Exam 11: Strategy and Performance Excellence

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The term "management challenges" refers to those pressures that exert a decisive influence on an organization's likelihood of future success.

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_____ set an organization's longer-term directions and guide resource allocation decisions.

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A _____ statement articulates the basic characteristics that shape an organization's view of the future and its strategy.

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Which of the following is a proper description of a tree diagram?

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_____ coordinate the internal work processes and the external resources necessary to develop,produce,and deliver products and services to customers and to succeed in the marketplace.

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A firm purchasing a key supplier to strengthen its value chain is an example of _____.

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In many cases,the decision to vertically integrate is based solely on costs without considering the impact on other business priorities.

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Why are action plans important in strategy deployment?

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The Seven Management and Planning Tools had their roots in post-World War II operations research developments in Japan,but were combined and refined by several U.S.companies over the past several decades as part of their planning processes.

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Mission is the pattern of decisions that determines and reveals an organization's goals,policies,and plans to meet the needs of its stakeholders.

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Discuss the strategic planning process used by Cigna.

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What is Branch-Smith Printing Division's vision statement?

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Decisions about work systems are _____.

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Japanese firms introduced a newer deployment process adapted by Japanese and American companies known as _____.

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In line and staff organizations,staff departments carry out the functions of marketing,finance,and production for the organization.

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The major drawback of the matrix-type organization is that it:

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Mission statements typically include details of resource commitments and time horizons for their accomplishment.

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Which of the following is a key challenge of the U.S.health care marketplace?

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Process decision program charts are spreadsheets that graphically display relationships between ideas,activities,or other dimensions in such a way as to provide logical connecting points between each item.

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What is the mission statement of Branch-Smith Printing Division?

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