Question 1

Because of Circuit City's errors in strategy, they have fallen from number one to number three in the consumer electronics retail industry.

Accepted Answer

A) True 
 B)False

Question 2

Stability is also referred to as a pause strategy.

Accepted Answer

A) True 
 B)False

Question 3

The administration and execution of the strategic plan is strategy implementation.

Accepted Answer

A) True 
 B)False

Question 4

Dobson Corporation is continually seeking out new markets and products, and is always on the lookout for acquisition candidates. Dobson is pursuing a grand strategy of

Accepted Answer

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

Question 5

When Coca-Cola introduced Surge, a new citrus soft-drink, it was pursuing a

Accepted Answer

A)  functional-level strategy. 
B)  multi-domestic strategy. 
C)  corporate-level strategy. 
D)  retrenchment strategy. 
E)  business-level strategy. 
A)  functional-level strategy. 
B)  multi-domestic strategy. 
C)  corporate-level strategy. 
D)  retrenchment strategy. 
E)  business-level strategy.

Question 6

The ability to influence people to adopt the new behaviors needed for strategy implementation is called ____________________.

Accepted Answer

The answer of The ability to influence people to adopt...

Question 7

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.
-If Quick Trade's traditional brokerage business were to face a declining business growth, it may need to be reclassified as a

Accepted Answer

A)  cash cow. 
B)  dog. 
C)  star. 
D)  question mark. 
E)  dead business. 
A)  cash cow. 
B)  dog. 
C)  star. 
D)  question mark. 
E)  dead business.

Question 8

Internal growth can include development of new or changed products.

Accepted Answer

A) True 
 B)False

Question 9

"How do we compete?" question concerns functional-level strategy.

Accepted Answer

A) True 
 B)False

Question 10

CASE
Scenario - Darla Davidson
Darla Davidson 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, Darla 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 11

The acquisition of businesses that are related to current product lines or that takes the corporation into new areas is referred to as

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

Structural design typically begins with the organizational chart.

Accepted Answer

A) True 
 B)False

Question 13

Plum Plastics 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

Accepted Answer

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

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Top mangers and chief executives have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 16

When Philip-Morris, the tobacco giant, bought Kraft, Inc., it was pursuing a

Accepted Answer

A)  corporate-level strategy. 
B)  business-level strategy. 
C)  functional-level strategy. 
D)  multidomestic strategy. 
E)  retrenchment strategy. 
A)  corporate-level strategy. 
B)  business-level strategy. 
C)  functional-level strategy. 
D)  multidomestic strategy. 
E)  retrenchment strategy.

Question 17

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

Accepted Answer

Strategy f

Question 18

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

Accepted Answer

The three focuses are core competencies,

Question 19

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

Accepted Answer

The answer of The ____________________ strategy involves an attempt to...

Question 20

The acquisition of business that are related to current product lines or that take the corporation into new areas is called ____________________.

Accepted Answer

The answer of The acquisition of business that are related...

Because of Circuit City's errors in strategy, they have fallen from number one to number three in the consumer electronics retail industry.

Stability is also referred to as a pause strategy.

The administration and execution of the strategic plan is strategy implementation.

Dobson Corporation is continually seeking out new markets and products, and is always on the lookout for acquisition candidates. Dobson is pursuing a grand strategy of

When Coca-Cola introduced Surge, a new citrus soft-drink, it was pursuing a

The ability to influence people to adopt the new behaviors needed for strategy implementation is called ____________________.

Internal growth can include development of new or changed products.

"How do we compete?" question concerns functional-level strategy.

The acquisition of businesses that are related to current product lines or that takes the corporation into new areas is referred to as

Structural design typically begins with the organizational chart.

Plum Plastics 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

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

Top mangers and chief executives have the final responsibility for strategic planning.

When Philip-Morris, the tobacco giant, bought Kraft, Inc., it was pursuing a

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

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

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

The acquisition of business that are related to current product lines or that take the corporation into new areas is called ____________________.

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

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

Filters

Exam 8: Strategy Formulation and Implementation

Because of Circuit City's errors in strategy, they have fallen from number one to number three in the consumer electronics retail industry.

Stability is also referred to as a pause strategy.

The administration and execution of the strategic plan is strategy implementation.

Dobson Corporation is continually seeking out new markets and products, and is always on the lookout for acquisition candidates. Dobson is pursuing a grand strategy of

When Coca-Cola introduced Surge, a new citrus soft-drink, it was pursuing a

The ability to influence people to adopt the new behaviors needed for strategy implementation is called ____________________.

Internal growth can include development of new or changed products.

"How do we compete?" question concerns functional-level strategy.

The acquisition of businesses that are related to current product lines or that takes the corporation into new areas is referred to as

Structural design typically begins with the organizational chart.

Plum Plastics 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

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

Top mangers and chief executives have the final responsibility for strategic planning.

When Philip-Morris, the tobacco giant, bought Kraft, Inc., it was pursuing a

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

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

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

The acquisition of business that are related to current product lines or that take the corporation into new areas is called ____________________.

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

Human Resource Management

Meeting the Challenge of Diversity

Dynamics of Behavior in Organizations

Leadership

Motivation

Communication

Teamwork

Managerial and Quality Control

Information Technology and E-Business

Operations and Value Chain Management

Filters