Exam 8: The Manager As a Planner and Strategist

After many years of distributing her clothing through a large chain of department stores, Georgia, a fashion designer, decides to open a boutique to exclusively sell her clothing directly to consumers. Georgia is following a(n)________ strategy.

A computer operating system software manufacturer invests its profits to create newer versions of its operating system software to best leverage the ongoing advances in computer hardware. The company is following a diversification strategy.

________ is a corporate-level strategy in which a company expands its business operations into a new industry that produces inputs for the company's products.

According to the SWOT analysis, an opportunity for a company would be the ability to

A brand of cereal attracts customers by offering the lowest prices among other brands of cereals. The company is using a differentiation strategy.

Most electronic devices allow the users to select which operating language to utilize. Manufacturers do this so that the same electronic device can be supplied and marketed around the world. In this case, the manufacturers are applying a(n)________ strategy.

A cellphone provider establishes production operations in foreign countries to sell its phones in those regions. The operations perform as separate entities without any local direct involvement. These production operations are considered

During a SWOT analysis, Sweet Treats identifies a growing number of local businesses now offering bakery items to customers. This finding would be characterized as a(n)

A technology company decides to redesign key aspects of its products to better leverage the same components and reduce manufacturing overheads. These savings will then facilitate price reductions. What strategy is the company pursuing?

________ plans are useful to control the way employees perform tasks in cases where situations occur repeatedly.

According to Henri Fayol, a plan has ________ when the management team develops a single, well-researched, and effective plan.

The intermediate- and short-term plans created within a work group typically address the ________ goals and strategies of an organization.

The employee handbook expresses an expectation that employees make every attempt to schedule their vacation time around any existing business commitments. This is an example of a

Advanco, which completes in a highly competitive, fluctuating market, uses a(n)________ corporate-level plan so it can make midcourse corrections while keeping its long-term goals in mind.

________ increases costs and forces companies to raise the prices of their products.

Managers use ________ to analyze how to respond effectively to multiple forecasts of future conditions.

According to the five forces model, ________ levels of competition for customers translate to ________ levels of profit in the industry.

________ is the process of developing an action plan that will allow an organization to achieve its goals, while using techniques such as SWOT analysis and the five forces model.

A management team considers the organization's strengths and weaknesses as well as opportunities and threats in its current marketplace. The team is performing a ________ analysis.

A company's annual budget has a(n)________ of one year.