Exam 8: Strategy Formulation and Execution

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

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Briefly discuss Porter's three competitive strategies.

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as ____________________.

Gillette operates numerous strategic business units.Most of its units in the personal care division have low market share but high business growth.These units are classified as _____.

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

The assumption that a single global market exists would lead to a

Better-Than-The-Rest,Inc.'s ability to market its products better than its competitors is an example of its core competence.

Strategic management largely determines which organizations succeed and which ones struggle.

Communication is one of the most important methods for effective strategy execution.

The final stage of the strategic management process is execution of the new strategy.

For successful execution,alignment of everyone in the organization must occur.

Front-line managers have the final responsibility for strategic planning.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n)____________________.

Which of the following strategies refers to moving into a new business that is related to the company's existing business activities?

The human resource department at Paula's Powerwheels is implementing a number of functional level strategies.These strategies include focusing on ways to retain and develop a stable work force and ways to improve efficiency in the organization.These functional-level strategies are consistent with which of the following strategies?

General Products Inc.is a small clothing designer and manufacturer located in the United States.A vast majority of the company's revenues comes from U.S.sales,although about ten percent of the company's revenue come from sales to Canada.General Products Inc.can best be described as using which global corporate strategy?

In the BCG matrix,the star has a(n)____________________ market share in a rapidly growing industry.

The bargaining power of customers is one of Porter's five competitive forces.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.