Exam 4: Strategic and Operational Planning

Is there a difference between a plan and a strategy?

An example of a cash cow is VCRs.

Explain the reason for conducting a company situation analysis.

Charging a high price to recover investment may be appropriate for the __________ stage.

List a couple of the major strengths and weaknesses of an organization you work for or have worked for.

A(n)__________ occurs when two companies form one corporation.

What criteria should an objective meet?

__________ strategy is an overall corporate strategy for growth,stability,or turnaround and retrenchment,or for some combination of these.

What are the common functional strategy areas?

Where would you place your program/major on the BCG growth-share matrix?

A corporate strategy is the strategic plan for managing multiple lines of business.

Why is a company situation analysis part of the strategic planning process?

Bob's Auto Parts is opening four new stores in the surrounding area.Which of the following adaptive strategies does this represent?

The __________ strategy resembles the combination grand strategy.

The __________ strategy calls for aggressively offering new products and services and/or entering new markets.

A strategy is a plan for pursuing a mission and achieving objectives.

The five planning dimensions include management level,type of plan,scope,time,and repetitiveness.

In the BCG Growth-Share matrix,__________ generate more resources than they need.

A functional strategy is the strategic plan for managing one line of business.

With a __________ strategy,a company stresses its advantage over its competitors.