Question 1

In strategy implementation,leadership is the ability to influence people to adopt the new behaviors needed.

Accepted Answer

A) True 
 B)False

Question 2

If ABC International has standardized its product line throughout the world it is pursuing a

Accepted Answer

A) multidomestic strategy. 
B) retrenchment strategy. 
C) diversity strategy. 
D) globalization strategy. 
E) liquidation strategy. 
A) multidomestic strategy. 
B) retrenchment strategy. 
C) diversity strategy. 
D) globalization strategy. 
E) liquidation strategy.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

____________________ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

Accepted Answer

The answer of ____________________ is a type of corporate-level strategy...

Question 5

The question mark exists in a new,rapidly growing industry but has only a small market share,according to the BCG Matrix.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Persuasion,motivation,and changes in cultures and values are examples of which of the dimensions used to implement strategy?

Accepted Answer

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

Question 8

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

Accepted Answer

A) goal. 
B) objective. 
C) mission. 
D) vision. 
E) strategy. 
A) goal. 
B) objective. 
C) mission. 
D) vision. 
E) strategy.

Question 9

A director of finance would most likely be interested in executing functional level strategies.

Accepted Answer

A) True 
 B)False

Question 10

Briefly describe the tools for putting strategy into action.

Accepted Answer

The tools for putting strategy into acti

Question 11

Double Click,Inc.has a number of strategic business units.Their hand-held computer unit has a large market share in this rapidly growing industry.Their hand-held computer business would be classified as

Accepted Answer

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

Question 12

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Accepted Answer

A) True 
 B)False

Question 13

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Accepted Answer

A) True 
 B)False

Question 14

Ford's decision to completely redesign its Ford Taurus can be classified as a

Accepted Answer

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

Question 15

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Accepted Answer

A) True 
 B)False

Question 16

Fred has been assigned to conduct a SWOT analysis for his organization,Flintstones,Inc.As part of this assignment,Fred will

Accepted Answer

A) conduct an external wage survey. 
B) search for the strengths,weaknesses,opportunities,and threats that impact his firm. 
C) choose a grand strategy for his firm. 
D) do a cost/benefit analysis. 
E) develop a mission. 
A) conduct an external wage survey. 
B) search for the strengths,weaknesses,opportunities,and threats that impact his firm. 
C) choose a grand strategy for his firm. 
D) do a cost/benefit analysis. 
E) develop a mission.

Question 17

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements,and surveys of employee attitudes and satisfaction.

Accepted Answer

A) True 
 B)False

Question 18

When an organization expands into a totally new line of business,it is implementing a strategy of:

Accepted Answer

A) Related diversification 
B) Unrelated diversification 
C) Cross-functional diversification 
D) Product line diversification 
E) Industry diversification 
A) Related diversification 
B) Unrelated diversification 
C) Cross-functional diversification 
D) Product line diversification 
E) Industry diversification

Question 19

Which of the following is true regarding the impact of the Internet on Porter's Five Forces affecting industry competition?

Accepted Answer

A) Internet increases barriers to entry 
B) Internet decreases bargaining power of suppliers 
C) Internet shifts power away from end customers 
D) Internet cuts down on substitute product threats 
E) Internet blurs differences among competitors 
A) Internet increases barriers to entry 
B) Internet decreases bargaining power of suppliers 
C) Internet shifts power away from end customers 
D) Internet cuts down on substitute product threats 
E) Internet blurs differences among competitors

Question 20

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

In strategy implementation,leadership is the ability to influence people to adopt the new behaviors needed.

If ABC International has standardized its product line throughout the world it is pursuing a

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

____________________ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

The question mark exists in a new,rapidly growing industry but has only a small market share,according to the BCG Matrix.

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

Persuasion,motivation,and changes in cultures and values are examples of which of the dimensions used to implement strategy?

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

A director of finance would most likely be interested in executing functional level strategies.

Briefly describe the tools for putting strategy into action.

Double Click,Inc.has a number of strategic business units.Their hand-held computer unit has a large market share in this rapidly growing industry.Their hand-held computer business would be classified as

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Ford's decision to completely redesign its Ford Taurus can be classified as a

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Fred has been assigned to conduct a SWOT analysis for his organization,Flintstones,Inc.As part of this assignment,Fred will

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements,and surveys of employee attitudes and satisfaction.

When an organization expands into a totally new line of business,it is implementing a strategy of:

Which of the following is true regarding the impact of the Internet on Porter's Five Forces affecting industry competition?

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Web 20, and E-Business

Filters

Exam 8: Strategy Formulation and Execution

In strategy implementation,leadership is the ability to influence people to adopt the new behaviors needed.

If ABC International has standardized its product line throughout the world it is pursuing a

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

____________________ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

The question mark exists in a new,rapidly growing industry but has only a small market share,according to the BCG Matrix.

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

Persuasion,motivation,and changes in cultures and values are examples of which of the dimensions used to implement strategy?

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

A director of finance would most likely be interested in executing functional level strategies.

Briefly describe the tools for putting strategy into action.

Double Click,Inc.has a number of strategic business units.Their hand-held computer unit has a large market share in this rapidly growing industry.Their hand-held computer business would be classified as

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Ford's decision to completely redesign its Ford Taurus can be classified as a

Organization's with a focus strategy concentrate on a specific regional market or buyer group.

Fred has been assigned to conduct a SWOT analysis for his organization,Flintstones,Inc.As part of this assignment,Fred will

Executives acquire information about external opportunities and strengths from a variety of reports,including budgets,financial ratios,profit and loss statements,and surveys of employee attitudes and satisfaction.

When an organization expands into a totally new line of business,it is implementing a strategy of:

Which of the following is true regarding the impact of the Internet on Porter's Five Forces affecting industry competition?

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Web 20, and E-Business

Filters