Question 1

Which of the following is NOT one of Porter's competitive forces?

Accepted Answer

A) Potential new entrants 
B) Bargaining power of suppliers 
C) Bargaining power of stockholders 
D) Bargaining power of customers 
E) Rivalry among competitors 
A) Potential new entrants 
B) Bargaining power of suppliers 
C) Bargaining power of stockholders 
D) Bargaining power of customers 
E) Rivalry among competitors

Question 2

An SBU stands for Star Business Unit.

Accepted Answer

A) True 
 B)False

Question 3

How business units and product lines fit together in a logical way is the essence of

Accepted Answer

A) business-level strategy. 
B) portfolio strategy. 
C) competitive strategy. 
D) financial strategy. 
E) functional strategy. 
A) business-level strategy. 
B) portfolio strategy. 
C) competitive strategy. 
D) financial strategy. 
E) functional strategy.

Question 4

Briefly describe the Boston Consulting Group matrix,including its dimensions,quadrants,and strategic recommendations.

Accepted Answer

The two dimensions of the matrix are bus

Question 5

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

Accepted Answer

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

Question 6

Where does the information about opportunities and threats comes from?

Accepted Answer

A) An analysis of the organization's internal environment 
B) A department by department study of the organization 
C) Scanning the external environments 
D) Employee grievances 
E) Financial ratios of the organization 
A) An analysis of the organization's internal environment 
B) A department by department study of the organization 
C) Scanning the external environments 
D) Employee grievances 
E) Financial ratios of the organization

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Classy Clay has extremely creative employees who,in the opinion of the organization,keep the company ahead of the competition.The creativity of these employees would be classified as

Accepted Answer

A) an internal weakness. 
B) an external opportunity. 
C) an external strength. 
D) an internal strength. 
E) a neutral factor. 
A) an internal weakness. 
B) an external opportunity. 
C) an external strength. 
D) an internal strength. 
E) a neutral factor.

Question 9

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

Accepted Answer

A) Focus 
B) Globalization 
C) Overall cost leadership 
D) Differentiation 
E) Liquidation 
A) Focus 
B) Globalization 
C) Overall cost leadership 
D) Differentiation 
E) Liquidation

Question 10

A top-down management style has been identified as a silent killer of strategy.

Accepted Answer

A) True 
 B)False

Question 11

When properly managed,____ can create additional value with existing resources,providing a big boost to the bottom line.

Accepted Answer

A) synergy 
B) competitors 
C) government contacts 
D) command structure 
E) cooperation among customers 
A) synergy 
B) competitors 
C) government contacts 
D) command structure 
E) cooperation among customers

Question 12

Strategic decisions at the business level concern amount of advertising,direction and extent of R & D,product changes,new product development,equipment and facilities,and expansion or contraction of product lines.

Accepted Answer

A) True 
 B)False

Question 13

For the social networking site Facebook,technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 14

Scenario - Theresa Teutul
Theresa Teutul was an executive with Digital Industries,a leading manufacturer of color televisions.She recognized that the color television market in the late 1970's was facing significant challenges.After two decades of highly successful development and marketing,the sales of color televisions had slowed and replacing older color television sets largely created her market.
-Which one of the following is not one of the competitive forces that Porter recommends that Theresa should recognize?

Accepted Answer

A) Potential new entrants 
B) Bargaining power of buyers 
C) Threat of substitute products 
D) Bargaining power of suppliers 
E) All of these are competitive forces. 
A) Potential new entrants 
B) Bargaining power of buyers 
C) Threat of substitute products 
D) Bargaining power of suppliers 
E) All of these are competitive forces.

Question 15

The administration and implementation of the strategic plan is strategy execution.

Accepted Answer

A) True 
 B)False

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

Unrelated diversification occurs when an organization expands into a totally new line of business.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is NOT one of the tools used for putting strategy into action?

Accepted Answer

A) Visible leadership 
B) Diversification 
C) Human Resources 
D) Communication 
E) Clear roles and accountability 
A) Visible leadership 
B) Diversification 
C) Human Resources 
D) Communication 
E) Clear roles and accountability

Question 19

Scenario - SS.com
Faced with rapidly growing business,Swift Stocks,Inc. ,a global brokerage company with the largest market share,recently announced that it has established an on-line 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 on-line commission rates.
-SS.com subsidiary for Swift Stocks 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 20

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 is known as

Accepted Answer

A) strategy formulation. 
B) strategic planning. 
C) strategic management. 
D) strategy implementation. 
E) strategy evaluation. 
A) strategy formulation. 
B) strategic planning. 
C) strategic management. 
D) strategy implementation. 
E) strategy evaluation.

Which of the following is NOT one of Porter's competitive forces?

An SBU stands for Star Business Unit.

How business units and product lines fit together in a logical way is the essence of

Briefly describe the Boston Consulting Group matrix,including its dimensions,quadrants,and strategic recommendations.

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

Where does the information about opportunities and threats comes from?

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

Classy Clay has extremely creative employees who,in the opinion of the organization,keep the company ahead of the competition.The creativity of these employees would be classified as

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

A top-down management style has been identified as a silent killer of strategy.

When properly managed,____ can create additional value with existing resources,providing a big boost to the bottom line.

Strategic decisions at the business level concern amount of advertising,direction and extent of R & D,product changes,new product development,equipment and facilities,and expansion or contraction of product lines.

For the social networking site Facebook,technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

The administration and implementation of the strategic plan is strategy execution.

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

Unrelated diversification occurs when an organization expands into a totally new line of business.

Which of the following is NOT one of the tools used for putting strategy into action?

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 is known as

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

Which of the following is NOT one of Porter's competitive forces?

An SBU stands for Star Business Unit.

How business units and product lines fit together in a logical way is the essence of

Briefly describe the Boston Consulting Group matrix,including its dimensions,quadrants,and strategic recommendations.

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

Where does the information about opportunities and threats comes from?

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

Classy Clay has extremely creative employees who,in the opinion of the organization,keep the company ahead of the competition.The creativity of these employees would be classified as

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

A top-down management style has been identified as a silent killer of strategy.

When properly managed,____ can create additional value with existing resources,providing a big boost to the bottom line.

Strategic decisions at the business level concern amount of advertising,direction and extent of R & D,product changes,new product development,equipment and facilities,and expansion or contraction of product lines.

For the social networking site Facebook,technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

The administration and implementation of the strategic plan is strategy execution.

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

Unrelated diversification occurs when an organization expands into a totally new line of business.

Which of the following is NOT one of the tools used for putting strategy into action?

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 is known as

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