Question 1

Most companies favor related diversification strategies in order to exploit common use of a well-known brand name.

Accepted Answer

A) True 
 B)False

Question 2

What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?

Accepted Answer

A successful cost leadership strategy us

Question 3

According to Porter,strategies allow organizations to gain competitive advantage from three different bases: cost leadership,differentiation and integration.

Accepted Answer

A) True 
 B)False

Question 4

Although bankruptcy can be an effective type of retrenchment strategy,it does not allow firms to avoid major debt obligations and to void union contracts.

Accepted Answer

A) True 
 B)False

Question 5

An acquisition occurs when a large organization purchases a smaller one or vice versa.

Accepted Answer

A) True 
 B)False

Question 6

List some guidelines for when market development would be a particularly good strategy to pursue.

Accepted Answer

Market development would be an effective

Question 7

Strategic objectives include those associated with growth in revenues,growth in earnings,higher dividends,larger profit margins and improved cash flow.

Accepted Answer

A) True 
 B)False

Question 8

Retrenchment would be an effective strategy when an organization

Accepted Answer

A)  has shrunk so quickly that major internal reorganization is needed. 
B)  is one of the stronger competitors in a given industry. 
C)  is plagued by inefficiency, low profitability, poor employee morale and pressure from stockholders to improve performance. 
D)  has decided to capitalize on opportunities, maximize threats, take advantage of strengths and overcome weaknesses. 
E)  does not have a clearly distinctive competence and has failed to meet its objectives and goals consistently over time. 
A)  has shrunk so quickly that major internal reorganization is needed. 
B)  is one of the stronger competitors in a given industry. 
C)  is plagued by inefficiency, low profitability, poor employee morale and pressure from stockholders to improve performance. 
D)  has decided to capitalize on opportunities, maximize threats, take advantage of strengths and overcome weaknesses. 
E)  does not have a clearly distinctive competence and has failed to meet its objectives and goals consistently over time.

Question 9

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

Accepted Answer

A) True 
 B)False

Question 10

"If it ain't broke,don't fix it" refers to managing by crisis.

Accepted Answer

A) True 
 B)False

Question 11

Which level of strategy is most likely not present in small firms?

Accepted Answer

A) Corporate/company 
B)  Functional 
C)  Divisional 
D)  Operational 
E)  All of the above are present in small firms. 
A) Corporate/company 
B)  Functional 
C)  Divisional 
D)  Operational 
E)  All of the above are present in small firms.

Most companies favor related diversification strategies in order to exploit common use of a well-known brand name.

What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?

According to Porter,strategies allow organizations to gain competitive advantage from three different bases: cost leadership,differentiation and integration.

Although bankruptcy can be an effective type of retrenchment strategy,it does not allow firms to avoid major debt obligations and to void union contracts.

An acquisition occurs when a large organization purchases a smaller one or vice versa.

List some guidelines for when market development would be a particularly good strategy to pursue.

Strategic objectives include those associated with growth in revenues,growth in earnings,higher dividends,larger profit margins and improved cash flow.

Retrenchment would be an effective strategy when an organization

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

"If it ain't broke,don't fix it" refers to managing by crisis.

Which level of strategy is most likely not present in small firms?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics/Social Responsibility/Environmental Sustainability

Global/International Issues

Filters

Exam 5: Strategies in Action

Most companies favor related diversification strategies in order to exploit common use of a well-known brand name.

What are the characteristics of a firm that is successfully pursuing a cost leadership strategy?

According to Porter,strategies allow organizations to gain competitive advantage from three different bases: cost leadership,differentiation and integration.

Although bankruptcy can be an effective type of retrenchment strategy,it does not allow firms to avoid major debt obligations and to void union contracts.

An acquisition occurs when a large organization purchases a smaller one or vice versa.

List some guidelines for when market development would be a particularly good strategy to pursue.

Strategic objectives include those associated with growth in revenues,growth in earnings,higher dividends,larger profit margins and improved cash flow.

Retrenchment would be an effective strategy when an organization

Horizontal integration is an appropriate strategy when the competitors of an organization are doing poorly.

"If it ain't broke,don't fix it" refers to managing by crisis.

Which level of strategy is most likely not present in small firms?

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Strategy Review, Evaluation, and Control

Business Ethics/Social Responsibility/Environmental Sustainability

Global/International Issues

Filters