Exam 8: Strategy Formulation and Implementation
Exam 1: Managing in Turbulent Times174 Questions
Exam 2: The Evolution of Management Thinking179 Questions
Exam 3: The Environment and Corporate Culture167 Questions
Exam 4: Managing in a Global Environment192 Questions
Exam 5: Ethics and Social Responsibility178 Questions
Exam 6: Managing Small Business Start-Ups145 Questions
Exam 7: Managerial Planning and Goal Setting151 Questions
Exam 8: Strategy Formulation and Implementation162 Questions
Exam 9: Managerial Decision Making153 Questions
Exam 10: Designing Adaptive Organizations232 Questions
Exam 11: Managing Change and Innovation171 Questions
Exam 12: Human Resource Management162 Questions
Exam 13: Meeting the Challenge of Diversity126 Questions
Exam 14: Dynamics of Behavior in Organizations152 Questions
Exam 15: Leadership155 Questions
Exam 16: Motivation182 Questions
Exam 17: Communication155 Questions
Exam 18: Teamwork213 Questions
Exam 19: Managerial and Quality Control157 Questions
Exam 20: Information Technology and E-Business130 Questions
Exam 21: Operations and Value Chain Management145 Questions
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Scenario - QT.com
Faced with rapidly growing business, Quick Trade, Inc., a global brokerage company with the largest market share, recently announced that they have established an on-line stock investment and trading subsidiary, QT.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.
-Quick Trade's traditional brokerage business could be classified as a
(Multiple Choice)
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Front-line mangers have the final responsibility for strategic planning.
(True/False)
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When a company develops a special relationship with a key supplier that eliminate intermediaries by sharing complete information it is called:
(Multiple Choice)
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Toy Trains, Inc. just introduced a new line of trains. This action is consistent with the grand strategy of
(Multiple Choice)
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____________________ can be promoted internally by investing in expansion or externally by acquiring additional business divisions.
(Short Answer)
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To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?
(Multiple Choice)
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Briefly describe the different cooperative strategies using the continuum of cooperative strategies.
(Essay)
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The BCG matrix organizes along which of the following dimensions?
(Multiple Choice)
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The question How do we support the business-level competitive strategy? concerns _________________________ strategy.
(Short Answer)
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Portfolio strategy pertains to the mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation.
(True/False)
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Some people argue that __________ is the most difficult and most important part of strategic management.
(Multiple Choice)
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According to the BCG Matrix, the question mark exists in a new, rapidly growing industry but has only a small market share.
(True/False)
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Value refers to the combination of benefits received and costs paid by the customer.
(True/False)
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Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?
(Multiple Choice)
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In BCG Matrix, the circle size represents the relative profit made by each business in the company's portfolio.
(True/False)
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A strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries is referred to as a
(Multiple Choice)
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Compare and contrast the three levels of strategy in an organization.
(Essay)
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Which of these typically includes a search for SWOT that affect organizational performance?
(Multiple Choice)
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