Question 1

Briefly describe the tools for putting strategy into action.

Accepted Answer

The tools for putting strategy into acti

Question 2

The question What business are we in? concerns the _____ strategy.

Accepted Answer

The answer of The question What business are we in?...

Question 3

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants and strategic recommendations.

Accepted Answer

The two dimensions of the matrix are bus

Question 4

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

Accepted Answer

A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Customer differentiation 
E)  Liquidation 
A)  Focus 
B)  Globalization 
C)  Overall cost leadership 
D)  Customer differentiation 
E)  Liquidation

Question 5

In order for companies to remain competitive, their strategies must focus on three things. Describe these three focuses.

Accepted Answer

The three focuses are core competencies,

Question 6

For successful execution, alignment of everyone in the organization must occur.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following strategies for a foreign market would be appropriate when the level for potential global integration is low and will remain that way.

Accepted Answer

A)  Globalization 
B)  Multi domestic 
C)  Export 
D)  Transnational 
E)  Import 
A)  Globalization 
B)  Multi domestic 
C)  Export 
D)  Transnational 
E)  Import

Question 8

How various business units and product lines fit together in a logical way is the essence of:

Accepted Answer

A)  business-level strategy. 
B)  portfolio strategy. 
C)  competitive strategy. 
D)  financial strategy. 
E)  functional strategy. 
A)  business-level strategy. 
B)  portfolio strategy. 
C)  competitive strategy. 
D)  financial strategy. 
E)  functional strategy.

Question 9

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

Accepted Answer

A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multi domestic strategy 
E)  Region design strategy 
A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multi domestic strategy 
E)  Region design strategy

Question 10

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Accepted Answer

A) True 
 B)False

Question 11

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following lists the strategic management process in proper order?

Accepted Answer

A)  Formulate strategy; Evaluate strategy; Perform SWOT analysis; Define new mission/goals; Execute strategy; Control strategy. 
B)  Perform SWOT analysis; Evaluate current mission/goals; Formulate strategy; Execute strategy; Define new mission/goals. 
C)  Evaluate current mission/goals; Define new mission/goals; Formulate strategy; Execute strategy; Perform SWOT analysis. 
D)  Evaluate current mission/goals; Perform SWOT analysis; Define new mission/goals; Formulate strategy; Execute strategy. 
E)  Define new mission/goals; Execute strategy; Formulate strategy; Evaluate new mission/goals; Perform SWOT analysis. 
A)  Formulate strategy; Evaluate strategy; Perform SWOT analysis; Define new mission/goals; Execute strategy; Control strategy. 
B)  Perform SWOT analysis; Evaluate current mission/goals; Formulate strategy; Execute strategy; Define new mission/goals. 
C)  Evaluate current mission/goals; Define new mission/goals; Formulate strategy; Execute strategy; Perform SWOT analysis. 
D)  Evaluate current mission/goals; Perform SWOT analysis; Define new mission/goals; Formulate strategy; Execute strategy. 
E)  Define new mission/goals; Execute strategy; Formulate strategy; Evaluate new mission/goals; Perform SWOT analysis.

Question 13

Name and describe the three types of global strategies.

Accepted Answer

The three types of global strategies are

Question 14

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

Accepted Answer

A) True 
 B)False

Question 15

In a turbulent business climate, managers should focus on strategic stability rather than flexibility.

Accepted Answer

A) True 
 B)False

Question 16

The ability to influence people to adopt the new behaviours needed for strategy implementation is called _____.

Accepted Answer

The answer of The ability to influence people to adopt...

Question 17

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Accepted Answer

A) True 
 B)False

Question 18

Strategic thinking is more important for-profit organizations than for non-profit organizations.

Accepted Answer

A) True 
 B)False

Briefly describe the tools for putting strategy into action.

The question What business are we in? concerns the _____ strategy.

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants and strategic recommendations.

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

In order for companies to remain competitive, their strategies must focus on three things. Describe these three focuses.

For successful execution, alignment of everyone in the organization must occur.

Which of the following strategies for a foreign market would be appropriate when the level for potential global integration is low and will remain that way.

How various business units and product lines fit together in a logical way is the essence of:

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

Which of the following lists the strategic management process in proper order?

Name and describe the three types of global strategies.

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

In a turbulent business climate, managers should focus on strategic stability rather than flexibility.

The ability to influence people to adopt the new behaviours needed for strategy implementation is called _____.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Strategic thinking is more important for-profit organizations than for non-profit organizations.

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

Briefly describe the tools for putting strategy into action.

The question What business are we in? concerns the _____ strategy.

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants and strategic recommendations.

Which marketing strategy could be profitable for an organization when customers are loyal and willing to pay higher prices?

In order for companies to remain competitive, their strategies must focus on three things. Describe these three focuses.

For successful execution, alignment of everyone in the organization must occur.

Which of the following strategies for a foreign market would be appropriate when the level for potential global integration is low and will remain that way.

How various business units and product lines fit together in a logical way is the essence of:

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific customer needs in various countries?

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.

Which of the following lists the strategic management process in proper order?

Name and describe the three types of global strategies.

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

In a turbulent business climate, managers should focus on strategic stability rather than flexibility.

The ability to influence people to adopt the new behaviours needed for strategy implementation is called _____.

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Strategic thinking is more important for-profit organizations than for non-profit organizations.

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