5.Why are long periods of stability the norm in industries, whereas significant

Question

5.Why are long periods of stability the norm in industries, whereas significant disruption is rare?

a.industry attackers have better access to an industry's resources than do defenders

b.industry defenders have better access to an industry's resources than do attackers

c.because there are very seldom wars in industry

d.disruption is more normal than stability; the assumption in the question is false

6.Porter and Kramer argued that business people in prior eras better understood the need to maintain support from local resource providers and broader influencers. What do they think happened that changed the focus of business people in recent decades?

a.the shareholder maximization principle emerged and was misused to focus on short-term profit at the expense of longer term capacity for value creation

b.the social value principle emerged and was misused to focus on short-term profit at the expense of longer-term capacity to maximize shareholder value

c.the shareholder maximization principle emerged and was misused to focus on long-term value creation at the expense of short-term profit

d.the profit maximization principle emerged and was misused to focus on long-term value creation at the expense of shareholder value

7.Porter argued that organizations need to create shared wealth in order to:

a.do what is legal

b.do what is morally right

c.maintain community support, including access to essential resources

d.maintain government support, including access to policy makers

8.The notion of Corporate Shared Value refers to which of the following:

a.organizations profit only when they also benefit employees

b.organizations profit only when they also benefit charities

c.organizations profit only when they also benefit societal stakeholders

d.organizations profit only when they also benefit stockholders

9.Which of the following is NOT one of the primary benefits included in authors' argument advocating for the shared value approach to business?

a.shared value initiatives expand opportunities for differentiation and cost control

b.shared value initiatives will likely assist a company to maximize its size

c.shared value initiatives can induce sustained commitment to creation of both economic and social value

d.shared value initiatives can help business as an institution to repair damaged social legitimacy

10.Porter & Kramer developed the concept of shared value to overcome what important business problem?

a.loss of market share in recent decades

b.loss of business legitimacy in the eyes of the public in recent decades

c.increase in corporations' share of the national income in recent decades

d.increase in corporate profitability in recent decades

a.industry attackers have better access to an industry's resources than do defenders

b.industry defenders have better access to an industry's resources than do attackers

c.because there are very seldom wars in industry

d.disruption is more normal than stability; the assumption in the question is false

Explanation / Answer

Q5)

b..industry defenders have better access to an industry's resources than do attackers

Q6)

a.the shareholder maximization principle emerged and was misused to focus on short-term profit at the expense of longer term capacity for value creation

Q7)

c.maintain community support, including access to essential resources

Q8)

c.organizations profit only when they also benefit societal stakeholders

This speaks about relation between Competitive advantage and CSR

Q9)

c.shared value initiatives can induce sustained commitment to creation of both economic and social value

Q10)

b.loss of business legitimacy in the eyes of the public in recent decades

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