Assignment:
1. Porter's Five-Forces Model helps us to understand which of the following?
- The network externalities that lead to the emergence of a dominant design
- Porter's Five-Forces Model helps us understand all of the industry characteristics and issues listed in the other answers.
- The structure of market power that determines the industry's relative profitability
- The extent of market concentration (e.g. monopoly vs perfect competition)
- The cooperative structure and interdependencies between those producing complementary goods and services
2. According to the text, the "triple bottom line" approach to corporate accounting includes which three components ?
- financial, environmental, and customer.
- social, environmental, and stakeholder
- financial, organizational, and psychological
- financial, organizational, and customer.
- financial, environmental, and social.
3. Which of the following is NOT true regarding a good mission statement?
- A good mission statement reflects the organization's competitive positioning.
- A good mission statement includes specific financial objectives.
- A good mission statement is motivating, geared to accomplishments external to the firm.
- All of the given answer choices are true of a good, well-crafted mission statement.
- A good mission statement changes in response to changing competitive conditions.