Question 1

The transnational strategy handles markets independently for each country.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

The _____ function recruits selects, trains, transfers, promotes, and lays off employees to achieve 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 6

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 7

For the social networking site Facebook, technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 8

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Accepted Answer

Strategy f

Question 9

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

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 10

Which of these is true about the cash cow?

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 11

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Accepted Answer

A) True 
 B)False

Question 12

Differentiate between strategy formulation and strategy implementation.

Accepted Answer

Strategy formulation includes the planni

Question 13

In strategy implementation, leadership is the ability to influence people to adopt the new behaviors needed.

Accepted Answer

A) True 
 B)False

Question 14

When Coca-Cola introduced Surge, a new citrus soft-drink, what type of strategy was being pursued?

Accepted Answer

A)  Functional-level strategy 
B)  Multi-domestic strategy 
C)  Corporate-level strategy 
D)  Retrenchment strategy 
E)  Business-level strategy 
A)  Functional-level strategy 
B)  Multi-domestic strategy 
C)  Corporate-level strategy 
D)  Retrenchment strategy 
E)  Business-level strategy

Question 15

Which of these is true about the dog division?

Accepted Answer

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

Question 16

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

Accepted Answer

A)  Globalization 
B)  Multidomestic 
C)  Export 
D)  Transnational 
E)  Import 
A)  Globalization 
B)  Multidomestic 
C)  Export 
D)  Transnational 
E)  Import

Question 17

The star 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 18

Ford's decision to completely redesign its Ford Taurus can be classified as a:

Accepted Answer

A)  corporate level strategy. 
B)  business level strategy. 
C)  functional level strategy. 
D)  retrenchment strategy. 
E)  stability strategy. 
A)  corporate level strategy. 
B)  business level strategy. 
C)  functional level strategy. 
D)  retrenchment strategy. 
E)  stability strategy.

Question 19

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Accepted Answer

The answer of The plan of action that prescribes resource...

Question 20

_____ level strategy pertains to the major functional departments within the business unit.

Accepted Answer

A)  Operational 
B)  Corporate 
C)  National 
D)  Business 
E)  Functional 
A)  Operational 
B)  Corporate 
C)  National 
D)  Business 
E)  Functional

The transnational strategy handles markets independently for each country.

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

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

Techniques used to monitor external environments include:

The _____ function recruits selects, trains, transfers, promotes, and lays off employees to achieve strategic goals.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

For the social networking site Facebook, technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Which of these is true about the cash cow?

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Differentiate between strategy formulation and strategy implementation.

In strategy implementation, leadership is the ability to influence people to adopt the new behaviors needed.

When Coca-Cola introduced Surge, a new citrus soft-drink, what type of strategy was being pursued?

Which of these is true about the dog division?

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

The star has a:

Ford's decision to completely redesign its Ford Taurus can be classified as a:

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

_____ level strategy pertains to the major functional departments within the business unit.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

The transnational strategy handles markets independently for each country.

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

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

Techniques used to monitor external environments include:

The _____ function recruits selects, trains, transfers, promotes, and lays off employees to achieve strategic goals.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

For the social networking site Facebook, technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

_____ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Which of these is true about the cash cow?

Strategic partnerships are the current trend, rather than mergers and acquisitions.

Differentiate between strategy formulation and strategy implementation.

In strategy implementation, leadership is the ability to influence people to adopt the new behaviors needed.

When Coca-Cola introduced Surge, a new citrus soft-drink, what type of strategy was being pursued?

Which of these is true about the dog division?

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

The star has a:

Ford's decision to completely redesign its Ford Taurus can be classified as a:

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

_____ level strategy pertains to the major functional departments within the business unit.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start Ups and New Ventures

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters