Exam 8: Strategy Formulation and Execution

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

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

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

The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

In order for companies to remain competitive, their strategies must focus on three things. Describe these three focuses.

List the four components of a SWOT analysis.

For successful execution, alignment of everyone in the organization must occur.

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Briefly describe the tools for putting strategy into action.

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) _____.

Diversification is a strategy of moving into new lines of business.

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

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

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors, customers, suppliers, and the labor supply.

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

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

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

General Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company's revenues comes from U.S. sales, although about ten percent of the company's revenue come from sales to Canada. General Products Inc. can best be described as using which global corporate strategy?

Scenario - SS.com Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that it has established an on-line stock investment and trading subsidiary, SS.com, where investors can trade stocks at the lowest rates in the industry. The .com subsidiary has less than one percent market share but it faces a very high business growth rate. In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates. -If Swift Stock's traditional brokerage business were to face a declining business growth, it may need to be reclassified as a _____.

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