Question 1

When Coca-Cola introduced Surge, a new citrus soft drink, what type of strategy was being pursued?

Accepted Answer

A)  Functional-level 
B)  Multidomestic 
C)  Corporate-level 
D)  Glocalization 
E)  Business-level 
A)  Functional-level 
B)  Multidomestic 
C)  Corporate-level 
D)  Glocalization 
E)  Business-level

Question 2

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as a(n):

Accepted Answer

A)  external opportunity. 
B)  internal strength. 
C)  external threat. 
D)  external weakness. 
E)  external strength. 
A)  external opportunity. 
B)  internal strength. 
C)  external threat. 
D)  external weakness. 
E)  external strength.

Question 3

FLY Industries is a global conglomerate company headquartered in the United States that does business in over 50 countries. The company's marketing, advertising, and product design is modified and adapted to each country that it does business in. FLY can best be described as using which global corporate strategy?

Accepted Answer

A)  Globalization 
B)  Multidomestic 
C)  Export 
D)  Glocalization 
E)  Domestic 
A)  Globalization 
B)  Multidomestic 
C)  Export 
D)  Glocalization 
E)  Domestic

Question 4

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 5

__________ pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity.

Accepted Answer

Corporate-

Question 6

Factors that alter a company's ability to achieve its goals are called strategic issues.

Accepted Answer

A) True 
 B)False

Question 7

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

Accepted Answer

A)  competitive advantage. 
B)  strategic planning. 
C)  strategic management. 
D)  a SWOT analysis. 
E)  a strategy. 
A)  competitive advantage. 
B)  strategic planning. 
C)  strategic management. 
D)  a SWOT analysis. 
E)  a strategy.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Business-level strategies include all of the major functions, including finance, research and development, marketing, and manufacturing.

Accepted Answer

A) True 
 B)False

Question 10

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 11

Swift Stocks
Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that it has established an online 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 online commission rates.
-Swift Stocks is following which strategy, according to Porter, through the .com subsidiary?

Accepted Answer

A)  Stability 
B)  Cost leadership 
C)  Focus 
D)  Differentiation 
E)  Retrenchment 
A)  Stability 
B)  Cost leadership 
C)  Focus 
D)  Differentiation 
E)  Retrenchment

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Three approaches to understanding corporate-level strategy are portfolio strategy, the BCG matrix, and diversification. Write a short essay that explains each approach to corporate-level strategy. Identify which of the three approaches you think is most valid, and explain your rationale for your choice.

Accepted Answer

Portfolio strategy pertains to the mix o

Question 14

Swift Stocks
Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that it has established an online 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 online commission rates.
-According to the BCG matrix, the SS.com subsidiary for Swift Stocks can be classified as a:

Accepted Answer

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

Question 15

Which of the following is the biggest contributing factor to failed strategy execution?

Accepted Answer

A)  Manager behavior doesn't support new direction 
B)  Lack of planning 
C)  Employee resistance 
D)  Inadequate budget or resources 
E)  Lack of focus 
A)  Manager behavior doesn't support new direction 
B)  Lack of planning 
C)  Employee resistance 
D)  Inadequate budget or resources 
E)  Lack of focus

Question 16

Gatekeep Utilities is a subsidiary of GW Enterprises. Gatekeep has a mission and product line that is unique from GW. Gatekeep's competitors are also very different from those of its parent, and the subsidiary markets to a very different group of customers. As such, Gatekeep can be described as:

Accepted Answer

A)  a product unit. 
B)  a functional unit. 
C)  an operational unit. 
D)  a strategic business unit. 
E)  none of these. 
A)  a product unit. 
B)  a functional unit. 
C)  an operational unit. 
D)  a strategic business unit. 
E)  none of these.

Question 17

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Accepted Answer

A) True 
 B)False

Question 18

Candid communication is one of the primary tools that managers must use for effective strategy execution.

Accepted Answer

A) True 
 B)False

Question 19

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

Accepted Answer

A) True 
 B)False

Question 20

A globalization strategy is based on the assumption that a single global market exists for many consumer and industrial products.

Accepted Answer

A) True 
 B)False

When Coca-Cola introduced Surge, a new citrus soft drink, what type of strategy was being pursued?

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as a(n):

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

__________ pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity.

Factors that alter a company's ability to achieve its goals are called strategic issues.

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

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

Business-level strategies include all of the major functions, including finance, research and development, marketing, and manufacturing.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

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

Which of the following is the biggest contributing factor to failed strategy execution?

Gatekeep Utilities is a subsidiary of GW Enterprises. Gatekeep has a mission and product line that is unique from GW. Gatekeep's competitors are also very different from those of its parent, and the subsidiary markets to a very different group of customers. As such, Gatekeep can be described as:

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Candid communication is one of the primary tools that managers must use for effective strategy execution.

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

A globalization strategy is based on the assumption that a single global market exists for many consumer and industrial products.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start-Ups and New Ventures

Planning and Global Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 8: Strategy Formulation and Execution

When Coca-Cola introduced Surge, a new citrus soft drink, what type of strategy was being pursued?

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as a(n):

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

__________ pertains to the organization as a whole and the combination of business units and product lines that makes up the corporate entity.

Factors that alter a company's ability to achieve its goals are called strategic issues.

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

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

Business-level strategies include all of the major functions, including finance, research and development, marketing, and manufacturing.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

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

Which of the following is the biggest contributing factor to failed strategy execution?

Gatekeep Utilities is a subsidiary of GW Enterprises. Gatekeep has a mission and product line that is unique from GW. Gatekeep's competitors are also very different from those of its parent, and the subsidiary markets to a very different group of customers. As such, Gatekeep can be described as:

Opportunities are characteristics of the internal environment that have the potential to help the organization achieve or exceed its strategic goals.

Candid communication is one of the primary tools that managers must use for effective strategy execution.

The BCG (Boston Consulting Group) matrix evaluates SBUs with respect to their business growth rate and geographical location.

A globalization strategy is based on the assumption that a single global market exists for many consumer and industrial products.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Start-Ups and New Ventures

Planning and Global Setting

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters