Exam 8: Strategy Formulation and Execution

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. -The strategy that the BCG matrix suggests that Theresa should take for this SBU is

Strategic thinking is more important -profit businesses than for non-profit organizations.

Mingles,Inc.concentrates its efforts on its target market of 18 to 25 year olds.It is using a(n)____ strategy.

Which of the following lists the strategic management process in proper order?

____________________ is 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.

Corporate-level strategy pertains to the organization as a whole.

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. -Using the logic of the BCG grid,Theresa should recognize that her strategic business unit was in which quadrant?

In BCG Matrix,the circle size represents the relative profit made by each business in the company's portfolio.

Sugar manufacturers have been steadily losing business as a result of increasing use of high-fructose corn syrup in processed foods.However,sugar sales are beginning to increase again in recent months.This example most closely demonstrates which of Porter's Five Forces?

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Which of these questions is central to a functional-level strategy?

Techniques used to monitor external environments include

According to the BCG Matrix,the cash cow has a large market share in a rapidly growing industry.

Which of the following pertains to the organization as a whole?

Sherri has been asked to participate on a cross-functional task force that is charged with performing an audit checklist for her advertising firm.The task force will analyze organizational strengths and weaknesses as they apply to the firm.Sherri's task is to analyze management quality,staff quality,degree of centralization,and organizational charts.This level of analysis pertains to which area of the audit?

____ can be defined as the combination of benefits received and costs paid by the customer.

People need to understand how their individual actions can contribute to achieving an organizational strategy.This can be accomplished by delegating authority,creating teams,and defining roles.These actions are part of which tool for putting strategy into action?

As a result of the growth of the Internet,barriers to entry into new markets are now much higher than ever before.

The BCG matrix organizes along which of the following dimensions?

The question How do we support the business-level competitive strategy? concerns ____________________ strategy.