Exam 8: Strategy Formulation and Execution

With a(n)_____ strategy,the organization aggressively seeks efficient facilities,pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

To remain market competitive,companies should develop strategies that focus on core competencies,providing synergy and creating value for _____.

The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:

For successful execution,alignment of everyone in the organization must occur.

The question mark product has a:

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

In a turbulent business climate,managers should focus on strategic stability rather than flexibility.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n)_____.

If ABC International has standardized its product lines throughout the world markets it is pursuing a:

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

According to the BCG Matrix,which of the following exists in a mature,slow-growth industry,but is a dominant business in the industry,with a large market share?

The _____ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Which of the following lists the strategic management process in proper order?

Top managers and chief executives have the final responsibility for strategic planning.

When an organization chooses a(n)_____ strategy,it means that business decisions such as product design are made on a country-by-country basis.

Diversification is a strategy of moving into new lines of business.

Which of the following strategies refers to moving into a new business that is related to the company's existing business activities?

If Swift Stock's traditional brokerage business were to face a declining business growth,it may need to be reclassified as a _____.

In the BCG matrix,the star has a(n)_____ market share in a rapidly growing industry.