Exam 4: The Competitive Environment

When organizations close operations, shut down factories, terminate employees, and take other actions to scale back current operations, it is referred to as a _____ strategy.

Stability strategy essentially maintains the status quo.

Which of the following strategies is pursued by an organization made up of various businesses with similar products or services?

Scenario 4.1 T&P Corporation is a transnational company with four distinct businesses, including a national music and video store chain, a rap music production company, a talent agency that represents several famous rap stars, and a digital video disc (DVD) production facility that makes and records music videos on DVDs.T&Pis in the process of acquiring another company, its major music store rival ReBop Records.Because its rap stars are so famous, T&Pcharges crazed fans a higher price for its music compact discs and DVD videos.The fans don't mind, as they often have the opportunity to meet the rap stars in person at various T&P music stores throughout the year.T&Phas a policy of promotion from within as well as a no-layoff policy, and all managers are required to rotate through each business before they can be promoted. -Refer to Scenario 4.1.Which organizational form or design is T&Plikely to have adopted?

Briefly explain the influence of organizational purpose and mission.

A prospectorstrategy works well in an environment where there is little change or uncertainty.

Unrelated diversification occurs when an organization expand into products that are similar to its current ones.

An individual's reactions to environmental factors that present excessive demands is called _____.

Anorganization's _____ is its basic reason for existence.

In the context of human resource management, companies can establish a competitive advantage by: