Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

According to Porter, to achieve a cost advantage by following the functional strategy of technological followership, a business unit should

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

When a company spends a large amount of money on trade promotion in order to gain or hold shelf space in retail outlets, a company is using a ________ strategy.

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

All of the following are benefits for a company to raising its debt levels EXCEPT

A company may use which of the following trade promotions to "pull" their products through the distribution system?

A flexible manufacturing system is

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

The most commonly used political strategies include which of the following?

Logistics strategy deals with the flow of products into and out of the manufacturing process.

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 Paul Nutt, a decision-making authority, what percent of decisions made by managers are failures?

As it relates to operations, AMT stands for

The type of marketing strategy in which a company captures a larger share of an existing market for current products through market saturation or market penetration or develops new markets for current products is called

When components are standardized and each machine functions like a job shop but is positioned in the same order as the parts are processed, this setup is known as

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.

Many companies have found that outsourcing logistics

Give an example of a technological leader.

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

In evaluating a strategic alternative, if there is little fit with the company's culture, what are management's options?