Exam 7: Strategy Formulation and Implementation

Gillette operates numerous strategic business units. Most of its ____ are in the personal care division.

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

It is argued that ____________________ is the most difficult and most important part of strategic management.

____________________ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

With a multidomestic strategy, a company will achieve the globalization or standardization of marketing and production approaches.

List Porter's competitive forces.

"How do we compete?" question concerns functional-level strategy.

Strategy means knowing your desired outcomes, how to acquire factual knowledge, thinking clearly about tactics and cause-effect relationships, and implementing behaviors that will achieve the desired outcomes.

A differentiation strategy can increase rivalry with competitors if buyers are loyal to a company's brand.

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

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

The world-wide standardization of product design and advertising refers to globalization.

When AT&T decided to buy Media One, a cable company, it was pursuing a

Which of the following is NOT one of the tools used for putting strategy into action?

Communication is one of the most important methods for effective strategy execution.

The bargaining power of customers is one of Porter's five competitive forces.

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

Which of the following is NOT one of Porter's competitive forces?

Which of the following is NOT a strength of the social network company, Facebook?

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.