Exam 7: Strategy Implementation
Exam 1: The Strategic Management Process40 Questions
Exam 2: The External Environment40 Questions
Exam 3: Organizational Resources and Competitive Advantage33 Questions
Exam 4: Strategic Leadership and Strategic Direction35 Questions
Exam 5: Business-Level Strategies39 Questions
Exam 6: Corporate Strategies37 Questions
Exam 7: Strategy Implementation33 Questions
Exam 8: Strategic Control and Restructuring34 Questions
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What is a matrix structure? When should it be used?
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(Essay)
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Correct Answer:
A matrix structure is a hybrid structure that combines some elements of functional structure and some of divisional structure.This structure is most common in organizations that receive work from customers in the form of projects,such as construction,engineering,consulting,or software development firms.Often these organizations face turbulent or uncertain competitive environments with both external market pressures and internal technical pressures.
A functional structure is designed around the outputs of an organization,as represented by product groups or markets.
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(True/False)
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Correct Answer:
False
Well-developed functional strategies should have all of the following characteristics except:
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(Multiple Choice)
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Correct Answer:
A
Which organizational structure is organized around inputs or activities that are required to produce products and has a high level of centralization?
(Multiple Choice)
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For each organization,there is one organization structure that will best optimize performance.
(True/False)
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What are some of the features found in firms that have high levels of innovation and entrepreneurship?
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Which of the following activities is most closely related to marketing strategies?
(Multiple Choice)
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An effective operations unit is one that promises the maximum efficiency or engineering perfection independent of the strategy of the business overall.
(True/False)
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Functional strategies are detailed action plans for implementing the growth and competitive strategies of the company.
(True/False)
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The firm's system of shared values that guides employees is called:
(Multiple Choice)
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Supply chain management involves the integration of the interests of the focal company,the company's customers and the company's suppliers.
(True/False)
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Which functional area is largely responsible for spanning the boundary of the organization to interact with customers?
(Multiple Choice)
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In most organizations,research and development strategy deals with all of the following except:
(Multiple Choice)
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Which structure combines the essential elements of the functional and divisional structures?
(Multiple Choice)
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The same marketing strategies are used in supporting low-cost leadership and differentiation strategies.
(True/False)
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If a foreign subsidiary focuses on one country,making only minor adjustments to the overall business strategy of the firm to meet local market needs,it is playing the role of:
(Multiple Choice)
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Factors that encourage innovation and entrepreneurship include all of the following except:
(Multiple Choice)
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The _____________ addresses the plan for aligning product and service operations with business strategies.
(Multiple Choice)
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