Exam 8: Strategy Formulation and Implementation

Using the Australian consumer market for petrol as your example,define and discuss Porter's 'five forces'.

According to the BCG Matrix,a business unit that experiences low market share and low market growth is known as the question mark.

Situation analysis typically includes a search for SWOT (situations without threats).

A division of an organisation that has a separate business mission,as well as unique product lines and competitors,is known as a:

_____________ represents a situation where an organisation's parts interact to produce a joint effect which is greater than the parts could achieve acting independently.

A plan of action that describes resource allocation and activities for dealing with the environment,achieving a competitive advantage,and attaining goals is known as a strategy.

List the ten questions that should be used as a checklist during the strategy formulation process.

Strategic decisions at the business level concern the amount of advertising,direction and extent of R & D,product changes,new product development,equipment and facilities,and expansion or contraction of product lines.

Demonstrate the notion of a strategic business unit (SBU)by visiting the Wesfarmers website and downloading their corporate structure.What different types of SBUs does Wesfarmers control,and how would you describe their corporate level strategy?

A business activity that an organisation performs better than all of its competitors in a given market is known as a(n)_____________________.

In the BCG Matrix,a new business venture,or a brand new product line would represent a Star for the organisation.

Define what is meant by the term 'target customer'.Use examples of target customer groups (in your country's road vehicle market)to illustrate your answer.

A pure _____________ strategy is difficult to achieve,because one goal requires close global coordination while the other goal requires local flexibility.

The combination of benefits received and costs paid by the customer is referred to as value.

Coles Supermarkets and Target are divisions of Coles Ltd.It is correct to state that Coles Ltd managers would formulate the company's corporate-level strategies,while the manager of Coles Supermarkets and Target would be responsible for business-level strategies.

With a ______________________________________(two words)strategy,the organisation aggressively seeks efficient facilities,pursues cost reductions and uses tight cost controls to produce products more efficiently than competitors.

Analysis of the strengths,weaknesses,opportunities and threats that affect organisational performance is known as a(n)_________________ (two words).

The BCG matrix organises businesses along two dimensions: _____________ (three words)and _____________ (two words).

A transnational strategy seeks to achieve both global integration and national responsiveness.

The planning and decision making that lead to the establishment of the organisation's goals and of a specific strategic plan is known as: