Question 1

The administration and implementation of the strategic plan is strategy execution.

Accepted Answer

A) True 
 B)False

Question 2

A transnational strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is NOT one of the tools and functions used for putting strategy into action

Accepted Answer

A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability 
A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability

Question 4

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Accepted Answer

A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat 
A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat

Question 5

When properly managed, _____ can create additional value with existing resources, providing a substantial boost to the bottom line.

Accepted Answer

A)  synergy 
B)  competitors 
C)  government contacts 
D)  command structure 
E)  cooperation among customers 
A)  synergy 
B)  competitors 
C)  government contacts 
D)  command structure 
E)  cooperation among customers

Question 6

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Accepted Answer

A) True 
 B)False

Question 7

_____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

Accepted Answer

A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy execution 
D)  Strategy control 
E)  Strategy planning 
A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy execution 
D)  Strategy control 
E)  Strategy planning

Question 8

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment, so as to achieve organizational goals is known as:

Accepted Answer

A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation.

Question 9

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

Accepted Answer

The answer of _____ is a type of corporate-level strategy...

Question 10

People need to understand how their individual actions can contribute to achieving an organizational strategy. This can be accomplished by delegating authority, creating teams and clearly defining roles. These actions are part of which aspect of the following for putting strategy into action

Accepted Answer

A)  Visible leadership 
B)  Candid communication 
C)  Human resources 
D)  Clear roles and accountability 
E)  Bargaining power of employees 
A)  Visible leadership 
B)  Candid communication 
C)  Human resources 
D)  Clear roles and accountability 
E)  Bargaining power of employees

Question 11

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Accepted Answer

A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow 
A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow

Question 12

Techniques used to monitor external environments include:

Accepted Answer

A)  hiring scanning organizations. 
B)  hiring the competitive intelligence professionals. 
C)  government reports. 
D)  professional journals. 
E)  all of the above. 
A)  hiring scanning organizations. 
B)  hiring the competitive intelligence professionals. 
C)  government reports. 
D)  professional journals. 
E)  all of the above.

Question 13

The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  focus 
D)  internal growth 
E)  liquidation 
A)  cost leadership 
B)  differentiation 
C)  focus 
D)  internal growth 
E)  liquidation

Question 14

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

Accepted Answer

A) True 
 B)False

Question 15

The star 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 16

With a multidomestic strategy, a company will achieve the globalization or standardization of marketing and production approaches.

Accepted Answer

A) True 
 B)False

Question 17

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is NOT one of Porter's competitive forces?

Accepted Answer

A)  Potential new entrants 
B)  Bargaining power of suppliers 
C)  Bargaining power of shareholders 
D)  Bargaining power of customers 
E)  Rivalry among competitors 
A)  Potential new entrants 
B)  Bargaining power of suppliers 
C)  Bargaining power of shareholders 
D)  Bargaining power of customers 
E)  Rivalry among competitors

Question 19

Which of the following pertains to the organization as a whole?

Accepted Answer

A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy 
A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy

Question 20

_____ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

Accepted Answer

Strategic

The administration and implementation of the strategic plan is strategy execution.

A transnational strategy seeks to achieve both global integration and national responsiveness.

Which of the following is NOT one of the tools and functions used for putting strategy into action

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

When properly managed, _____ can create additional value with existing resources, providing a substantial boost to the bottom line.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

_____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment, so as to achieve organizational goals is known as:

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

People need to understand how their individual actions can contribute to achieving an organizational strategy. This can be accomplished by delegating authority, creating teams and clearly defining roles. These actions are part of which aspect of the following for putting strategy into action

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Techniques used to monitor external environments include:

The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

The star product has a:

With a multidomestic strategy, a company will achieve the globalization or standardization of marketing and production approaches.

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Which of the following is NOT one of Porter's competitive forces?

Which of the following pertains to the organization as a whole?

_____ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

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 administration and implementation of the strategic plan is strategy execution.

A transnational strategy seeks to achieve both global integration and national responsiveness.

Which of the following is NOT one of the tools and functions used for putting strategy into action

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

When properly managed, _____ can create additional value with existing resources, providing a substantial boost to the bottom line.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

_____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment, so as to achieve organizational goals is known as:

_____ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

People need to understand how their individual actions can contribute to achieving an organizational strategy. This can be accomplished by delegating authority, creating teams and clearly defining roles. These actions are part of which aspect of the following for putting strategy into action

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Techniques used to monitor external environments include:

The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

The star product has a:

With a multidomestic strategy, a company will achieve the globalization or standardization of marketing and production approaches.

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Which of the following is NOT one of Porter's competitive forces?

Which of the following pertains to the organization as a whole?

_____ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

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