Question 1

The _____ function recruits selects, trains, transfers, promotes and dismisses employees to facilitate the achievement of strategic goals.

Accepted Answer

A)  production 
B)  leadership 
C)  information and control systems 
D)  structural design 
E)  human resource 
A)  production 
B)  leadership 
C)  information and control systems 
D)  structural design 
E)  human resource

Question 2

Business-level strategies include all of the major functions, including finance, research and development, marketing and manufacturing.

Accepted Answer

A) True 
 B)False

Question 3

The purpose of _____ is to expand the firm's business operations to generate profits from valuable new products and services?

Accepted Answer

A)  retrenchment 
B)  diversification 
C)  liquidation 
D)  cash cow 
E)  internal growth 
A)  retrenchment 
B)  diversification 
C)  liquidation 
D)  cash cow 
E)  internal growth

Question 4

Four of the following are Porter's competitive forces EXCEPT:

Accepted Answer

A)  Differentiation. 
B)  Bargaining power of buyers. 
C)  Bargaining power of suppliers. 
D)  Threat of substitute products. 
E)  Potential new entrants. 
A)  Differentiation. 
B)  Bargaining power of buyers. 
C)  Bargaining power of suppliers. 
D)  Threat of substitute products. 
E)  Potential new entrants.

Question 5

The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:

Accepted Answer

A)  core competence. 
B)  synergy. 
C)  value creation. 
D)  business-level strategy. 
E)  multidomestic strategy. 
A)  core competence. 
B)  synergy. 
C)  value creation. 
D)  business-level strategy. 
E)  multidomestic strategy.

Question 6

The question mark product has a:

Accepted Answer

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

Question 7

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

Accepted Answer

A) True 
 B)False

Question 8

To remain market competitive, companies should develop strategies that focus on core competencies, providing synergy and creating value for _____.

Accepted Answer

A)  customers 
B)  suppliers 
C)  stockholders 
D)  employees 
E)  board members 
A)  customers 
B)  suppliers 
C)  stockholders 
D)  employees 
E)  board members

Question 9

The question How do we support the business-level competitive strategy? concerns _____ strategy.

Accepted Answer

The answer of The question How do we support the...

Question 10

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Accepted Answer

A) True 
 B)False

Question 11

Differentiation, cost leadership and focus are three of Porter's competitive strategies.

Accepted Answer

A) True 
 B)False

Question 12

Briefly discuss Porter's three competitive strategies.

Accepted Answer

Porter identified three competitive stra

Question 13

The transnational strategy handles markets independently for each country.

Accepted Answer

A) True 
 B)False

Question 14

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Accepted Answer

A) True 
 B)False

Question 15

In the BCG matrix, the dog has _____ market share and _____ business growth rate.

Accepted Answer

The answer of In the BCG matrix, the dog has...

Question 16

List the three global corporate strategies.

Accepted Answer

Globalization strate

Question 17

Which of these is mostly true about the cash cow sector of the BCG matrix

Accepted Answer

A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested. 
A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested.

Question 18

Some people argue that _____ is the most difficult and yet is the most important part of strategic management.

Accepted Answer

A)  SWOT analysis 
B)  strategic formation 
C)  strategic execution 
D)  strategic analysis 
E)  strategy evaluation 
A)  SWOT analysis 
B)  strategic formation 
C)  strategic execution 
D)  strategic analysis 
E)  strategy evaluation

Question 19

If ABC International has standardized its product lines throughout the world markets it is pursuing a:

Accepted Answer

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

Question 20

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to facilitate the implementation of corporate strategy?

Accepted Answer

A)  Leadership 
B)  Structural design 
C)  Human resources 
D)  Information and control systems 
E)  Compensation 
A)  Leadership 
B)  Structural design 
C)  Human resources 
D)  Information and control systems 
E)  Compensation

The _____ function recruits selects, trains, transfers, promotes and dismisses employees to facilitate the achievement of strategic goals.

Business-level strategies include all of the major functions, including finance, research and development, marketing and manufacturing.

The purpose of _____ is to expand the firm's business operations to generate profits from valuable new products and services?

Four of the following are Porter's competitive forces EXCEPT:

The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:

The question mark product has a:

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

To remain market competitive, companies should develop strategies that focus on core competencies, providing synergy and creating value for _____.

The question How do we support the business-level competitive strategy? concerns _____ strategy.

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Differentiation, cost leadership and focus are three of Porter's competitive strategies.

Briefly discuss Porter's three competitive strategies.

The transnational strategy handles markets independently for each country.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

In the BCG matrix, the dog has _ market share and _ business growth rate.

List the three global corporate strategies.

Which of these is mostly true about the cash cow sector of the BCG matrix

Some people argue that _____ is the most difficult and yet is the most important part of strategic management.

If ABC International has standardized its product lines throughout the world markets it is pursuing a:

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to facilitate the implementation of corporate strategy?

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

The _____ function recruits selects, trains, transfers, promotes and dismisses employees to facilitate the achievement of strategic goals.

Business-level strategies include all of the major functions, including finance, research and development, marketing and manufacturing.

The purpose of _____ is to expand the firm's business operations to generate profits from valuable new products and services?

Four of the following are Porter's competitive forces EXCEPT:

The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:

The question mark product has a:

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

To remain market competitive, companies should develop strategies that focus on core competencies, providing synergy and creating value for _____.

The question How do we support the business-level competitive strategy? concerns _____ strategy.

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Differentiation, cost leadership and focus are three of Porter's competitive strategies.

Briefly discuss Porter's three competitive strategies.

The transnational strategy handles markets independently for each country.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

In the BCG matrix, the dog has _____ market share and _____ business growth rate.

List the three global corporate strategies.

Which of these is mostly true about the cash cow sector of the BCG matrix

Some people argue that _____ is the most difficult and yet is the most important part of strategic management.

If ABC International has standardized its product lines throughout the world markets it is pursuing a:

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to facilitate the implementation of corporate strategy?

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

In the BCG matrix, the dog has _ market share and _ business growth rate.