Question 1

The difference between the pre-strategy and post-strategy values for the business is

Accepted Answer

A)  ROI. 
B)  EPS. 
C)  ROE. 
D)  EVA. 
E)  MVA. 
A)  ROI. 
B)  EPS. 
C)  ROE. 
D)  EVA. 
E)  MVA.

Question 2

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

Accepted Answer

A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method 
A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method

Question 3

What is the most commonly used measure of corporate performance (in terms of profits)? Discuss the limitations of using this measure.

Accepted Answer

The most commonly used measure of corpor

Question 4

Discuss the benchmarking process.

Accepted Answer

Benchmarking is "the continual process o

Question 5

Which one of the following is NOT one of the reasons why many executives do not conduct long-run performance evaluations while preferring to focus primarily on short-run performance?

Accepted Answer

A)  They do not realize their importance. 
B)  They are not personally evaluated on a long-term basis. 
C)  They believe short-run considerations are more important than long-run considerations. 
D)  They do not have the time to make a long-run analysis. 
E)  They do not believe in strategic planning. 
A)  They do not realize their importance. 
B)  They are not personally evaluated on a long-term basis. 
C)  They believe short-run considerations are more important than long-run considerations. 
D)  They do not have the time to make a long-run analysis. 
E)  They do not believe in strategic planning.

Question 6

Which of the following is NOT considered an adequate measure by itself of corporate performance?

Accepted Answer

A)  ROI 
B)  EPS 
C)  ROE 
D)  operating cash flow 
E)  all of the above 
A)  ROI 
B)  EPS 
C)  ROE 
D)  operating cash flow 
E)  all of the above

Question 7

If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process, operational managers must

Accepted Answer

A)  immediately notify the board of directors. 
B)  change the strategic management model. 
C)  know about it so that they can correct the employee activity. 
D)  allow sufficient time to pass to verify if it is the process or just the usage that is the problem. 
E)  check the performance data to ensure their accuracy and take two more measurements. 
A)  immediately notify the board of directors. 
B)  change the strategic management model. 
C)  know about it so that they can correct the employee activity. 
D)  allow sufficient time to pass to verify if it is the process or just the usage that is the problem. 
E)  check the performance data to ensure their accuracy and take two more measurements.

Question 8

RFID

Accepted Answer

A)  is radio frequency identification. 
B)  is an electronic tagging technology. 
C)  improves supply-chain efficiency. 
D)  is used as wireless computer passes for toll roads. 
E)  all of the above 
A)  is radio frequency identification. 
B)  is an electronic tagging technology. 
C)  improves supply-chain efficiency. 
D)  is used as wireless computer passes for toll roads. 
E)  all of the above

Question 9

One of the key reasons for the success of Walmart has been management's use of the company's sophisticated information system to control purchasing decisions.

Accepted Answer

A) True 
 B)False

Question 10

When GE offered its CEO 250,000 performance share units tied to performance targets achieved over five years, it was using which method of matching rewards to the accomplishment of strategic objectives?

Accepted Answer

A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method 
A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method

Question 11

All of the following are examples of behavior controls EXCEPT

Accepted Answer

A)  monitoring employees' phone calls. 
B)  monitoring employees' PCs. 
C)  monitoring employees' Internet usage. 
D)  using ISO 14000 Standards Series. 
E)  sales quotas. 
A)  monitoring employees' phone calls. 
B)  monitoring employees' PCs. 
C)  monitoring employees' Internet usage. 
D)  using ISO 14000 Standards Series. 
E)  sales quotas.

Question 12

Discuss the guidelines for proper control.

Accepted Answer

The following guidelines are recommended

Question 13

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

Accepted Answer

A)  the 60/40 rule. 
B)  the 30/70 rule. 
C)  the 80/20 rule. 
D)  success factors. 
E)  key performance measures. 
A)  the 60/40 rule. 
B)  the 30/70 rule. 
C)  the 80/20 rule. 
D)  success factors. 
E)  key performance measures.

Question 14

Unlike ROI, managers cannot manipulate the numbers of EVA.

Accepted Answer

A) True 
 B)False

Question 15

The revenue center is measured in terms of efficiency.

Accepted Answer

A) True 
 B)False

Question 16

A multi-domestic MNC should use what type of controls on its foreign units?

Accepted Answer

A)  Management should be given considerable latitude, but be required to meet some predetermined performance targets. 
B)  Management should use a matrix structure allowing some limited autonomy of the foreign unit. 
C)  Management needs to exert tight controls over its many units using a centralized strategic operational decision-making format. 
D)  Management should use a functional approach assigning distinct and separate responsibilities to each department throughout the MNC. 
E)  Management should use a divisional approach assigning goals and targets for each product-group throughout the MNC. 
A)  Management should be given considerable latitude, but be required to meet some predetermined performance targets. 
B)  Management should use a matrix structure allowing some limited autonomy of the foreign unit. 
C)  Management needs to exert tight controls over its many units using a centralized strategic operational decision-making format. 
D)  Management should use a functional approach assigning distinct and separate responsibilities to each department throughout the MNC. 
E)  Management should use a divisional approach assigning goals and targets for each product-group throughout the MNC.

Question 17

Behavior, output, and input controls are all interchangeable.

Accepted Answer

A) True 
 B)False

Question 18

Behavior controls specify how something is to be done through policies, rules, standard operating procedures, and orders from a superior.

Accepted Answer

A) True 
 B)False

Question 19

Operating cash flow is also known as free cash flow.

Accepted Answer

A) True 
 B)False

Question 20

International transfer pricing is primarily used not to evaluate performance, but to minimize taxes.

Accepted Answer

A) True 
 B)False

The difference between the pre-strategy and post-strategy values for the business is

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

What is the most commonly used measure of corporate performance (in terms of profits)? Discuss the limitations of using this measure.

Discuss the benchmarking process.

Which one of the following is NOT one of the reasons why many executives do not conduct long-run performance evaluations while preferring to focus primarily on short-run performance?

Which of the following is NOT considered an adequate measure by itself of corporate performance?

If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process, operational managers must

RFID

One of the key reasons for the success of Walmart has been management's use of the company's sophisticated information system to control purchasing decisions.

When GE offered its CEO 250,000 performance share units tied to performance targets achieved over five years, it was using which method of matching rewards to the accomplishment of strategic objectives?

All of the following are examples of behavior controls EXCEPT

Discuss the guidelines for proper control.

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

Unlike ROI, managers cannot manipulate the numbers of EVA.

The revenue center is measured in terms of efficiency.

A multi-domestic MNC should use what type of controls on its foreign units?

Behavior, output, and input controls are all interchangeable.

Behavior controls specify how something is to be done through policies, rules, standard operating procedures, and orders from a superior.

Operating cash flow is also known as free cash flow.

International transfer pricing is primarily used not to evaluate performance, but to minimize taxes.

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 Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

Filters

Exam 11: Evaluation and Control

The difference between the pre-strategy and post-strategy values for the business is

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

What is the most commonly used measure of corporate performance (in terms of profits)? Discuss the limitations of using this measure.

Discuss the benchmarking process.

Which one of the following is NOT one of the reasons why many executives do not conduct long-run performance evaluations while preferring to focus primarily on short-run performance?

Which of the following is NOT considered an adequate measure by itself of corporate performance?

If performance data and activity reports indicate undesirable performance as a result of inappropriate use of the strategic management process, operational managers must

RFID

One of the key reasons for the success of Walmart has been management's use of the company's sophisticated information system to control purchasing decisions.

When GE offered its CEO 250,000 performance share units tied to performance targets achieved over five years, it was using which method of matching rewards to the accomplishment of strategic objectives?

All of the following are examples of behavior controls EXCEPT

Discuss the guidelines for proper control.

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

Unlike ROI, managers cannot manipulate the numbers of EVA.

The revenue center is measured in terms of efficiency.

A multi-domestic MNC should use what type of controls on its foreign units?

Behavior, output, and input controls are all interchangeable.

Behavior controls specify how something is to be done through policies, rules, standard operating procedures, and orders from a superior.

Operating cash flow is also known as free cash flow.

International transfer pricing is primarily used not to evaluate performance, but to minimize taxes.

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 Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

Filters