shifting business landscape often lead to positive economic outcomes.

A. TRUE B. FALSE

4. In the HBS interactive "Introduction to Strategy", which question is one of the fundamental criteria for a strategy?

A. Will stakeholders be satisfied with the strategy?

B. Where should we compete?

C. Against whom should we compete?

D. Does the strategy address the key opportunities and constraints that the organization faces?