Question 1

A director of finance would most likely be interested in executing functional level strategies.

Accepted Answer

A) True 
 B)False

Question 2

It is argued that _____ is the most difficult and most important part of strategic management.

Accepted Answer

The answer of It is argued that _____ is the...

Question 3

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Accepted Answer

A)  Strategy formulation 
B)  Strategy implementation 
C)  Strategy coordination 
D)  Strategy control 
E)  SWOT 
A)  Strategy formulation 
B)  Strategy implementation 
C)  Strategy coordination 
D)  Strategy control 
E)  SWOT

Question 4

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 5

When properly managed, _____ can create additional value with existing resources, providing a big 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

All of the following are Porter's competitive forces except:

Accepted Answer

A)  differentiation. 
B)  bargaining power of buyers. 
C)  bargaining power of suppliers. 
D)  threat of substitute products. 
E)  potential new entrants. 
A)  differentiation. 
B)  bargaining power of buyers. 
C)  bargaining power of suppliers. 
D)  threat of substitute products. 
E)  potential new entrants.

Question 7

Scenario - Theresa Teutul 
Theresa Teutul was an executive with Digital Industries, a leading manufacturer of color televisions. She recognized that the color television market in the late 1970's was facing significant challenges. After two decades of highly successful development and marketing, the sales of color televisions had slowed and replacing older color television sets largely created her market.
-Using the logic of the BCG grid, Theresa should recognize that her strategic business unit was in which quadrant?

Accepted Answer

A)  Star 
B)  Cash Cow 
C)  Question Mark 
D)  Dog 
E)  None of these 
A)  Star 
B)  Cash Cow 
C)  Question Mark 
D)  Dog 
E)  None of these

Question 8

Compare and contrast the three levels of strategy in an organization.

Accepted Answer

There are three levels of strategy in an

Question 9

When AT&T decided to buy Media One, a cable company, it was pursuing a(n) _____ strategy.

Accepted Answer

A)  functional-level 
B)  internal growth 
C)  multi-domestic 
D)  corporate-level 
E)  business-level 
A)  functional-level 
B)  internal growth 
C)  multi-domestic 
D)  corporate-level 
E)  business-level

Question 10

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a(n) _____ strategy.

Accepted Answer

A)  focus 
B)  differentiation 
C)  cost leadership 
D)  multidomestic 
E)  universal strategy 
A)  focus 
B)  differentiation 
C)  cost leadership 
D)  multidomestic 
E)  universal strategy

Question 11

The combination of benefits received and costs paid by the customer refers to value.

Accepted Answer

A) True 
 B)False

Question 12

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Accepted Answer

The answer of The acquisition of a business that is...

Question 13

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as a(n) _____.

Accepted Answer

A)  internal weakness 
B)  external opportunity 
C)  external strength 
D)  internal strength 
E)  neutral factor 
A)  internal weakness 
B)  external opportunity 
C)  external strength 
D)  internal strength 
E)  neutral factor

Question 14

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 15

Organizations with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Question 16

The assumption that a single global market exists would lead to a:

Accepted Answer

A)  globalization strategy. 
B)  multidomestic strategy. 
C)  diversity strategy. 
D)  domestic strategy. 
E)  liquidation strategy. 
A)  globalization strategy. 
B)  multidomestic strategy. 
C)  diversity strategy. 
D)  domestic strategy. 
E)  liquidation strategy.

Question 17

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of which of these?

Accepted Answer

A)  Related diversification 
B)  Unrelated diversification 
C)  Cross-functional diversification 
D)  Product line diversification 
E)  Industry diversification 
A)  Related diversification 
B)  Unrelated diversification 
C)  Cross-functional diversification 
D)  Product line diversification 
E)  Industry diversification

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

Question 19

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

Accepted Answer

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

Question 20

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

Accepted Answer

The answer of When organizational parts interact to produce a...

A director of finance would most likely be interested in executing functional level strategies.

It is argued that _____ is the most difficult and most important part of strategic management.

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

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

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

All of the following are Porter's competitive forces except:

Compare and contrast the three levels of strategy in an organization.

When AT&T decided to buy Media One, a cable company, it was pursuing a(n) _____ strategy.

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a(n) _____ strategy.

The combination of benefits received and costs paid by the customer refers to value.

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as a(n) _____.

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

Organizations with a focus strategy concentrate on a specific regional market or buyer group.

The assumption that a single global market exists would lead to a:

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of which of these?

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

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

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

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

A director of finance would most likely be interested in executing functional level strategies.

It is argued that _____ is the most difficult and most important part of strategic management.

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

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

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

All of the following are Porter's competitive forces except:

Compare and contrast the three levels of strategy in an organization.

When AT&T decided to buy Media One, a cable company, it was pursuing a(n) _____ strategy.

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a(n) _____ strategy.

The combination of benefits received and costs paid by the customer refers to value.

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called _____.

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as a(n) _____.

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

Organizations with a focus strategy concentrate on a specific regional market or buyer group.

The assumption that a single global market exists would lead to a:

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of which of these?

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

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

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, _____ occurs.

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