Exam 7: Strategy Formulation and Implementation

Scenario - Theresa Teutul Theresa Teutul was an executive with Digital Industries, a leading manufacturer of color televisions. She recognized that the color television market in the late 1970's was facing significant challenges. After two decades of highly successful development and marketing, the sales of color televisions had slowed and replacing older color television sets largely created her market. -Using the logic of the BCG grid, Theresa should recognize that her strategic business unit was in which quadrant?

Scenario - SS.com Faced with rapidly growing business, Swift Stocks, Inc., a global brokerage company with the largest market share, recently announced that they have established an on-line stock investment and trading subsidiary, SS.com, where investors can trade stocks at the lowest rates in the industry. The .com subsidiary has less than one percent market share but it faces a very high business growth rate. In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates. -Swift Stock's traditional brokerage business could be classified as a

In the BCG matrix, the star has a(n) ____________________ market share in a rapidly growing industry.

When properly managed, ____ can create additional value with existing resources, providing a big boost to the bottom line.

With a(n) ____________________ strategy, the organization aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls to produce products more efficiently than competitors.

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, ____________________ occurs.

Sears' decision to sell off much of its financial services division is an example of a

The combination of benefits received and costs paid by the customer refers to value.

Which of the following pertains to the organization as a whole?

Human resources, in strategy implementation, are the ability to influence people to adopt the new behaviors need.

Which of these is true about the dog division?

When Coca-Cola introduced Surge, a new citrus soft-drink, what type of strategy was being pursued?

Name and describe the three types of global strategies.

The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy.

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

In strategy implementation, leadership is the ability to influence people to adopt the new behaviors need.

A corporate-level strategy is concerned with the question

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries?

Diversification is a strategy of moving into new lines of business.

Vertical integration means a firm expands into businesses that either produce the supplies needed to make products or that distribute and sell those products to customers.