Exam 9: Strategic Planning: Strategies, tactics, and Competitive Dynamics

A summer storm just passed through the town of Chester Oaks and caused much roofing and siding damage to homes.This storm offers a(n)________ to roofing and siding contractors.

The answer to which one of the following critical questions indicates whether the organization is progressing satisfactorily or not?

A business strategy that is generally applied to star or question mark SBUs is ________.

List in order the steps in the strategic management process.

According to the GE Multifactor Portfolio Matrix,businesses falling in cells that form a diagonal from lower left to upper right are the strongest and the ones the company should invest in and help to grow.

Which one of the following components includes new approaches to producing goods and services?

The set of forces and factors that positively or negatively impact an organization's ability to compete within its marketplace are known as the ________.

The ________ component is that part of the general environment that indicates how resources are being distributed and used within the environment.

________ is the process of ensuring that an organization possesses and benefits from the use of an appropriate organizational strategy.

Discuss the value of management conducting an Environmental Analysis.

Which one of the following is true about social values?

________ is a strategy adopted by management to increase the amount of business that an SBU is currently generating.

The Forrester Group of companies has many products,including a fertilizer manufacturing unit.While this unit has never been a source of high revenues in the past,the SBU has increasingly become an area of concern.For the last few years,this SBU has not generated enough business for the Forrester Group and the parent company does not see things changing in the future without substantial investment.In a market with low growth potential,its already low market share has declined further.Which one of the following strategies is the Forrester Group likely to choose for this SBU?

An SBU of FlexiTech Inc.manufactures CD drives.Although it has a large share in the market and the product makes significant profits for the company,market growth potential is limited.Under which quadrant of the BCG Growth-Share Matrix does the CD manufacturing unit fall?

Which one of the following is true about strategy?

Because tactical plans are based primarily on a prediction of the future,and strategic plans are based on known circumstances that exist within the organization,tactical plans are generally less detailed than strategic plans.

Which one of the following is the ability to manage people during implementation?

Strategic management is the process of ensuring an organization possesses and benefits from the use of an appropriate organizational strategy.

________,the fourth step of the strategic management process,puts formulated strategies into action.

Which one of the following strategy formulation tools was specifically developed to expand on the BCG Growth-Share Matrix?