Exam 8: The Manager As a Planner and Strategist

Jerrod's company provides a policy document to every new employee that details procedures for time tracking, requesting vacation, and managing 401K enrollment cycles. This document is an example of a ________ plan.

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Question 1

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It is important that managers consider previous plans and make ongoing modifications that ensure plans at all levels fit together into one framework to achieve

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Question 2

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List and describe the principal corporate-level strategies that managers can use to help a company maintain or grow its position in an industry or reorganize to stop a decline.

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Question 3

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1. Concentration on a single industry is reinvesting a company's profits to strengthen its competitive position in its current industry.
2. Vertical integration is a corporate-level strategy in which a company expands its business operations either backward into a new industry that produces inputs for the company's products (backward vertical integration)or forward into a new industry that uses, distributes, or sells the company's products (forward vertical integration).
3. Related and unrelated diversification is the corporate-level strategy of expanding a company's business operations into a new industry in order to produce new kinds of valuable goods or services.
4. Corporate-level managers also must decide on the appropriate way to compete internationally.

A multinational tire manufacturer introduces a line of premium, high-priced tires that can handle extreme temperatures. The tires are only marketed in the Middle East and were designed with the climatic conditions of that region in mind. The manufacturer is pursuing a ________ strategy.

(Multiple Choice)

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Question 4

List and describe the different methods of international expansion. Arrange the methods according to the level of foreign involvement and investment and subsequent degree of risk starting from the least to the highest.

(Essay)

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Question 5

Jessie's law firm has a formal document that defines a zero-tolerance attitude toward sexual harassment and the consequences of any violations. This is a

(Multiple Choice)

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Question 6

________ is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

(Multiple Choice)

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Question 7

A company creates a document in which it identifies internal and external conditions that affect planning. This is known as a competitive analysis.

(True/False)

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Question 8

The planning process is complete when appropriate business and corporate strategies are selected that allow an organization to attain its mission and goals.

(True/False)

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Question 9

Within 30 days of receiving a gift valued over $50 from a client, sales representatives in the company are required to submit a written disclosure. This is an example of a

(Multiple Choice)

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Question 10

When employees buy into a corporate vision and model their behavior on an executive who compels them to undertake the hard work necessary to achieve big goals, the executive is exhibiting effective

(Multiple Choice)

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Question 11

According to Henri Fayol, an effective plan should have the qualities of unity, continuity, accuracy, and

(Multiple Choice)

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Question 12

Each department within an organization should develop a ________ strategy to outline how the department will improve its ability to perform task-specific activities in ways that add value to the organization's goods and services.

(Multiple Choice)

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Question 13

The airlines sold fewer tickets to business travelers during the "Great Recession" due to more companies using video conferencing software to save money. According to the five forces model, this type of threat is called the

(Multiple Choice)

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Question 14

According to an organization's SWOT analysis, a strength of the organization is

(Multiple Choice)

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Question 15

A(n)________ strategy is selling the same standardized product and using the same basic marketing approach in each national market.

(Multiple Choice)

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Question 16

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes. This is called

(Multiple Choice)

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Question 17

According to Henri Fayol, effective plans should have the qualities of unity, continuity, accuracy, and flexibility. Describe each quality in the context of planning and provide an example where the lack of that quality would be a problem for an organization.

(Essay)

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Question 18

A ________ is a type of strategic alliance characterized by the creation of a new organization where ownership is shared by two or more companies.

(Multiple Choice)

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Question 19

Prior to defining an organization's missions and goals, managers must

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Question 20

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Jerrod's company provides a policy document to every new employee that details procedures for time tracking, requesting vacation, and managing 401K enrollment cycles. This document is an example of a ________ plan.

It is important that managers consider previous plans and make ongoing modifications that ensure plans at all levels fit together into one framework to achieve

List and describe the principal corporate-level strategies that managers can use to help a company maintain or grow its position in an industry or reorganize to stop a decline.

A multinational tire manufacturer introduces a line of premium, high-priced tires that can handle extreme temperatures. The tires are only marketed in the Middle East and were designed with the climatic conditions of that region in mind. The manufacturer is pursuing a ________ strategy.

List and describe the different methods of international expansion. Arrange the methods according to the level of foreign involvement and investment and subsequent degree of risk starting from the least to the highest.

Jessie's law firm has a formal document that defines a zero-tolerance attitude toward sexual harassment and the consequences of any violations. This is a

________ is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

A company creates a document in which it identifies internal and external conditions that affect planning. This is known as a competitive analysis.

The planning process is complete when appropriate business and corporate strategies are selected that allow an organization to attain its mission and goals.

Within 30 days of receiving a gift valued over $50 from a client, sales representatives in the company are required to submit a written disclosure. This is an example of a

When employees buy into a corporate vision and model their behavior on an executive who compels them to undertake the hard work necessary to achieve big goals, the executive is exhibiting effective

According to Henri Fayol, an effective plan should have the qualities of unity, continuity, accuracy, and

Each department within an organization should develop a ________ strategy to outline how the department will improve its ability to perform task-specific activities in ways that add value to the organization's goods and services.

The airlines sold fewer tickets to business travelers during the "Great Recession" due to more companies using video conferencing software to save money. According to the five forces model, this type of threat is called the

According to an organization's SWOT analysis, a strength of the organization is

A(n)________ strategy is selling the same standardized product and using the same basic marketing approach in each national market.

There is constant, fierce competition between telecommunication companies due to the continuous advances in mobile technology and a wide range of customer tastes. This is called

According to Henri Fayol, effective plans should have the qualities of unity, continuity, accuracy, and flexibility. Describe each quality in the context of planning and provide an example where the lack of that quality would be a problem for an organization.

A ________ is a type of strategic alliance characterized by the creation of a new organization where ownership is shared by two or more companies.

Prior to defining an organization's missions and goals, managers must

Managers and Managing

The Evolution of Management Thought

Values Attitudes, Emotions, and Culture: the Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Value Chain Management Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Using Advanced Information Technology to Increase Performance

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