Exam 9: Managing Strategy

________ is the ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision is not working.

In an organization, the single independent businesses which formulate their own competitive strategies are known as ________.

Evaluating an organization's intangible assets is part of conducting an internal analysis in the strategic management process.

Which one of the following provides a framework for understanding diverse businesses and helps managers establish priorities for allocating resources?

How can a cost leader use e-business to reduce costs?

A(n) ________ strategy determines what businesses a company is in or wants to be in, and what it wants to do with those businesses.

In the BCG matrix, a ________ enjoys a high anticipated growth rate and a high market share.

The final step in the strategic management process allows an organization to understand the ________.

A bank estimates the capabilities of its customer service employees prior to implementing a new training program designed to change their method of providing customer service. The bank is ________.

What is a strategic disadvantage of being a first mover?

A ________ describes the rationale of how a company is going to make money.