Question 1

Examples of business strategy include all the following EXCEPT:

Accepted Answer

A)  Help keep existing customers 
B)  Grow its business by moving into new markets and taking customers from competitors 
C)  Determine how to keep profit level demanded by the stock market 
D)  Looking at the organization as a portfolio 
A)  Help keep existing customers 
B)  Grow its business by moving into new markets and taking customers from competitors 
C)  Determine how to keep profit level demanded by the stock market 
D)  Looking at the organization as a portfolio

Question 2

How has Southwest Airlines combined cost-cutting measures with differentiation?

Accepted Answer

The company has been able to reduce cost

Question 3

For a differentiation strategy to be effective, the product difference should NOT be based on:

Accepted Answer

A)  Product design 
B)  Method of distribution 
C)  Price 
D)  Broad market group of consumers 
A)  Product design 
B)  Method of distribution 
C)  Price 
D)  Broad market group of consumers

Question 4

What are the two primary external analysis tools discussed in the text ion 2

Accepted Answer

The two primary tool

Question 5

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

Accepted Answer

competitiv

Question 6

In the value chain, which of the following activities is deemed to add direct value to a firm?

Accepted Answer

A)  Strategic Planning 
B)  Recruitment 
C)  Service 
D)  Procurement 
A)  Strategic Planning 
B)  Recruitment 
C)  Service 
D)  Procurement

Question 7

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market.
Short

Accepted Answer

differenti

Question 8

The particular bundles of resources and capabilities that provide unique advantages to the firm are considered ___________________.

Accepted Answer

The answer of The particular bundles of resources and capabilities...

Question 9

By exploiting internal resources and capabilities and meeting the demanding standards of global competition, firms create value for customers.

Accepted Answer

A) True 
 B)False

Question 10

Planning starts with vision and mission, and concludes with strategizing.

Accepted Answer

A) True 
 B)False

Question 11

What happens in the industry when firms attempt to maximize their productive capacity ion 6

Accepted Answer

Excess capacity is created on an industr

Question 12

Cost leadership is a low-cost, broad-based market strategy.

Accepted Answer

A) True 
 B)False

Question 13

Owning resources which do not meet the VRIO test of value puts the firm at a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 14

The primary determinant of realized strategy is what Mintzberg terms emergent strategy.

Accepted Answer

A) True 
 B)False

Question 15

________________ is seen when an organization is very clear about its mission and vision, and has a coherent, well-articulated strategy for achieving those.

Accepted Answer

The answer of ________________ is seen when an organization is...

Question 16

A resource that is difficult to imitate, or create ready substitutes for is called ________________.

Accepted Answer

The answer of A resource that is difficult to imitate,...

Question 17

Within the strategic plans that are decided, divisional and business unit managers do not have considerable freedom to adjust, adapt, and experiment.

Accepted Answer

A) True 
 B)False

Question 18

What questions do corporate and business strategies answer?

Accepted Answer

Corporate and business strateg

Question 19

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

Accepted Answer

The answer of According to the strategy diamond, if arenas...

Question 20

_____________ growth refers to any growth from takeovers, acquisitions, or mergers.
Short

Accepted Answer

The answer of _____________ growth refers to any growth from...

Examples of business strategy include all the following EXCEPT:

How has Southwest Airlines combined cost-cutting measures with differentiation?

For a differentiation strategy to be effective, the product difference should NOT be based on:

What are the two primary external analysis tools discussed in the text ion 2

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

In the value chain, which of the following activities is deemed to add direct value to a firm?

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market. Short

The particular bundles of resources and capabilities that provide unique advantages to the firm are considered ___________________.

By exploiting internal resources and capabilities and meeting the demanding standards of global competition, firms create value for customers.

Planning starts with vision and mission, and concludes with strategizing.

What happens in the industry when firms attempt to maximize their productive capacity ion 6

Cost leadership is a low-cost, broad-based market strategy.

Owning resources which do not meet the VRIO test of value puts the firm at a competitive advantage.

The primary determinant of realized strategy is what Mintzberg terms emergent strategy.

________________ is seen when an organization is very clear about its mission and vision, and has a coherent, well-articulated strategy for achieving those.

A resource that is difficult to imitate, or create ready substitutes for is called ________________.

Within the strategic plans that are decided, divisional and business unit managers do not have considerable freedom to adjust, adapt, and experiment.

What questions do corporate and business strategies answer?

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

_____________ growth refers to any growth from takeovers, acquisitions, or mergers. Short

Introduction to Principles of Management

History, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Motivating Employees

Strategic Management

Leading People and Organizations

Organizational Culture

Organizational Structure and Change

Decision Making

Communication in Organizations

Managing Groups and Teams

The Essentials of Control

Goals and Objectives

Strategic Human Resource Management

Filters

Exam 5: Developing Mission, Vision, and Values

Examples of business strategy include all the following EXCEPT:

How has Southwest Airlines combined cost-cutting measures with differentiation?

For a differentiation strategy to be effective, the product difference should NOT be based on:

What are the two primary external analysis tools discussed in the text ion 2

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

In the value chain, which of the following activities is deemed to add direct value to a firm?

A ________________ strategy is the marketing of a differentiated product to a narrow market, often involving a unique product and a unique market. Short

The particular bundles of resources and capabilities that provide unique advantages to the firm are considered ___________________.

By exploiting internal resources and capabilities and meeting the demanding standards of global competition, firms create value for customers.

Planning starts with vision and mission, and concludes with strategizing.

What happens in the industry when firms attempt to maximize their productive capacity ion 6

Cost leadership is a low-cost, broad-based market strategy.

Owning resources which do not meet the VRIO test of value puts the firm at a competitive advantage.

The primary determinant of realized strategy is what Mintzberg terms emergent strategy.

________________ is seen when an organization is very clear about its mission and vision, and has a coherent, well-articulated strategy for achieving those.

A resource that is difficult to imitate, or create ready substitutes for is called ________________.

Within the strategic plans that are decided, divisional and business unit managers do not have considerable freedom to adjust, adapt, and experiment.

What questions do corporate and business strategies answer?

According to the strategy diamond, if arenas and differentiators show where you want to go, then ________ communicate how the strategy will get you there.

_____________ growth refers to any growth from takeovers, acquisitions, or mergers. Short

Introduction to Principles of Management

History, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Motivating Employees

Strategic Management

Leading People and Organizations

Organizational Culture

Organizational Structure and Change

Decision Making

Communication in Organizations

Managing Groups and Teams

The Essentials of Control

Goals and Objectives

Strategic Human Resource Management

Filters