Exam 7: Strategy Formulation and Implementation

____________________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

The ____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

SWOT analysis includes a review of the internal threats and opportunities.

Flush Away, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as

To reach the goal of cutting costs, Delta Dreamforce rearranged its organizational chart to consolidate facilities. This is an example of which of the dimensions used for implementing strategy?

In the BCG matrix, the dog has ____________________ market share and ____________________ business growth rate.

The essence of formulating strategy is choosing how the organization will be identical to its key competitors in the industry.

The administration and implementation of the strategic plan is strategy execution.

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to implement strategy?

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

The internet tends to lower the bargaining power of suppliers.

The mix of business units and product lines that fit together in a logical way to provide synergy and competitive advantage for the corporation pertains to portfolio strategy.

Internal innovation means companies are independent and always go at it alone.

The standardization of product design and advertising strategies throughout the world is called ____________________.

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. -If Swift Stock's traditional brokerage business were to face a declining business growth, it may need to be reclassified as a

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. -The strategy that the BCG matrix suggests that Theresa should take for this SBU is

Which of the following refers to the acquisition of businesses that are related to current product lines or that takes the corporation into new areas?

Which of the following strategies refers to moving into a new business that is related to the company's existing business activities?