Question 1

The evaluation of alternative strategies and selection of the best alternative is referred to as

Accepted Answer

A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation. 
A)  alternative generation. 
B)  strategic implementation. 
C)  strategic choice. 
D)  strategic selection. 
E)  evaluation. C

Question 2

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

Accepted Answer

A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur. 
A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur. A

Question 3

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

Accepted Answer

A)  cooperative strategy. 
B)  political strategy. 
C)  competitive strategy. 
D)  marketing strategy. 
E)  profit strategy. 
A)  cooperative strategy. 
B)  political strategy. 
C)  competitive strategy. 
D)  marketing strategy. 
E)  profit strategy. B

Question 4

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?

Accepted Answer

A)  Which stakeholder group should be represented on the board of directors? 
B)  How will this decision affect each stakeholder? 
C)  How much of what the stakeholders want are they likely to get under a certain alternative? 
D)  What are the stakeholders likely to do if they don't get what they want? 
E)  What is the probability that the stakeholders will follow through on their demand? 
A)  Which stakeholder group should be represented on the board of directors? 
B)  How will this decision affect each stakeholder? 
C)  How much of what the stakeholders want are they likely to get under a certain alternative? 
D)  What are the stakeholders likely to do if they don't get what they want? 
E)  What is the probability that the stakeholders will follow through on their demand?

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

Accepted Answer

Outsourcing is purchasing from someone e

Question 7

A company which pioneers an innovation is called a

Accepted Answer

A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur. 
A)  technological follower. 
B)  technological opportunist. 
C)  technological leader. 
D)  technological manufacturer. 
E)  technological entrepreneur.

Question 8

The follow-the-moon management philosophy allows project team members living in one country to pass their work to team members in another country in which the workday is just beginning.

Accepted Answer

A) True 
 B)False

Question 9

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?

Accepted Answer

A)  open innovation 
B)  differentiation 
C)  technology scouts 
D)  continuous improvement 
E)  technological leadership 
A)  open innovation 
B)  differentiation 
C)  technology scouts 
D)  continuous improvement 
E)  technological leadership

Question 10

Using a market development strategy, a company can capture a larger share of an existing market for current products or develop new markets for current products.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following reflects the impact of industry backgrounds on strategic choices?

Accepted Answer

A)  Executives from other industries tend to make riskier decisions. 
B)  Executives with strong ties within an industry tend to choose strategies commonly used in that industry. 
C)  Executives from other industries tend to downsize as a first choice. 
D)  Executives with strong ties within an industry tend to make riskier decisions. 
E)  Executives from other industries tend to emphasize ROI. 
A)  Executives from other industries tend to make riskier decisions. 
B)  Executives with strong ties within an industry tend to choose strategies commonly used in that industry. 
C)  Executives from other industries tend to downsize as a first choice. 
D)  Executives with strong ties within an industry tend to make riskier decisions. 
E)  Executives from other industries tend to emphasize ROI.

Question 12

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 13

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 14

The first step in constructing a corporate scenario is to

Accepted Answer

A)  develop a common-sized financial statement. 
B)  construct detailed pro forma financial statements. 
C)  decide upon how much risk management is willing to accept. 
D)  analyze the societal environment. 
E)  use industry scenarios to develop a set of assumptions about the task environment. 
A)  develop a common-sized financial statement. 
B)  construct detailed pro forma financial statements. 
C)  decide upon how much risk management is willing to accept. 
D)  analyze the societal environment. 
E)  use industry scenarios to develop a set of assumptions about the task environment.

Question 15

When Colgate-Palmolive and Unilever take a successful product that they marketed in one part of the world and market it elsewhere, they are following a market development strategy.

Accepted Answer

A) True 
 B)False

Question 16

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?

Accepted Answer

A)  follow the leader 
B)  hit another home run 
C)  arms race 
D)  do everything 
E)  losing hand 
A)  follow the leader 
B)  hit another home run 
C)  arms race 
D)  do everything 
E)  losing hand

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Accepted Answer

A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada. 
A)  the United States. 
B)  Sweden. 
C)  Japan. 
D)  Germany. 
E)  Canada.

Question 19

Which strategy is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized?

Accepted Answer

A)  business strategy 
B)  competitive strategy 
C)  generic strategy 
D)  enterprise strategy 
E)  functional strategy 
A)  business strategy 
B)  competitive strategy 
C)  generic strategy 
D)  enterprise strategy 
E)  functional strategy

Question 20

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

Accepted Answer

W.Edward Deming strongly recommended sol

The evaluation of alternative strategies and selection of the best alternative is referred to as

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

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

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?

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

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

A company which pioneers an innovation is called a

The follow-the-moon management philosophy allows project team members living in one country to pass their work to team members in another country in which the workday is just beginning.

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?

Using a market development strategy, a company can capture a larger share of an existing market for current products or develop new markets for current products.

Which of the following reflects the impact of industry backgrounds on strategic choices?

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.

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.

The first step in constructing a corporate scenario is to

When Colgate-Palmolive and Unilever take a successful product that they marketed in one part of the world and market it elsewhere, they are following a market development strategy.

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?

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

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Which strategy is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized?

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

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

The evaluation of alternative strategies and selection of the best alternative is referred to as

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

The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is

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?

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

What is outsourcing? What are the seven major outsourcing errors that should be avoided?

A company which pioneers an innovation is called a

The follow-the-moon management philosophy allows project team members living in one country to pass their work to team members in another country in which the workday is just beginning.

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?

Using a market development strategy, a company can capture a larger share of an existing market for current products or develop new markets for current products.

Which of the following reflects the impact of industry backgrounds on strategic choices?

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.

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.

The first step in constructing a corporate scenario is to

When Colgate-Palmolive and Unilever take a successful product that they marketed in one part of the world and market it elsewhere, they are following a market development strategy.

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?

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

Continuous improvement is an operations concept developed by Deming and perfected by firms in

Which strategy is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized?

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

Basic Concepts in Strategic Management

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters