Question 1

An organization that provides exclusive products is competing on the basis of

Accepted Answer

A)  differentiation 
B)  cost 
C)  goodwill 
D)  competitive difference 
A)  differentiation 
B)  cost 
C)  goodwill 
D)  competitive difference

Question 2

Business strategy focuses on how an organization will create value for a portfolio of business lines.

Accepted Answer

A) True 
 B)False

Question 3

Corporate strategy focuses on creating a competitive advantage across industries.

Accepted Answer

A) True 
 B)False

Question 4

The four components of the strategy model are

Accepted Answer

A)  goals, products, markets, and activities 
B)  financial resources, goals, markets, and products 
C)  focus, goals, activities, and financial resources 
D)  value, goals, focus, and activities 
A)  goals, products, markets, and activities 
B)  financial resources, goals, markets, and products 
C)  focus, goals, activities, and financial resources 
D)  value, goals, focus, and activities

Question 5

The corporate management typically determines the industries in which the organization will compete.

Accepted Answer

A) True 
 B)False

Question 6

A growth strategy is one that implies the priorities are

Accepted Answer

A)  market share, return on investment, and shareholder satisfaction 
B)  increased sales, lower costs, and higher profits 
C)  market, plant, and personnel investments 
D)  revenue, cost containment, and higher earnings per share 
A)  market share, return on investment, and shareholder satisfaction 
B)  increased sales, lower costs, and higher profits 
C)  market, plant, and personnel investments 
D)  revenue, cost containment, and higher earnings per share

Question 7

An organization's value proposition reflects the benefits it has chosen to offer in the marketplace.

Accepted Answer

A) True 
 B)False

Question 8

McCain's approach to build a competitive differentiation and advantage in its worldwide french-fried potato business can be described as

Accepted Answer

A)  an effective goal structure 
B)  a product market focus 
C)  a well-defined value proposition 
D)  a distinctive core competency 
A)  an effective goal structure 
B)  a product market focus 
C)  a well-defined value proposition 
D)  a distinctive core competency

Question 9

The soft goals of an organization are targets for the

Accepted Answer

A)  financial performance of the business 
B)  social conduct of the business 
C)  operation of the corporate office 
D)  organization's contributions to the community 
A)  financial performance of the business 
B)  social conduct of the business 
C)  operation of the corporate office 
D)  organization's contributions to the community

Question 10

Core activities are considered

Accepted Answer

A)  standard for all businesses within an industry 
B)  critical to the operation of the business 
C)  essential functions for the market leader 
D)  outsourced activities 
A)  standard for all businesses within an industry 
B)  critical to the operation of the business 
C)  essential functions for the market leader 
D)  outsourced activities

Question 11

A growth strategy implies a focus on investment without sacrificing current profitability.

Accepted Answer

A) True 
 B)False

Question 12

The 'base case' strategy is the current strategy adjusted for inflation.

Accepted Answer

A) True 
 B)False

Question 13

Three key functions for a vertically integrated firm are

Accepted Answer

A)  supply management, production, and sales 
B)  resource agreements, manufacturing, and marketing 
C)  capital acquisition, equipment, and plant operations 
D)  raw material supply, manufacturing, and distribution 
A)  supply management, production, and sales 
B)  resource agreements, manufacturing, and marketing 
C)  capital acquisition, equipment, and plant operations 
D)  raw material supply, manufacturing, and distribution

Question 14

The ultimate test of the utility of corporate strategy is in the

Accepted Answer

A)  optimism of shareholders 
B)  endorsement of the Board of Directors 
C)  commitment of the employees 
D)  performance of the corporation 
A)  optimism of shareholders 
B)  endorsement of the Board of Directors 
C)  commitment of the employees 
D)  performance of the corporation

Question 15

Returns to the shareholder are an example of a 'hard' business goal.

Accepted Answer

A) True 
 B)False

An organization that provides exclusive products is competing on the basis of

Business strategy focuses on how an organization will create value for a portfolio of business lines.

Corporate strategy focuses on creating a competitive advantage across industries.

The four components of the strategy model are

The corporate management typically determines the industries in which the organization will compete.

A growth strategy is one that implies the priorities are

An organization's value proposition reflects the benefits it has chosen to offer in the marketplace.

McCain's approach to build a competitive differentiation and advantage in its worldwide french-fried potato business can be described as

The soft goals of an organization are targets for the

Core activities are considered

A growth strategy implies a focus on investment without sacrificing current profitability.

The 'base case' strategy is the current strategy adjusted for inflation.

Three key functions for a vertically integrated firm are

The ultimate test of the utility of corporate strategy is in the

Returns to the shareholder are an example of a 'hard' business goal.

A General Management Perspective

The Diamond-E Framework

Tools for Environment Analysis

Environment Analysis

Resource Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy Change Agenda and Starting Conditions

Implementing Strategy Guidelines and Action

Filters

Exam 2: Strategy

An organization that provides exclusive products is competing on the basis of

Business strategy focuses on how an organization will create value for a portfolio of business lines.

Corporate strategy focuses on creating a competitive advantage across industries.

The four components of the strategy model are

The corporate management typically determines the industries in which the organization will compete.

A growth strategy is one that implies the priorities are

An organization's value proposition reflects the benefits it has chosen to offer in the marketplace.

McCain's approach to build a competitive differentiation and advantage in its worldwide french-fried potato business can be described as

The soft goals of an organization are targets for the

Core activities are considered

A growth strategy implies a focus on investment without sacrificing current profitability.

The 'base case' strategy is the current strategy adjusted for inflation.

Three key functions for a vertically integrated firm are

The ultimate test of the utility of corporate strategy is in the

Returns to the shareholder are an example of a 'hard' business goal.

A General Management Perspective

The Diamond-E Framework

Tools for Environment Analysis

Environment Analysis

Resource Analysis

Management Preference Analysis

Strategy and Organization

Strategic Choice

Implementing Strategy Change Agenda and Starting Conditions

Implementing Strategy Guidelines and Action

Filters