Exam 10: Strategy and Strategic Management

The difference between a corporate strategy and a functional strategy is that:

The preferred strategy for Cash cows is stability or modest growth because:

Bankruptcy under U.S. law protects a firm from creditors while management reorganizes to restore solvency.

A _____ strategy primarily customizes products and advertising to best fit local needs.

A globalization strategy adopts standardized products and advertising for use worldwide.

Strategic ____ makes sure strategies are well implemented and that poor strategies are scrapped or modified.

Which of the following is true about operating objectives?

Core values are broad beliefs about what is or is not appropriate behavior.

If a company focuses on developing new products and processes, the company is typically operating with the ____ objective.

When strategic control fails at the level of top management, it is supposed to kick in at the level of middle management.

Any special strength that gives an organization a competitive advantage is referred to as its _____.

In single-product enterprises, business strategies are distinct from corporate strategies.

Miranda Corp. changes its business strategy from a focused differentiation strategy to a focused cost leadership one, as this new strategy works better for the organization. Which of the following steps in the process of strategic management ideally includes this action?

In the context of vertical integration, when a business acquires suppliers, it is referred to as forward vertical integration.

In the process of strategic management, strategic implementation is typically followed by strategic analysis.

In an attractive industry, there are many competitors.

Syntagmatic, an educational consultancy firm, is particular about recruiting qualified professionals, so as to provide more value to its global clients. The company strives to maintain its high standard as well as to provide good insurances to its employees. Which of the following operating objectives is the primary focus of Syntagmatic?

Restructuring by downsizing primarily involves:

Syntagmatic, an educational consultancy firm, has purchased a few competitors the last few years. Before making the purchases, the company executives spend many months evaluating the competitor to make sure they acquisition will benefit the company in the future. Which of the following operating objectives is the primary focus of Syntagmatic?

Watercandy sells a range of premium confectionery products. Although the company's products are priced a little higher than those of its competitors, its customers are ready to pay for its unique flavours. Watercandy uses the _____ strategy to gain an advantage over its competitors.