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

An SBU with a small market share of a high-growth market is a ________.

________ is a strategy adopted by management to maintain or slightly improve the amount of business that an SBU is generating.

Axis Cars is an automobile company based out of Delaware.They need to follow an organizational strategy to regain the market share they recently lost to Toyota.Which one of the following strategies will accomplish this objective?

The level of an organization's external environment that contains components having broad long-term implications for managing the organization is the ________.

Which one of the following is the ability to use information to determine whether a problem has arisen that is blocking implementation?

Which strategy is an organization following when it focuses on making an organization more competitive by developing a product or products that customers perceive as being different from products offered by competitors?

Porter's model emphasizes ________.

The general environment of an organization's external environment contains international,labor,customer,competitor,and supplier components.

Because strategic planning focuses on the long term and tactical planning on the short term,strategic plans cover a relatively long period of time whereas tactical plans cover a relatively short period of time.

A management guideline that advises managers to commit funds for planning only if in the foreseeable future they can anticipate a return on planning expenses as a result of the long-range planning analysis is known as the ________.

Lobbying efforts by interest groups and progress on the passage of laws are examples of the ________ component of the general environment.

GenEx Group manufactures a variety of products for different markets.One of its SBUs,GenEx Textiles,is one of its leading revenue generators.GenEx Textiles is the leading player in the market for textiles.However,the parent company has realized that growth prospects in the textile industry is limited.The company has already exploited the market to the fullest and sustained growth in the future is unlikely.In fact,a substantial amount of the revenue generated from this textile business is used to fund other SBUs of the parent company.GenEx Textiles is an example of a ________ for the GenEx Group.

According to Porter,________ refers to the power that customers have over the firms operating in an industry.

Which one of the following is true about the GE Multifactor Portfolio Matrix?

Which level of the organization's environment exists inside the organization and normally has immediate and specific implications for managing the organization?

________ is a strategy adopted to eliminate an SBU that is not generating a satisfactory amount of business and that has little hope of doing so in the near future.

Pasta Central,a fast-food chain,has realized that if it wants to beat its leading competitor and improve market share,it must improve its productivity.Which one of the following strategies is most likely to help Pasta Central to achieve this objective?

When an organization focuses on making itself more competitive by producing products more cheaply than competitors can,it is following a ________.

What is a SWOT analysis and what benefit does conducting this analysis offer to managers?

Kreme Makeups,Inc. ,an SBU of Kreme Industries,offers a wide variety of makeup products and accessories for women.Although the market growth rate is high,the SBU's current market share is low and it needs substantial investment.The parent company is trying to decide if Kreme Makeups has long-term sustainability before investing any more cash in it.In the context of the BCG matrix,this SBU of Kreme Industries would be classified as a ________.