Exam 5: Strategic and Operational Planning

An example of a(n) __________ is when Exxon and Mobil decided to come together as one to form the company Exxon-Mobil.

A __________ is a form of retrenchment in which a corporation decides to set up one or more of its business units as a separate company rather than selling it.

Which adaptive strategy is most closely related to the grand strategy of growth?

__________ are alternative plans to be implemented if uncontrollable events occur.

A number of studies show that individuals perform better when given easier-to-reach objectives, as they are less likely to become frustrated and give up.

Successful implementation of strategies requires efficient and effective __________ throughout the organization.

Anna is using the BCG Growth-Share Matrix to perform a portfolio analysis for her company, Craycol Incorporated, which has four divisions: Red, Orange, Yellow, and Green.The Yellow division is doing quite well.Although it faces strong competition in a market that is still growing and changing rapidly, it currently has a narrow lead in market share.The Red division has long been the company's top performer and dominates market share in an industry that has been stable for the past ten years.The Green division has been performing poorly for the past five years, and there doesn't seem to be much opportunity to gain market share from its competitors, as customer demand has dropped significantly and is not likely to increase.The Orange division is Craycol's newest division.The market Orange produces products for is potentially large, but many other companies are pursuing the same customers and it remains to be seen how Orange will perform, as it currently lags behind some of its competitors while outperforming others.According to the BCG Matrix, the __________ division would likely be identified as a Star.

Companies using __________ have greater quality and speed of executing their strategies because it helps in developing specific action plans to meet objectives.

What is operational planning?

Algemar is helping his Fortune 500 company write a statement describing his company's purpose.What is Algemar writing?

Analyzing the environment is also known as _________.

If a company decides to take its time and expand its business slowly, what type of grand strategy is this company practicing?

One of the main functions for the finance strategy is keeping records of transactions, developing budgets, and reporting financial results.

A ______________strategy is when a company decides to introduce new product lines.

Lennox's company is planning on extending its existing business in Asia.In Europe, the company is fairly dominant, so they plan to make only slow and gradual changes in that market.However, their efforts to establish market share in North America have not been successful, so they plan to liquidate those assets and redirect them elsewhere.Which grand strategy is Lennox's company using?

Controlling is the process of _________.

Which is the correct order of the Objective Writing model?

Which of the following is not a key component of the time management system?

Ernesto's family business has been manufacturing shoes for three generations.In the past, the shoes have been sold to retailers around the world, but recently, Ernesto opened three retail stores to sell the shoes directly to customers.This is an example of backwards integration.

Which of the following is not a step of management by objectives?