Question 1

Virgin Blue acquiring Tiger Air is an example of which of the following?

Accepted Answer

A) Diversification 
B) Horizontal integration 
C) Vertical integration 
D) Concentration 
A) Diversification 
B) Horizontal integration 
C) Vertical integration 
D) Concentration

Question 2

A six-month plan qualifies as a short-term plan.

Accepted Answer

A) True 
 B)False

Question 3

Which step of the strategic management process helps identify an organisation's resources and capabilities?

Accepted Answer

A) Formulating strategies 
B) Doing an internal analysis 
C) Evaluating results 
D) Identifying the mission 
A) Formulating strategies 
B) Doing an internal analysis 
C) Evaluating results 
D) Identifying the mission

Question 4

In traditional goal setting, a top manager and a production manager define goals together.

Accepted Answer

A) True 
 B)False

Question 5

Metcash (owner of the IGA supermarket group) increasing its supermarket holdings is an example of which of the following?

Accepted Answer

A) Vertical integration 
B) Concentration 
C) Horizontal integration 
D) Diversification 
A) Vertical integration 
B) Concentration 
C) Horizontal integration 
D) Diversification

Question 6

Describe three ways formal planning helps manage for sustainability.

Accepted Answer

Answers may include three of the followi

Question 7

Reduced uncertainty and improved coordination are reasons managers should _________.

Accepted Answer

A) deal with change 
B) minimise waste 
C) control morale 
D) engage in planning 
A) deal with change 
B) minimise waste 
C) control morale 
D) engage in planning

Question 8

A company that looks for a niche in the market is following which strategy?

Accepted Answer

A) Retrenchment 
B) Focus 
C) Differentiation 
D) Corporate 
A) Retrenchment 
B) Focus 
C) Differentiation 
D) Corporate

Question 9

Formal planning often results in ground-breaking visions that help reinvent the industry.

Accepted Answer

A) True 
 B)False

Question 10

A mobile phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to _________.

Accepted Answer

A) obtain new customers 
B) identify emerging trends 
C) obtain new advertisers 
D) identify potential rivals 
A) obtain new customers 
B) identify emerging trends 
C) obtain new advertisers 
D) identify potential rivals

Question 11

A company would be likely to do all of the following as part of a competitive intelligence program except _________.

Accepted Answer

A) buy shares in a competitor's company 
B) buy competitors' products 
C) have employees evaluate competing products 
D) attend trade shows 
A) buy shares in a competitor's company 
B) buy competitors' products 
C) have employees evaluate competing products 
D) attend trade shows

Question 12

For a limited time, Taste is thinking of coming out with a new sandwich that is 100 per cent vegan.Catering to the small segment of the market that is vegan is an example of a _________.

Accepted Answer

A) long-term strategy 
B) focus strategy 
C) differentiation strategy 
D) cost leadership strategy 
A) long-term strategy 
B) focus strategy 
C) differentiation strategy 
D) cost leadership strategy

Question 13

The more uncertain a situation is, the more _________ plans must be.

Accepted Answer

A) rigid 
B) short-term 
C) unspecific 
D) flexible 
A) rigid 
B) short-term 
C) unspecific 
D) flexible

Question 14

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

Accepted Answer

A) True 
 B)False

Question 15

When going through the strategic management process, a company first formulates the strategy, and then undertakes a SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 16

The final three steps in the strategic management process involve the creation, implementation and evaluation of strategies for realising organisational goals.

Accepted Answer

A) True 
 B)False

Question 17

What are the six steps of the strategic management process?

Accepted Answer

step 1: identifying the organisation's c

Question 18

In a means-ends chain, a goal at a lower level is _________.

Accepted Answer

A) attained only after higher level goals are fulfilled 
B) ignored if goals at higher levels are attained 
C) the bridge to a goal at the next higher level 
D) separate from the goal at the next higher level 
A) attained only after higher level goals are fulfilled 
B) ignored if goals at higher levels are attained 
C) the bridge to a goal at the next higher level 
D) separate from the goal at the next higher level

Question 19

A company with a differentiation strategy focuses on making its products or services _________.

Accepted Answer

A) affordable 
B) familiar 
C) similar to its competitors 
D) unique and special 
A) affordable 
B) familiar 
C) similar to its competitors 
D) unique and special

Question 20

In a short essay, define planning and compare formal and informal planning as they are used in various organisations.

Accepted Answer

Planning involves defining the organisat

Virgin Blue acquiring Tiger Air is an example of which of the following?

A six-month plan qualifies as a short-term plan.

Which step of the strategic management process helps identify an organisation's resources and capabilities?

In traditional goal setting, a top manager and a production manager define goals together.

Metcash (owner of the IGA supermarket group) increasing its supermarket holdings is an example of which of the following?

Describe three ways formal planning helps manage for sustainability.

Reduced uncertainty and improved coordination are reasons managers should _________.

A company that looks for a niche in the market is following which strategy?

Formal planning often results in ground-breaking visions that help reinvent the industry.

A mobile phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to _________.

A company would be likely to do all of the following as part of a competitive intelligence program except _________.

For a limited time, Taste is thinking of coming out with a new sandwich that is 100 per cent vegan.Catering to the small segment of the market that is vegan is an example of a _________.

The more uncertain a situation is, the more _________ plans must be.

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

When going through the strategic management process, a company first formulates the strategy, and then undertakes a SWOT analysis.

The final three steps in the strategic management process involve the creation, implementation and evaluation of strategies for realising organisational goals.

What are the six steps of the strategic management process?

In a means-ends chain, a goal at a lower level is _________.

A company with a differentiation strategy focuses on making its products or services _________.

In a short essay, define planning and compare formal and informal planning as they are used in various organisations.

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 4: Foundations of Planning

Virgin Blue acquiring Tiger Air is an example of which of the following?

A six-month plan qualifies as a short-term plan.

Which step of the strategic management process helps identify an organisation's resources and capabilities?

In traditional goal setting, a top manager and a production manager define goals together.

Metcash (owner of the IGA supermarket group) increasing its supermarket holdings is an example of which of the following?

Describe three ways formal planning helps manage for sustainability.

Reduced uncertainty and improved coordination are reasons managers should _________.

A company that looks for a niche in the market is following which strategy?

Formal planning often results in ground-breaking visions that help reinvent the industry.

A mobile phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to _________.

A company would be likely to do all of the following as part of a competitive intelligence program except _________.

For a limited time, Taste is thinking of coming out with a new sandwich that is 100 per cent vegan.Catering to the small segment of the market that is vegan is an example of a _________.

The more uncertain a situation is, the more _________ plans must be.

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

When going through the strategic management process, a company first formulates the strategy, and then undertakes a SWOT analysis.

The final three steps in the strategic management process involve the creation, implementation and evaluation of strategies for realising organisational goals.

What are the six steps of the strategic management process?

In a means-ends chain, a goal at a lower level is _________.

A company with a differentiation strategy focuses on making its products or services _________.

In a short essay, define planning and compare formal and informal planning as they are used in various organisations.

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters