Question 1

The management of Mugs, Inc. decided on growing slowly and in a controlled fashion. This is consistent with the grand strategy of

Accepted Answer

A)  growth. 
B)  stability. 
C)  divestiture. 
D)  liquidation. 
E)  external growth. 
A)  growth. 
B)  stability. 
C)  divestiture. 
D)  liquidation. 
E)  external growth.

Question 2

According to MANAGER'S SHOPTALK in Chapter 8, all of the following are clues for creating an environment and process conducive to effective strategy implementation EXCEPT:

Accepted Answer

A)  Assume commitment to the strategy 
B)  Devise a clear implementation plan 
C)  Pay attention to culture 
D)  Take advantage of employees' knowledge and skills 
E)  Communicate, communicate, communicate 
A)  Assume commitment to the strategy 
B)  Devise a clear implementation plan 
C)  Pay attention to culture 
D)  Take advantage of employees' knowledge and skills 
E)  Communicate, communicate, communicate

Question 3

Which strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors?

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 4

Barney has been assigned to conduct a situation analysis for his organization, Let's Share, Inc. As part of this assignment, Barney will

Accepted Answer

A)  conduct an external wage survey. 
B)  search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C)  choose a grand strategy for his firm. 
D)  do a cost/benefit analysis. 
E)  develop a mission. 
A)  conduct an external wage survey. 
B)  search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C)  choose a grand strategy for his firm. 
D)  do a cost/benefit analysis. 
E)  develop a mission.

Question 5

Differentiate between strategy formulation and strategy implementation.

Accepted Answer

Strategy formulation includes the planni

Question 6

Which of these can be defined as the combination of benefits received and costs paid by the customer?

Accepted Answer

A)  Organizational benefits 
B)  Value 
C)  Cost-benefit diversity 
D)  Synergy 
E)  Core competence 
A)  Organizational benefits 
B)  Value 
C)  Cost-benefit diversity 
D)  Synergy 
E)  Core competence

Question 7

According to your text, which of the following is a particular strength of Kraft Foods?

Accepted Answer

A)  Marketing 
B)  Finance 
C)  Management 
D)  Production 
E)  R&D 
A)  Marketing 
B)  Finance 
C)  Management 
D)  Production 
E)  R&D

Question 8

Separate entities created with two or more active firms as sponsors are called

Accepted Answer

A)  acquisitions. 
B)  joint ventures. 
C)  strategic business partnering. 
D)  mergers. 
E)  preferred supplier arrangements. 
A)  acquisitions. 
B)  joint ventures. 
C)  strategic business partnering. 
D)  mergers. 
E)  preferred supplier arrangements.

Question 9

Divestiture means selling of a business unit for the cash value of the assets, thus terminating its existence.

Accepted Answer

A) True 
 B)False

Question 10

A transnational strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

A) True 
 B)False

Question 11

If ABC International has standardized its product line throughout the world it is pursuing a

Accepted Answer

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

Question 12

Just-for-You, Inc.'s ability to market its products better than its competitors is an example of its core competence.

Accepted Answer

A) True 
 B)False

Question 13

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 14

The question How do we compete? concerns _________________________ strategy.

Accepted Answer

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

Question 15

With a(n) _________________________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.

Accepted Answer

The answer of With a(n) _________________________ strategy, the organization aggressively...

Question 16

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 17

In strategy implementation, human resources are the ability to influence people to adopt the new behaviors need.

Accepted Answer

A) True 
 B)False

Question 18

According to Unlocking Innovative Solutions Through PEOPLE in Chapter 8, managers and staff members at Four Seasons Hotel can implement ideas on how to improve customer service after asking middle management for an OK.

Accepted Answer

A) True 
 B)False

Question 19

When DuPont and Xerox cooperated to create a separate entity called DX Imaging, Inc., it implemented which of these cooperative strategies?

Accepted Answer

A)  Acquisitions 
B)  Joint ventures 
C)  Strategic business partnering 
D)  Mergers 
E)  Preferred supplier arrangements 
A)  Acquisitions 
B)  Joint ventures 
C)  Strategic business partnering 
D)  Mergers 
E)  Preferred supplier arrangements

Question 20

A(n) _________________________ is the general plan of major action by which an organization intends to achieve its long-term goals.

Accepted Answer

The answer of A(n) _________________________ is the general plan of...

Exam 8: Strategy Formulation and Implementation

The management of Mugs, Inc. decided on growing slowly and in a controlled fashion. This is consistent with the grand strategy of

According to MANAGER'S SHOPTALK in Chapter 8, all of the following are clues for creating an environment and process conducive to effective strategy implementation EXCEPT:

Which strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors?

Barney has been assigned to conduct a situation analysis for his organization, Let's Share, Inc. As part of this assignment, Barney will

Differentiate between strategy formulation and strategy implementation.

Which of these can be defined as the combination of benefits received and costs paid by the customer?

According to your text, which of the following is a particular strength of Kraft Foods?

Separate entities created with two or more active firms as sponsors are called

Divestiture means selling of a business unit for the cash value of the assets, thus terminating its existence.

A transnational strategy seeks to achieve both global integration and national responsiveness.

If ABC International has standardized its product line throughout the world it is pursuing a

Just-for-You, Inc.'s ability to market its products better than its competitors is an example of its core competence.

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

The question How do we compete? concerns _________________________ strategy.

With a(n) _________________________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.

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

In strategy implementation, human resources are the ability to influence people to adopt the new behaviors need.

According to Unlocking Innovative Solutions Through PEOPLE in Chapter 8, managers and staff members at Four Seasons Hotel can implement ideas on how to improve customer service after asking middle management for an OK.

When DuPont and Xerox cooperated to create a separate entity called DX Imaging, Inc., it implemented which of these cooperative strategies?

A(n) _________________________ is the general plan of major action by which an organization intends to achieve its long-term goals.

Managing in Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

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Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

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