Question 1

List the four possible types of products or businesses that exist according to the BCG Matrix.

Accepted Answer

Dogs,stars

Question 2

Briefly describe the Boston Consulting Group matrix,including its dimensions,quadrants and strategic recommendations.

Accepted Answer

The two dimensions of the matrix are bus

Question 3

A core competency exists when an organisation:

Accepted Answer

A)  makes large profits 
B)  has a specific ability to generate value that none of its competitors can match 
C)  has a short-term competitive advantage 
D)  is able to outsource its services to other organisations 
E)  is able to take advantage of a global opportunity. 
A)  makes large profits 
B)  has a specific ability to generate value that none of its competitors can match 
C)  has a short-term competitive advantage 
D)  is able to outsource its services to other organisations 
E)  is able to take advantage of a global opportunity.

Question 4

Identify and define the purpose of the three levels of strategy.

Accepted Answer

-Corporate-level deals with strategising

Question 5

A(n)_________________( two words)is a specific segment of a mass-market that an organisation wishes to target specifically and more effectively than its competitors are able to.

Accepted Answer

The answer of A(n)_________________( two words)is a specific segment of...

Question 6

According to the BCG matrix ,a cash cow:

Accepted Answer

A)  generates tremendous profits in a rapidly growing industry 
B)  has a small market share in a rapidly growing industry 
C)  has a small market share in a slow growth industry 
D)  has a large market share in a slow growth industry 
E)  is generally a dead business that should be divested. 
A)  generates tremendous profits in a rapidly growing industry 
B)  has a small market share in a rapidly growing industry 
C)  has a small market share in a slow growth industry 
D)  has a large market share in a slow growth industry 
E)  is generally a dead business that should be divested.

Question 7

Briefly discuss Porter's three competitive strategies.

Accepted Answer

Porter identified three competitive stra

Question 8

List,in a logical order,the stages of the strategic management process

Accepted Answer

1.Evaluate current mission,goals and gra

Question 9

The overall plan of action for the organisation is known as:

Accepted Answer

A)  the mission statement 
B)  the grand strategy 
C)  a strategic plan 
D)  the organisational vision 
E)  a competitive plan. 
A)  the mission statement 
B)  the grand strategy 
C)  a strategic plan 
D)  the organisational vision 
E)  a competitive plan.

Question 10

How business units and product lines fit together in a logical way is the essence of:

Accepted Answer

A)  business-level strategy 
B)  portfolio strategy 
C)  competitive strategy 
D)  financial strategy 
E)  functional strategy. 
A)  business-level strategy 
B)  portfolio strategy 
C)  competitive strategy 
D)  financial strategy 
E)  functional strategy.

Question 11

Under the assumptions of the BCG Matrix,a 'dog' has a:

Accepted Answer

A)  large market share in a rapidly growing industry 
B)  large market share in a slow growth industry 
C)  small market share in a rapidly growing industry 
D)  small share of a slow growth market 
E)  moderate market share in a rapidly growing industry. 
A)  large market share in a rapidly growing industry 
B)  large market share in a slow growth industry 
C)  small market share in a rapidly growing industry 
D)  small share of a slow growth market 
E)  moderate market share in a rapidly growing industry.

Question 12

A(n)____________________ strategy seeks to achieve both global integration and national responsiveness.

Accepted Answer

The answer of A(n)____________________ strategy seeks to achieve both global...

Question 13

According to the BCG matrix,a _________________ has a low market share market share in a low growth industry.

Accepted Answer

The answer of According to the BCG matrix,a _________________ has...

Question 14

A plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organisation attain its goals is known as its____________.

Accepted Answer

The answer of A plan of action that prescribes resource...

Question 15

An organisation's core competency is something the organisation does equally,if not better,than its competitors.

Accepted Answer

A) True 
 B)False

Question 16

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organisation and its environment so as to achieve organisational goals is known as:

Accepted Answer

A)  strategy formulation 
B)  strategic planning 
C)  strategic management 
D)  strategy implementation 
E)  strategy evaluation. 
A)  strategy formulation 
B)  strategic planning 
C)  strategic management 
D)  strategy implementation 
E)  strategy evaluation.

Question 17

A(n)___________________ strategy is a type of corporate level strategy relates to the organisation's next of strategic business units.

Accepted Answer

The answer of A(n)___________________ strategy is a type of corporate...

Question 18

In terms of the assumptions of the BCG matrix,the question mark refers to questionable strategies that require immediate divestment.

Accepted Answer

A) True 
 B)False

Question 19

In 1999,the National Australia Bank chose to spend a good deal of financial capital and effort to move to global standards in its financial service products.This is an example of the implementation of a(n)__________ strategy.

Accepted Answer

A)  multidomestic 
B)  internal 
C)  external 
D)  globalisation 
A)  multidomestic 
B)  internal 
C)  external 
D)  globalisation

Question 20

Which of these relates to the entire organisation?

Accepted Answer

A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy 
A)  Business-level strategy 
B)  Functional-level strategy 
C)  Corporate-level strategy 
D)  Operational-level strategy 
E)  Competitive-level strategy

Exam 8: Strategy Formulation and Implementation

List the four possible types of products or businesses that exist according to the BCG Matrix.

Briefly describe the Boston Consulting Group matrix,including its dimensions,quadrants and strategic recommendations.

A core competency exists when an organisation:

Identify and define the purpose of the three levels of strategy.

A(n)_________________( two words)is a specific segment of a mass-market that an organisation wishes to target specifically and more effectively than its competitors are able to.

According to the BCG matrix ,a cash cow:

Briefly discuss Porter's three competitive strategies.

List,in a logical order,the stages of the strategic management process

The overall plan of action for the organisation is known as:

How business units and product lines fit together in a logical way is the essence of:

Under the assumptions of the BCG Matrix,a 'dog' has a:

A(n)____________________ strategy seeks to achieve both global integration and national responsiveness.

According to the BCG matrix,a _________________ has a low market share market share in a low growth industry.

A plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organisation attain its goals is known as its____________.

An organisation's core competency is something the organisation does equally,if not better,than its competitors.

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organisation and its environment so as to achieve organisational goals is known as:

A(n)___________________ strategy is a type of corporate level strategy relates to the organisation's next of strategic business units.

In terms of the assumptions of the BCG matrix,the question mark refers to questionable strategies that require immediate divestment.

In 1999,the National Australia Bank chose to spend a good deal of financial capital and effort to move to global standards in its financial service products.This is an example of the implementation of a(n)__________ strategy.

Which of these relates to the entire organisation?

The Changing World of Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics,Social Responsibility and Sustainable Development

Managing Start-Ups and New Ventures

Organisational Planning and Goal Setting

Managerial Decision Making

Designing Organisation Structure

Managing Change and Innovation

Managing Human Resourcess

Managing Diversity

Individual Behaviour in Organisations

Leadership

Motivating Employees

Communication in Organisations

Leading Teams

Managerial and Quality Control

Managing the Value Chain, Information Technology and E-Business

Making Effective Management Happen

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