Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

A new approach to evaluating alternatives under conditions of high environmental uncertainty that proposes it pays to have a broad range of options open is the

Which type of pricing takes advantage of the demand curve while the product is still novel and competitors are few to increase profits?

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

Once the best strategic alternative is selected, the broad guidelines for its implementation are then defined by

When a company determines how and where a product or service is to be manufactured, the level of vertical integration in the production process, the deployment of physical resources, and relationships with suppliers, the company is developing its ________ strategy.

A recent trend in information systems strategy used by multinational corporations is

Two suppliers are the sole suppliers of two different parts, but they are also backup suppliers for each other's parts in parallel sourcing.

When a company deals with obtaining raw materials, parts, and supplies needed to perform the operations function, the company is developing its ________ strategy.

When components are standardized and each machine functions like a job shop but is positioned in the same order as the parts are processed, this setup is known as

When considering acceptable alternative strategies, the most important criterion is the capability of the proposed strategy to deal with

The continuous improvement system was developed by Deming.

Discuss W. Edward Deming's position on sole sourcing.

A company which keeps up by imitating a leading company's strategy while ignoring its own strengths and weaknesses is an example of which strategy to avoid?

When Intel opened four small-scale research facilities adjacent to universities to promote the cross-pollination of ideas, they were using which approach to R&D?

A company which has invested so heavily in a particular strategy that it will not consider a change in this strategy even if it is not successful, would be an example of which strategy to avoid?

A strategy's compatibility with the corporate culture has little likelihood of impacting its success.

Which one of the following is NOT one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?

A company may use which of the following trade promotions to "pull" their products through the distribution system?

The real-options approach is used by Chevron for bidding on petroleum reserves.

A company which has previously found great success pioneering an extremely successful product that is presently trying to turn another "long-shot" into a success would be an example of which strategy to avoid?