Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

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

The flow of products into and out of the manufacturing process is a factor when developing a(n) ________ strategy.

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?

According to the text,which of the following is not one of the reasons why innovations seem to occur more often in small firms rather than in large,established corporations?

Equity financing is preferred for unrelated diversification while debt financing is preferred for related diversification.

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

Some executives show a self-serving tendency to attribute the firm's problems not to their own poor decisions,but to environmental events out of their control such as government policies or a poor economic climate.

A company that imitates the products of competitors is referred to as a

Risk is composed not only of the probability that the strategy will be effective but also of the amount of assets the corporation must allocate to that strategy and the length of time the assets will be unavailable for other uses.

The orientation of the functional strategy is dictated by its parent business unit's strategy.

The use of 3-D printing demonstrates which manufacturing strategy?

Companies such as Georgia-Pacific,Marriott,and Union Carbide view the ________ as an important way to differentiate themselves from the competition,to add value,and to reduce costs.

There is mounting evidence that when an organization is facing a dynamic environment,the best strategic decisions are arrived at through consensus when everyone agrees on one alternative.

Which of the following is not a goal of financial strategies?

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

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

Each business unit has its own set of departments,each with its own functional strategy.

The key to outsourcing is to purchase from the outside only those activities that

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?

Multi-national corporations use sophisticated intranets to allow employees to practice follow-the-sun management,in which project team members living in one country can pass their work to team members in another country in which the workday is just beginning.