Question 1

The ____________________ is driving and supporting the move toward partnership thinking.

Accepted Answer

The answer of The ____________________ is driving and supporting the...

Question 2

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

Accepted Answer

A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  multidomestic 
E)  universal strategy 
A)  focus 
B)  differentiation 
C)  overall cost leadership 
D)  multidomestic 
E)  universal strategy

Question 3

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

Accepted Answer

A)  Diversification 
B)  Transnational strategy 
C)  Synergy 
D)  Divestiture 
E)  Liquidation 
A)  Diversification 
B)  Transnational strategy 
C)  Synergy 
D)  Divestiture 
E)  Liquidation

Question 4

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.
-QT.com subsidiary for Quick Trade can be classified as a

Accepted Answer

A)  cash cow. 
B)  dog. 
C)  star. 
D)  question mark. 
E)  stuck in the middle business. 
A)  cash cow. 
B)  dog. 
C)  star. 
D)  question mark. 
E)  stuck in the middle business.

Question 5

Which of these refers to the use of managerial tools to direct resources toward the achievement of strategic goals?

Accepted Answer

A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy implementation 
D)  Strategy control 
E)  Strategy planning 
A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy implementation 
D)  Strategy control 
E)  Strategy planning

Question 6

Drain Well, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as

Accepted Answer

A)  an external opportunity. 
B)  an internal strength. 
C)  an external threat. 
D)  an external weakness. 
E)  a congressional chaos. 
A)  an external opportunity. 
B)  an internal strength. 
C)  an external threat. 
D)  an external weakness. 
E)  a congressional chaos.

Question 7

When the organization goes through a period of forced decline by either shrinking current business units or selling off or liquidating entire businesses, it is called

Accepted Answer

A)  retrenchment. 
B)  growth. 
C)  cash cow. 
D)  multidomestic. 
E)  stability. 
A)  retrenchment. 
B)  growth. 
C)  cash cow. 
D)  multidomestic. 
E)  stability.

Question 8

Strategic planning has taken on new importance in today's world of globalization, deregulation, advancing technology, and changing demographics and lifestyles.

Accepted Answer

A) True 
 B)False

Question 9

When an organization chooses a(n) ____________________ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Accepted Answer

The answer of When an organization chooses a(n) ____________________ strategy,...

Question 10

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Accepted Answer

A) True 
 B)False

Question 11

Information and control systems include reward systems, pay incentives, budgets for allocating resources, information technology systems, and the organization's rules.

Accepted Answer

A) True 
 B)False

Question 12

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 13

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 14

Effective implementation is not a necessity if the strategies are truly creative.

Accepted Answer

A) True 
 B)False

Question 15

To reach the goal of cutting costs, Delta Dreamforce rearranged its organizational chart to consolidate facilities. This is an example of which of the dimensions used for implementing strategy?

Accepted Answer

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

Question 16

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

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 17

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 18

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Accepted Answer

A) True 
 B)False

Question 19

Sears' decision to sell off much of its financial services division is an example of a

Accepted Answer

A)  corporate-level strategy. 
B)  business-level strategy. 
C)  functional-level strategy. 
D)  growth strategy. 
E)  stability strategy. 
A)  corporate-level strategy. 
B)  business-level strategy. 
C)  functional-level strategy. 
D)  growth strategy. 
E)  stability strategy.

Question 20

______________________________ is 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.

Accepted Answer

Strategic

The ____________________ is driving and supporting the move toward partnership thinking.

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

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

Which of these refers to the use of managerial tools to direct resources toward the achievement of strategic goals?

Drain Well, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as

When the organization goes through a period of forced decline by either shrinking current business units or selling off or liquidating entire businesses, it is called

Strategic planning has taken on new importance in today's world of globalization, deregulation, advancing technology, and changing demographics and lifestyles.

When an organization chooses a(n) ____________________ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Information and control systems include reward systems, pay incentives, budgets for allocating resources, information technology systems, and the organization's rules.

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

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

Effective implementation is not a necessity if the strategies are truly creative.

To reach the goal of cutting costs, Delta Dreamforce rearranged its organizational chart to consolidate facilities. This is an example of which of the dimensions used for implementing strategy?

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

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

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Sears' decision to sell off much of its financial services division is an example of a

______________________________ is 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.

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

The ____________________ is driving and supporting the move toward partnership thinking.

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

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

Which of these refers to the use of managerial tools to direct resources toward the achievement of strategic goals?

Drain Well, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as

When the organization goes through a period of forced decline by either shrinking current business units or selling off or liquidating entire businesses, it is called

Strategic planning has taken on new importance in today's world of globalization, deregulation, advancing technology, and changing demographics and lifestyles.

When an organization chooses a(n) ____________________ strategy, it means that business decisions such as product design are made on a country-by-country basis.

Strategy implementation involves the planning and decision making that lead to the establishment of the firm's goals.

Information and control systems include reward systems, pay incentives, budgets for allocating resources, information technology systems, and the organization's rules.

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

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

Effective implementation is not a necessity if the strategies are truly creative.

To reach the goal of cutting costs, Delta Dreamforce rearranged its organizational chart to consolidate facilities. This is an example of which of the dimensions used for implementing strategy?

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

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

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Sears' decision to sell off much of its financial services division is an example of a

______________________________ is 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.

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