Question 1

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

Accepted Answer

A)  are not key to the company's distinctive competence. 
B)  are very expensive. 
C)  provide the company competitive advantage. 
D)  are provided by an important supplier. 
E)  are not very expensive. 
A)  are not key to the company's distinctive competence. 
B)  are very expensive. 
C)  provide the company competitive advantage. 
D)  are provided by an important supplier. 
E)  are not very expensive.

Question 2

Give an example of a technological leader.

Accepted Answer

Answers will vary.Examples should includ

Question 3

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

Accepted Answer

A)  operations 
B)  purchasing 
C)  R&D 
D)  financial 
E)  human resource management 
A)  operations 
B)  purchasing 
C)  R&D 
D)  financial 
E)  human resource management

Question 4

Distinguish between a market development and a product development strategy.

Accepted Answer

Using a market development strategy,a co

Question 5

Risk in strategic management is only the probability that the strategy will be effective.

Accepted Answer

A) True 
 B)False

Question 6

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not true of risk?

Accepted Answer

A)  It includes the length of time the asset will be unavailable for other uses. 
B)  It includes the probability that the strategy will be effective. 
C)  Managers who own a significant amount of stock in their firms are less likely to engage in risk-taking actions. 
D)  It includes the amount of assets the corporation must allocate to that strategy. 
E)  The greater the assets involved, the more likely top management is to demand a high probability of success. 
A)  It includes the length of time the asset will be unavailable for other uses. 
B)  It includes the probability that the strategy will be effective. 
C)  Managers who own a significant amount of stock in their firms are less likely to engage in risk-taking actions. 
D)  It includes the amount of assets the corporation must allocate to that strategy. 
E)  The greater the assets involved, the more likely top management is to demand a high probability of success.

Question 8

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Accepted Answer

A) True 
 B)False

Question 9

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

Accepted Answer

A) True 
 B)False

Question 10

W.Edwards Deming,a well-known management consultant,strongly recommended sole sourcing as the only manageable way to obtain high supplier quality.

Accepted Answer

A) True 
 B)False

Question 11

Church & Dwight uses the line extension strategy when they put the Arm & Hammer name on various new food products.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

A recent trend in information systems strategy used by multi-national corporations is

Accepted Answer

A)  computerizing accounting. 
B)  automating customer service. 
C)  practicing follow-the-sun management. 
D)  replacing Fortran with Cobol in order to boost productivity. 
E)  replacing mainframe computers with robots. 
A)  computerizing accounting. 
B)  automating customer service. 
C)  practicing follow-the-sun management. 
D)  replacing Fortran with Cobol in order to boost productivity. 
E)  replacing mainframe computers with robots.

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

Accepted Answer

A) True 
 B)False

Question 16

When the Kellogg Company changed to a push strategy,they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

Accepted Answer

A) True 
 B)False

Question 17

Corporate scenarios are pro forma balance sheets and income statements that forecast the effect each alternative strategy and its various programs will likely have on division and corporate return on investment.

Accepted Answer

A) True 
 B)False

Question 18

What is a corporate scenario? What are the three steps in their construction?

Accepted Answer

Corporate scenarios are pro forma balanc

Question 19

Which of the following is not one of the major outsourcing errors that should be avoided?

Accepted Answer

A)  failure to keep core activities in-house 
B)  selecting the wrong vendor 
C)  writing a poor contract 
D)  micromanaging the outsourced activity to maintain control 
E)  overlooking personnel issues 
A)  failure to keep core activities in-house 
B)  selecting the wrong vendor 
C)  writing a poor contract 
D)  micromanaging the outsourced activity to maintain control 
E)  overlooking personnel issues

Question 20

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

Accepted Answer

A)  devil's advocate 
B)  Sloan's judgment 
C)  sales presentation 
D)  dialectical inquiry 
E)  scenario construction 
A)  devil's advocate 
B)  Sloan's judgment 
C)  sales presentation 
D)  dialectical inquiry 
E)  scenario construction

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

Give an example of a technological leader.

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

Distinguish between a market development and a product development strategy.

Risk in strategic management is only the probability that the strategy will be effective.

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

Which of the following is not true of risk?

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

W.Edwards Deming,a well-known management consultant,strongly recommended sole sourcing as the only manageable way to obtain high supplier quality.

Church & Dwight uses the line extension strategy when they put the Arm & Hammer name on various new food products.

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

A recent trend in information systems strategy used by multi-national corporations is

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

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

When the Kellogg Company changed to a push strategy,they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

Corporate scenarios are pro forma balance sheets and income statements that forecast the effect each alternative strategy and its various programs will likely have on division and corporate return on investment.

What is a corporate scenario? What are the three steps in their construction?

Which of the following is not one of the major outsourcing errors that should be avoided?

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

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

Give an example of a technological leader.

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

Distinguish between a market development and a product development strategy.

Risk in strategic management is only the probability that the strategy will be effective.

Fujitsu demonstrated a follow-the-leader strategy when it imitated IBM's strategy focused on mainframes in 1990.

Which of the following is not true of risk?

The use of the Internet to market goods directly to the customer allows a company to use dynamic pricing.

Penetration pricing attempts to hasten market development and offers the pioneer the opportunity to use the experience curve to gain market share with a low price and dominate the industry.

W.Edwards Deming,a well-known management consultant,strongly recommended sole sourcing as the only manageable way to obtain high supplier quality.

Church & Dwight uses the line extension strategy when they put the Arm & Hammer name on various new food products.

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

A recent trend in information systems strategy used by multi-national corporations is

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

In a leveraged buyout,the acquired company,in effect,pays for its own acquisition.

When the Kellogg Company changed to a push strategy,they spent more money on consumer advertising designed to build brand awareness so that shoppers will ask for the products.

Corporate scenarios are pro forma balance sheets and income statements that forecast the effect each alternative strategy and its various programs will likely have on division and corporate return on investment.

What is a corporate scenario? What are the three steps in their construction?

Which of the following is not one of the major outsourcing errors that should be avoided?

To avoid the consensus trap,which technique assigns a group or individual to identify potential pitfalls and problems with a proposed alternative strategy in a formal presentation?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters