Exam 4: The Competitive Environment

Which of the following tend to have many rules and formal procedures that might limit a firm's ability to formulate an ideal strategy?

Widget Corp. is often known for its motto "Don't put all your eggs in one basket." Over the course of the past 15 years, the company has acquired a wide array of firms, which operate in different markets that are not associated with each other. In the context of corporate strategies, it is evident that Widget Corp. has adopted a(n) _____.

The group of senior executives responsible for the overall strategic operation of a firm is called the firm's _____.

A company that adopts a stability strategy plans to expand into new products or markets and intends to manage them by adopting the strategies used for managing its current businesses.

Sandra is the chief operating officer of a fast-moving consumer goods (FMCG) company. She is responsible for the overall strategic operation of the company and for communicating the company's vision to the employees. In this case, Sandra is most likely to be part of the:

Anyx Inc., an electronics firm, manufactures home appliances as well as automobile engines. It also owns and operates an insurance firm and a software development firm. Which of the following strategies does Anyx Inc. use?

In the context of the adaptation model, which of the following strategies works best when the business environment is dynamic and growing and has considerable uncertainty and risk?

A cost leadership strategy allows a firm to charge the highest possible prices for its products.

The top management team of a company includes the chief operating officer (COO) of the company.

The top management team of a firm needs to consult with the human resource management (HRM) team before deciding to pursue a growth strategy.

In the context of the adaptation model, HR managers in firms that pursue the analyzer strategy are most likely to:

An agency problem occurs when there is a conflict of interest between the managers and the shareholders.

Identify one popular approach to business strategy where a business seeks ways to become accustomed to its environment.

In the context of the adaptation model, HR managers in organizations using a defender strategy are most likely to recruit and retain:

In the context of a turnaround strategy, the role of human resource managers is to:

Identify an organizational design that looks similar to the H-form design except that the businesses are closely related to one another.

Which of the following occurs when an organization finds that its current operations are not effective, and major changes, such as rightsizing, are usually needed to rectify the problem?

Labor relations is the process of dealing with employees who are represented by _____.

Ross Brand Inc., a multinational corporation, began its operations with three businesses in the frozen food industry. Since its inception, the company has acquired other fast-food companies. Which type of organization design would be most appropriate for Ross Brand Inc.'s strategy?

A cost leadership strategy is one that: