Question 1

It is argued that _____ is the most difficult and most important part of strategic management.

Accepted Answer

strategic execution

Question 2

The world-wide standardization of product design and advertising refers to globalization.

Accepted Answer

A) True 
 B)False  True

Question 3

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

Accepted Answer

synergy

Question 4

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Accepted Answer

A) True 
 B)False

Question 5

Differentiate between strategy formulation and strategy implementation.

Accepted Answer

Strategy formulation includes the planni

Question 6

Which of these is true about the dog division?

Accepted Answer

A)  It has a large market share in a rapidly growing industry. 
B)  It has a large market share in a slow growth industry. 
C)  It has a small market share in a rapidly growing industry. 
D)  It has a small share of a slow growth market. 
E)  It has a moderate market share in a rapidly growing industry. 
A)  It has a large market share in a rapidly growing industry. 
B)  It has a large market share in a slow growth industry. 
C)  It has a small market share in a rapidly growing industry. 
D)  It has a small share of a slow growth market. 
E)  It has a moderate market share in a rapidly growing industry.

Question 7

A director of finance would most likely be interested in executing functional level strategies.

Accepted Answer

A) True 
 B)False

Question 8

Compare and contrast the three levels of strategy in an organization.

Accepted Answer

There are three levels of strategy in an

Question 9

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors, customers, suppliers and the labour supply.

Accepted Answer

A) True 
 B)False

Question 10

The assumption that a single global market exists would encourage a corporate :

Accepted Answer

A)  globalization strategy. 
B)  multidomestic strategy. 
C)  diversity strategy. 
D)  domestic strategy. 
E)  liquidation strategy. 
A)  globalization strategy. 
B)  multidomestic strategy. 
C)  diversity strategy. 
D)  domestic strategy. 
E)  liquidation strategy.

Question 11

In strategy implementation, leadership is the ability to influence people to adopt the new behaviours needed.

Accepted Answer

A) True 
 B)False

Question 12

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

Accepted Answer

A) True 
 B)False

Question 13

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Accepted Answer

Strategy f

Question 14

A corporate-level strategy is most concerned with the question of:

Accepted Answer

A)  what business are we in? 
B)  how do we compete? 
C)  how do we support our chosen strategy? 
D)  where do we market our products? 
E)  should we promote from within? 
A)  what business are we in? 
B)  how do we compete? 
C)  how do we support our chosen strategy? 
D)  where do we market our products? 
E)  should we promote from within?

Question 15

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Accepted Answer

The answer of The acquisition of a business that is...

Question 16

Unrelated diversification occurs when an organization expands into a totally new line of business.

Accepted Answer

A) True 
 B)False

Question 17

When an organization expands into a totally new line of business, it is implementing a strategy of:

Accepted Answer

A)  Related diversification 
B)  Unrelated diversification 
C)  Cross-functional diversification 
D)  Product line diversification 
E)  Industry diversification 
A)  Related diversification 
B)  Unrelated diversification 
C)  Cross-functional diversification 
D)  Product line diversification 
E)  Industry diversification

Question 18

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  Horizontal integration 
B)  Vertical integration 
C)  Unrelated diversification 
D)  Related diversification 
E)  Strategic partnership 
A)  Horizontal integration 
B)  Vertical integration 
C)  Unrelated diversification 
D)  Related diversification 
E)  Strategic partnership

Question 20

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

Accepted Answer

The answer of The _____ strategy involves an attempt to...

It is argued that _____ is the most difficult and most important part of strategic management.

The world-wide standardization of product design and advertising refers to globalization.

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Differentiate between strategy formulation and strategy implementation.

Which of these is true about the dog division?

A director of finance would most likely be interested in executing functional level strategies.

Compare and contrast the three levels of strategy in an organization.

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors, customers, suppliers and the labour supply.

The assumption that a single global market exists would encourage a corporate :

In strategy implementation, leadership is the ability to influence people to adopt the new behaviours needed.

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

A corporate-level strategy is most concerned with the question of:

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Unrelated diversification occurs when an organization expands into a totally new line of business.

When an organization expands into a totally new line of business, it is implementing a strategy of:

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

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

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

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

It is argued that _____ is the most difficult and most important part of strategic management.

The world-wide standardization of product design and advertising refers to globalization.

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Differentiate between strategy formulation and strategy implementation.

Which of these is true about the dog division?

A director of finance would most likely be interested in executing functional level strategies.

Compare and contrast the three levels of strategy in an organization.

The task environment sectors are the most relevant to strategic behaviour and include the behaviour of competitors, customers, suppliers and the labour supply.

The assumption that a single global market exists would encourage a corporate :

In strategy implementation, leadership is the ability to influence people to adopt the new behaviours needed.

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

A corporate-level strategy is most concerned with the question of:

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Unrelated diversification occurs when an organization expands into a totally new line of business.

When an organization expands into a totally new line of business, it is implementing a strategy of:

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

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

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

Introduction to Management

The Evolution of Management Thinking

The Organization and Corporate Culture

The Dynamics of Alternative Organizational Forms

Managing in a Global Environment

Managing Ethics and Social Corporate Governance

Managerial Planning and Goal Setting

Managerial Decision Making

Managing Small Business Start-Ups

Managing Change and Innovation

Managing Corporate Diversity

Leadership

Managing Human Resources

Managing Communication

Leading Teams

Managing Quality and Performance

Filters