Exam 6: Formulating Strategy

________ reveal an inefficient use of assets that restricts profitability.

The primary motive in the contract manufacturing strategy is ________.

Jamie decides to plan his strategies for starting an electric equipment manufacturing company.His main aim is to ensure that it runs efficiently.He decides to do this in two phases: the planning phase and the implementation phase.Which of the following processes is Jamie employing?

Which of the following terms refers to the continuous process of gathering and evaluating information about variables and events around the world that may pose threats or opportunities to the firm?

The mission of an organization provides a basis for strategic decision making.

The process of gathering information and forecasting relevant trends,competitive actions,and circumstances that will affect operations in geographic areas of potential interest is called ________.

Panera Bread is a chain of cafes serving sandwiches,soups,and freshly baked breads.The company began in 1981 with stores primarily located along the east coast of the U.S.Since then,the firm has expanded to over 1,300 locations throughout the U.S.and Canada.The firm has strong earnings and has been designated by Business Week as a "Significant Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy.Which of the following,if true,supports the argument that Panera Bread should expand into Asia through franchising?

Which of the following is an external factor that affects the choice of international entry mode for a company?

According to Ghemawat,which of the following offers room for cross-border strategy to have content distinct from single-country strategy?

What is the difference between environmental scanning at the multinational level and the regional level?

List the seven steps in the strategic management process.

Describe the various sources of information that are available to managers.

A ________ gives a foreign company the rights to oversee the daily operations of a business but not to make decisions regarding ownership,financing,or strategic and policy changes.

Which of the following is generally viewed as the most risky entry strategy?

Which of the following is the most common reactive reason for a firm to extend its operations overseas?

________ is an ideal strategy for small businesses with few financial and managerial resources for direct investment abroad.

In environmental scanning,the first broad scan of all potential world markets results in the firm being able to eliminate from its list those markets that are closed or insignificant or do not have reasonable entry conditions.

The strategic management process invariably follows a linear format.

Meryl Software Inc.,an American MNC wishing total control of its operations,wants to acquire an existing firm,Graphiti Animations,in Canada.If acquired,Graphiti Animations would be a ________.

The availability of raw materials and other resources offers both greater control over inputs and lower transportation costs.