Question 1

Corporate-level strategy pertains to the organization as a whole.

Accepted Answer

A) True 
 B)False

Question 2

The human resource department at Paula's Powerwheels is implementing a number of functional level strategies. These strategies include focusing on ways to retain and develop a stable work force and ways to improve efficiency in the organization. These functional-level strategies are consistent with which of the following strategies?

Accepted Answer

A)  Cost leadership 
B)  Differentiation 
C)  New product development 
D)  New market development 
E)  Divestiture 
A)  Cost leadership 
B)  Differentiation 
C)  New product development 
D)  New market development 
E)  Divestiture

Question 3

A(n) _____ strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

The answer of A(n) _____ strategy seeks to achieve both...

Question 4

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 5

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to implement strategy?

Accepted Answer

A)  Leadership 
B)  Structural design 
C)  Human resources 
D)  Information and control systems 
E)  Compensation 
A)  Leadership 
B)  Structural design 
C)  Human resources 
D)  Information and control systems 
E)  Compensation

Question 6

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

Accepted Answer

A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation.

Question 7

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Accepted Answer

A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat 
A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat

Question 8

Gatekeep Utilities is a subsidiary of GW Enterprises. Gatekeep has a mission and product line that is unique from GW. Gatekeep's competitors are also very different from those of its parent, and the subsidiary markets to a very different group of customers. As such, Gatekeep can be described as a(n) _____.

Accepted Answer

A)  product unit 
B)  functional unit 
C)  operational unit 
D)  strategic business unit 
E)  boston consulting group unit 
A)  product unit 
B)  functional unit 
C)  operational unit 
D)  strategic business unit 
E)  boston consulting group unit

Question 9

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...

Question 10

The question How do we compete? concerns _____ strategy.

Accepted Answer

The answer of The question How do we compete? concerns...

Question 11

The purpose of _____ is to expand the firm's business operations to produce new kinds of valuable products and services?

Accepted Answer

A)  retrenchment 
B)  diversification 
C)  liquidation 
D)  cash cow 
E)  internal growth 
A)  retrenchment 
B)  diversification 
C)  liquidation 
D)  cash cow 
E)  internal growth

Question 12

With a(n) _____ strategy, the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n) _____ strategy, the organization concentrates...

Question 13

Decisions regarding the proper amount of advertising for a particular good or service are related to:

Accepted Answer

A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies. 
A)  corporate-level strategies. 
B)  functional-level strategies. 
C)  tactical-level strategies. 
D)  business-level strategies. 
E)  retrenchment strategies.

Question 14

To remain competitive, companies should develop strategies that focus on core competencies, providing synergy, and creating value for _____.

Accepted Answer

A)  customers 
B)  suppliers 
C)  stockholders 
D)  employees 
E)  board members 
A)  customers 
B)  suppliers 
C)  stockholders 
D)  employees 
E)  board members

Question 15

_____ 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

Question 16

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 17

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 18

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Corporate-level strategy pertains to the organization as a whole.

A(n) _____ strategy seeks to achieve both global integration and national responsiveness.

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

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to implement strategy?

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

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

The question How do we compete? concerns _____ strategy.

The purpose of _____ is to expand the firm's business operations to produce new kinds of valuable products and services?

With a(n) _____ strategy, the organization concentrates on a specific regional market or buyer group.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

To remain competitive, companies should develop strategies that focus on core competencies, providing synergy, and creating value for _____.

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

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) _____.

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

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

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

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

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

Corporate-level strategy pertains to the organization as a whole.

A(n) _____ strategy seeks to achieve both global integration and national responsiveness.

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

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to implement strategy?

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

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

The question How do we compete? concerns _____ strategy.

The purpose of _____ is to expand the firm's business operations to produce new kinds of valuable products and services?

With a(n) _____ strategy, the organization concentrates on a specific regional market or buyer group.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

To remain competitive, companies should develop strategies that focus on core competencies, providing synergy, and creating value for _____.

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

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) _____.

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

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

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

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

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters