Question 1

In strategy implementation,leadership is the ability to influence people to adopt the new behaviours needed.

Accepted Answer

A) True 
 B)False  True

Question 2

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Accepted Answer

A) True 
 B)False  False

Question 3

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment,so as to achieve organizational goals is known as:

Accepted Answer

A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. C

Question 4

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Accepted Answer

A) True 
 B)False

Question 5

The strategy that the BCG matrix suggests that Theresa should take for this SBU is:

Accepted Answer

A)  invest and grow. 
B)  liquidate while still profitable. 
C)  ask her astrologer for advice. 
D)  keep the SBU healthy and use its excess earnings to invest in other SBU's. 
E)  divestiture. 
A)  invest and grow. 
B)  liquidate while still profitable. 
C)  ask her astrologer for advice. 
D)  keep the SBU healthy and use its excess earnings to invest in other SBU's. 
E)  divestiture.

Question 6

The BCG (Boston Consulting Group)matrix evaluates SBUs with respect to their business growth rate and geographical location.

Accepted Answer

A) True 
 B)False

Question 7

Name and describe the three types of global strategies.

Accepted Answer

The three types of global strategies are

Question 8

Which of the following pertains to the organization as a whole?

Accepted Answer

A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy 
A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy

Question 9

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements and surveys of employee attitudes and satisfaction.

Accepted Answer

A) True 
 B)False

Question 10

Business-level strategies include all of the major functions,including finance,research and development,marketing and manufacturing.

Accepted Answer

A) True 
 B)False

Question 11

Briefly describe the tools for putting strategy into action.

Accepted Answer

The tools for putting strategy into acti

Question 12

In order to protect an organization's mission,the human resource functions are removed from strategic goals.

Accepted Answer

A) True 
 B)False

Question 13

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors,customers,suppliers and the labour supply.

Accepted Answer

A) True 
 B)False

Question 14

When properly managed,_____ can create additional value with existing resources,providing a substantial boost to the bottom line.

Accepted Answer

A)  synergy 
B)  competitors 
C)  government contacts 
D)  command structure 
E)  cooperation among customers 
A)  synergy 
B)  competitors 
C)  government contacts 
D)  command structure 
E)  cooperation among customers

Question 15

It is argued that _____ is the most difficult and most important part of strategic management.

Accepted Answer

The answer of It is argued that _____ is the...

Question 16

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Question 17

_____ level strategy pertains to the planning for major functional departments within the business unit.

Accepted Answer

A)  Operational 
B)  Corporate 
C)  National 
D)  Business 
E)  Functional 
A)  Operational 
B)  Corporate 
C)  National 
D)  Business 
E)  Functional

Question 18

The question What business are we in? concerns the _____ strategy.

Accepted Answer

The answer of The question What business are we in?...

Question 19

The standardization of product design and advertising strategies throughout the world is called _____.

Accepted Answer

The answer of The standardization of product design and advertising...

Question 20

The question How do we compete? concerns _____ strategy.

Accepted Answer

The answer of The question How do we compete? concerns...

In strategy implementation,leadership is the ability to influence people to adopt the new behaviours needed.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment,so as to achieve organizational goals is known as:

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

The strategy that the BCG matrix suggests that Theresa should take for this SBU is:

The BCG (Boston Consulting Group)matrix evaluates SBUs with respect to their business growth rate and geographical location.

Name and describe the three types of global strategies.

Which of the following pertains to the organization as a whole?

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements and surveys of employee attitudes and satisfaction.

Business-level strategies include all of the major functions,including finance,research and development,marketing and manufacturing.

Briefly describe the tools for putting strategy into action.

In order to protect an organization's mission,the human resource functions are removed from strategic goals.

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors,customers,suppliers and the labour supply.

When properly managed,_____ can create additional value with existing resources,providing a substantial boost to the bottom line.

It is argued that _____ is the most difficult and most important part of strategic management.

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

_____ level strategy pertains to the planning for major functional departments within the business unit.

The question What business are we in? concerns the _____ strategy.

The standardization of product design and advertising strategies throughout the world is called _____.

The question How do we compete? concerns _____ strategy.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters

Exam 8: Strategy Formulation and Execution

In strategy implementation,leadership is the ability to influence people to adopt the new behaviours needed.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment,so as to achieve organizational goals is known as:

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

The strategy that the BCG matrix suggests that Theresa should take for this SBU is:

The BCG (Boston Consulting Group)matrix evaluates SBUs with respect to their business growth rate and geographical location.

Name and describe the three types of global strategies.

Which of the following pertains to the organization as a whole?

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements and surveys of employee attitudes and satisfaction.

Business-level strategies include all of the major functions,including finance,research and development,marketing and manufacturing.

Briefly describe the tools for putting strategy into action.

In order to protect an organization's mission,the human resource functions are removed from strategic goals.

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors,customers,suppliers and the labour supply.

When properly managed,_____ can create additional value with existing resources,providing a substantial boost to the bottom line.

It is argued that _____ is the most difficult and most important part of strategic management.

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

_____ level strategy pertains to the planning for major functional departments within the business unit.

The question What business are we in? concerns the _____ strategy.

The standardization of product design and advertising strategies throughout the world is called _____.

The question How do we compete? concerns _____ strategy.

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Filters