Question 1

When one hears terms like "acquisition," "merger," and "global expansion," the underlying master strategy is most likely to be one of _____.

Accepted Answer

A)  growth 
B)  retrenchment 
C)  downsizing 
D)  turnaround 
E)  restructuring 
A)  growth 
B)  retrenchment 
C)  downsizing 
D)  turnaround 
E)  restructuring A

Question 2

The BCG Matrix recommends making further resource investments in Dogs.

Accepted Answer

A) True 
 B)False  False

Question 3

Businesses or products with high market shares in high-growth markets are referred to as _____ in the BCG Matrix.

Accepted Answer

A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples 
A)  Cash Cows 
B)  Stars 
C)  Question Marks 
D)  Dogs 
E)  Apples B

Question 4

A differentiation strategy typically seeks competitive advantage by:

Accepted Answer

A)  offering products that are unique and different from the competition. 
B)  operating with lower costs than competitors. 
C)  continuously improving operating efficiencies in purchasing. 
D)  controlling and monitoring the performance of top management. 
E)  including key persons in strategic planning. 
A)  offering products that are unique and different from the competition. 
B)  operating with lower costs than competitors. 
C)  continuously improving operating efficiencies in purchasing. 
D)  controlling and monitoring the performance of top management. 
E)  including key persons in strategic planning.

Question 5

Competitive advantage is the ability to do something so well that one outperforms competitors.

Accepted Answer

A) True 
 B)False

Question 6

Corporate ____ is the system of control and performance monitoring of top management.

Accepted Answer

The answer of Corporate ____ is the system of control...

Question 7

The Stars in a BCG matrix typically:

Accepted Answer

A)  produce large profits through substantial penetration of expanding markets. 
B)  produce low profits and limited cash flow, but with little upside potential. 
C)  may not generate much profit at the moment, but have upside potential to do so. 
D)  produce little if any profit, and have low potential for future improvement. 
E)  generate high profit for a short span of time and then become inactive. 
A)  produce large profits through substantial penetration of expanding markets. 
B)  produce low profits and limited cash flow, but with little upside potential. 
C)  may not generate much profit at the moment, but have upside potential to do so. 
D)  produce little if any profit, and have low potential for future improvement. 
E)  generate high profit for a short span of time and then become inactive.

Question 8

Which of the following best describes a strategy?

Accepted Answer

A)  It is a comprehensive plan guiding resource allocation to achieve long-term organization goals. 
B)  It is the same as the mission of the organization. 
C)  It is the document expressing the organization's reason for existence in society. 
D)  It is the predominant value system of the organization as a whole. 
E)  It is a special strength that gives an organization a competitive advantage. 
A)  It is a comprehensive plan guiding resource allocation to achieve long-term organization goals. 
B)  It is the same as the mission of the organization. 
C)  It is the document expressing the organization's reason for existence in society. 
D)  It is the predominant value system of the organization as a whole. 
E)  It is a special strength that gives an organization a competitive advantage.

Question 9

If a company focuses on meeting customer needs and maintaining loyalty, the company is typically operating with the ____ objective.

Accepted Answer

A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality 
A)  Customer service 
B)  Human talent 
C)  Innovation 
D)  Market share 
E)  Product quality

Question 10

_____ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of organizational strategies.

Accepted Answer

A)  Freeriding 
B)  Scientific management 
C)  Strategic leadership 
D)  Social loafing 
E)  Groupthink 
A)  Freeriding 
B)  Scientific management 
C)  Strategic leadership 
D)  Social loafing 
E)  Groupthink

Question 11

Competitive ___ is the ability to do something so well that one outperforms competitors.

Accepted Answer

advantage,

Question 12

Aries is a new company in the laundry detergent market, which already has many competitors. Researchers at Aries have devised a new, cost-efficient formula for manufacturing detergents that has made it possible for the company to charge less than its competitors and still make a profit. The strategy used by Aries is that of _____.

Accepted Answer

A)  cost leadership 
B)  stuck-in-the-middle 
C)  focused differentiation 
D)  differentiation 
E)  co-opetition 
A)  cost leadership 
B)  stuck-in-the-middle 
C)  focused differentiation 
D)  differentiation 
E)  co-opetition

Question 13

_____ is the predominant value system for the enterprise as a whole.

Accepted Answer

A)  Organizational culture 
B)  Corporate subculture 
C)  Managerial value system 
D)  Functional culture 
E)  Leadership value system 
A)  Organizational culture 
B)  Corporate subculture 
C)  Managerial value system 
D)  Functional culture 
E)  Leadership value system

Question 14

If there are many competitors and the barriers to entry are low, the:

Accepted Answer

A)  industry is attractive. 
B)  industry is unattractive. 
C)  customers have low bargaining power. 
D)  industry is mature. 
E)  industry is not mature. 
A)  industry is attractive. 
B)  industry is unattractive. 
C)  customers have low bargaining power. 
D)  industry is mature. 
E)  industry is not mature.

Question 15

Which of the following is a defining characteristic of the transnational strategy?

Accepted Answer

A)  It involves working with rivals on projects of mutual benefit. 
B)  It seeks efficiencies of global operations with attention to local markets. 
C)  It tries to fix specific performance problems within the organization. 
D)  It involves expansion of the organization's current operations. 
E)  It analyzes business opportunities according to market growth rate. 
A)  It involves working with rivals on projects of mutual benefit. 
B)  It seeks efficiencies of global operations with attention to local markets. 
C)  It tries to fix specific performance problems within the organization. 
D)  It involves expansion of the organization's current operations. 
E)  It analyzes business opportunities according to market growth rate.

Question 16

Why is corporate governance essential in an organization?

Accepted Answer

A)  To downsize the workforce so as to earn less cost of production 
B)  To ensure that the strategic management is successful 
C)  To criticize and condone the status quo 
D)  To be compliant and uncritical in endorsing all management decisions 
E)  To avoid rigorous oversight and accountability 
A)  To downsize the workforce so as to earn less cost of production 
B)  To ensure that the strategic management is successful 
C)  To criticize and condone the status quo 
D)  To be compliant and uncritical in endorsing all management decisions 
E)  To avoid rigorous oversight and accountability

Question 17

What is an advantage of a SWOT analysis?

Accepted Answer

A)  It deliberates on the optimum use of organizational resources. 
B)  It gives an organization a competitive advantage. 
C)  It is an external analysis of environmental opportunities and threats. 
D)  It analysis the external factors that give way to organizational weaknesses. 
E)  It defines specific objectives that an organization must accomplish. 
A)  It deliberates on the optimum use of organizational resources. 
B)  It gives an organization a competitive advantage. 
C)  It is an external analysis of environmental opportunities and threats. 
D)  It analysis the external factors that give way to organizational weaknesses. 
E)  It defines specific objectives that an organization must accomplish.

Question 18

One of the differences between Stars and Cash cows is that:

Accepted Answer

A)  Cash Cows produce high profits. 
B)  the strategy for Cash Cows is retrenchment. 
C)  Cash Cows have little upside potential. 
D)  Cash Cows can easily penetrate expanding markets. 
E)  the strategy for Cash Cows is growth. 
A)  Cash Cows produce high profits. 
B)  the strategy for Cash Cows is retrenchment. 
C)  Cash Cows have little upside potential. 
D)  Cash Cows can easily penetrate expanding markets. 
E)  the strategy for Cash Cows is growth.

Question 19

Which of the following is true about oligopoly?

Accepted Answer

A)  There are several direct competitors. 
B)  It ensures that there is no competition for resources. 
C)  There are only a few competitors. 
D)  It is seen most often in the fast foods industry. 
E)  There are many substitute products. 
A)  There are several direct competitors. 
B)  It ensures that there is no competition for resources. 
C)  There are only a few competitors. 
D)  It is seen most often in the fast foods industry. 
E)  There are many substitute products.

Question 20

What are the terms on which Porter based his model for choosing competitive strategies? What are the three competitive strategies cited by Porter?

Accepted Answer

Porter frames the strategy analysis in t

When one hears terms like "acquisition," "merger," and "global expansion," the underlying master strategy is most likely to be one of _____.

The BCG Matrix recommends making further resource investments in Dogs.

Businesses or products with high market shares in high-growth markets are referred to as _____ in the BCG Matrix.

A differentiation strategy typically seeks competitive advantage by:

Competitive advantage is the ability to do something so well that one outperforms competitors.

Corporate ____ is the system of control and performance monitoring of top management.

The Stars in a BCG matrix typically:

Which of the following best describes a strategy?

If a company focuses on meeting customer needs and maintaining loyalty, the company is typically operating with the ____ objective.

_____ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of organizational strategies.

Competitive ___ is the ability to do something so well that one outperforms competitors.

_____ is the predominant value system for the enterprise as a whole.

If there are many competitors and the barriers to entry are low, the:

Which of the following is a defining characteristic of the transnational strategy?

Why is corporate governance essential in an organization?

What is an advantage of a SWOT analysis?

One of the differences between Stars and Cash cows is that:

Which of the following is true about oligopoly?

What are the terms on which Porter based his model for choosing competitive strategies? What are the three competitive strategies cited by Porter?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 10: Strategy and Strategic Management

When one hears terms like "acquisition," "merger," and "global expansion," the underlying master strategy is most likely to be one of _____.

The BCG Matrix recommends making further resource investments in Dogs.

Businesses or products with high market shares in high-growth markets are referred to as _____ in the BCG Matrix.

A differentiation strategy typically seeks competitive advantage by:

Competitive advantage is the ability to do something so well that one outperforms competitors.

Corporate ____ is the system of control and performance monitoring of top management.

The Stars in a BCG matrix typically:

Which of the following best describes a strategy?

If a company focuses on meeting customer needs and maintaining loyalty, the company is typically operating with the ____ objective.

_____ is the capability to inspire people to successfully engage in a process of continuous change, performance enhancement, and implementation of organizational strategies.

Competitive ___ is the ability to do something so well that one outperforms competitors.

_____ is the predominant value system for the enterprise as a whole.

If there are many competitors and the barriers to entry are low, the:

Which of the following is a defining characteristic of the transnational strategy?

Why is corporate governance essential in an organization?

What is an advantage of a SWOT analysis?

One of the differences between Stars and Cash cows is that:

Which of the following is true about oligopoly?

What are the terms on which Porter based his model for choosing competitive strategies? What are the three competitive strategies cited by Porter?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters