Exam 7: Strategic Planning: Strategies, Tactics, and Competitive Dynamics

________ is the ability to create throughout the organization a network of people who can help solve implementation problems as they occur.

An SBU with a small market share of a high-growth market is a ________.

According to Porter, ________ refers to the power that customers have over the firms operating in an industry.

Which of the following components includes new approaches to producing goods and services?

A business strategy that is generally applied to star or question mark SBUs is ________.

In a retrenchment strategy, managers attempt to ________.

________ is a strategy adopted to eliminate an SBU that is not generating a satisfactory amount of business and that has little hope of doing so in the near future.

________ refers to the process by which firms undertake strategic and tactical actions and how competitors respond to these actions.

Which of the following is true about social values?

In an attempt to offer better deals to customers and thereby increase its market share, Dun's Burgers integrates backward to buy out its main supplier of beef. Dun's Burgers is using which of the following strategies to attract customers?

One of the SBUs under the Retro Group of companies is not generating a satisfactory amount of business. Extensive analysis shows that the company is losing its market share because its competitors have more sustainable processes. Analysts also feel that the growth prospects in this industry are extremely limited. Which of the following organizational strategies should the company adopt?

Which of the following is true about a star SBU?

The level of an organization's external environment that contains components normally having relatively specific and immediate implications for managing the organization is the ________.

Which of the following strategy formulation tools was specifically developed to expand on the BCG Growth-Share Matrix?

Porter's model emphasizes ________.

Because tactical plans are based primarily on a prediction of the future, and strategic plans are based on known circumstances that exist within the organization, tactical plans are generally less detailed than strategic plans.

Briefly discuss the strategic management process.

________ refers to how mindful a company is of its competitor's actions.

________ is the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose.

Which of the following is the ability to use information to determine whether a problem has arisen that is blocking implementation?