Question 1

A(n) ____ differentiation strategy offers a unique product to a special market segment.

Accepted Answer

The answer of A(n) ____ differentiation strategy offers a unique...

Question 2

The preferred strategy for Question Marks is to grow or retrench because:

Accepted Answer

A)  they produce large profits and a strong cash flow, but have little upside potential. 
B)  they may not generate much profit at the moment, but they have an upside potential. 
C)  the markets offer great growth opportunity, given that they are new to the market. 
D)  they are not only high performers in the present, but they offer similar potential for the future. 
E)  they produce little if any profit, and must be supported so that they perform better. 
A)  they produce large profits and a strong cash flow, but have little upside potential. 
B)  they may not generate much profit at the moment, but they have an upside potential. 
C)  the markets offer great growth opportunity, given that they are new to the market. 
D)  they are not only high performers in the present, but they offer similar potential for the future. 
E)  they produce little if any profit, and must be supported so that they perform better.

Question 3

In a strategic _____, organizations join in partnership to pursue an area of mutual interest.

Accepted Answer

The answer of In a strategic _____, organizations join in...

Question 4

Syntagmatic, an educational consultancy firm, values service to the community as critically important to its operating objectives. In particular, the company holds a community event every year to celebrate families by holding a family fun day with popcorn, bounce houses, and music. Which of the following operating objectives is the primary focus of Syntagmatic?

Accepted Answer

A)  Social responsibility 
B)  Cost efficiency 
C)  Market share 
D)  Human talent 
E)  Financial health 
A)  Social responsibility 
B)  Cost efficiency 
C)  Market share 
D)  Human talent 
E)  Financial health

Question 5

The preferred strategy for Cash cows is:

Accepted Answer

A)  stability or modest growth. 
B)  targeting only the most promising of the Cash Cows. 
C)  retrenchment of some of the Cash Cows. 
D)  decrease of current operations. 
E)  growth and further resource investments. 
A)  stability or modest growth. 
B)  targeting only the most promising of the Cash Cows. 
C)  retrenchment of some of the Cash Cows. 
D)  decrease of current operations. 
E)  growth and further resource investments.

Question 6

_____ is the process of crafting strategies to guide the allocation of resources.

Accepted Answer

A)  Strategic analysis 
B)  Strategy formulation 
C)  Strategy implementation 
D)  Strategic crafting 
E)  Strategic outsourcing 
A)  Strategic analysis 
B)  Strategy formulation 
C)  Strategy implementation 
D)  Strategic crafting 
E)  Strategic outsourcing

Question 7

Process failure where the planning process becomes an end in itself, rather than a means to an end is referred to as _____.

Accepted Answer

A)  lack of participation error 
B)  goal displacement 
C)  failures of substance 
D)  divestiture 
E)  downsizing 
A)  lack of participation error 
B)  goal displacement 
C)  failures of substance 
D)  divestiture 
E)  downsizing

Question 8

The preferred strategy for Question Marks is:

Accepted Answer

A)  stability or modest growth. 
B)  retrenchment. 
C)  decrease of current operations. 
D)  growth and retrenchment. 
E)  growth and heavy resource investments. 
A)  stability or modest growth. 
B)  retrenchment. 
C)  decrease of current operations. 
D)  growth and retrenchment. 
E)  growth and heavy resource investments.

Question 9

Fresh Nest, a retail grocery store, provides a wide variety of products to its customers. So as to keep up with the varying demand in fruits, vegetables, and other groceries, the store stocks up products according to the needs and particulars of the locality. Which of the following strategies has been adopted by Fresh Nest by this move?

Accepted Answer

A)  Transnational strategy 
B)  Downsizing strategy 
C)  Turnaround strategy 
D)  Co-opetition strategy 
E)  Multidomestic strategy 
A)  Transnational strategy 
B)  Downsizing strategy 
C)  Turnaround strategy 
D)  Co-opetition strategy 
E)  Multidomestic strategy

Question 10

If a company focuses on acting as a good community citizen, the company is typically operating with the ____ objective.

Accepted Answer

A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability 
A)  Cost efficiency 
B)  Financial health 
C)  Profitability 
D)  Social responsibility 
E)  Sustainability

Question 11

Decisions related to choices about product and service mix, facilities locations, and new technologies are most likely to be a part of the _____ strategy of an organization.

Accepted Answer

A)  branding 
B)  marketing 
C)  corporate 
D)  functional 
E)  business 
A)  branding 
B)  marketing 
C)  corporate 
D)  functional 
E)  business

Question 12

The purpose of corporate strategy is to guide activities within one specific area of operations.

Accepted Answer

A) True 
 B)False

Question 13

In the context of the BCG matrix, the preferred strategy for Stars is retrenchment.

Accepted Answer

A) True 
 B)False

Question 14

Telkon, a mobile phone company, has recently launched a device which, apart from all the regular mobile phone features, also has an electric cigarette lighter and a small hidden knife. None of the other mobile handset makers have such a product. According to this information, which of the following business-level strategies is being used by Telkon?

Accepted Answer

A)  Co-opetition strategy 
B)  Cost leadership strategy 
C)  Focus strategy 
D)  Differentiation strategy 
E)  Turnaround strategy 
A)  Co-opetition strategy 
B)  Cost leadership strategy 
C)  Focus strategy 
D)  Differentiation strategy 
E)  Turnaround strategy

Question 15

A(n) ___ statement expresses the organization's reason for existence in society.

Accepted Answer

The answer of A(n) ___ statement expresses the organization's reason...

Question 16

A strategic leader needs to reduce the sense of urgency so as to achieve the best results.

Accepted Answer

A) True 
 B)False

Question 17

The BCG matrix is a portfolio planning model.

Accepted Answer

A) True 
 B)False

Question 18

The preferred strategy for Stars is growth because they:

Accepted Answer

A)  produce large profits and a strong cash flow, but have little upside potential. 
B)  may not generate much profit at the moment, but have upside potential. 
C)  produce large profits and a strong cash flow for only a short span of time and must be nurtured. 
D)  are not only high performers in the present, but they offer similar potential for the future. 
E)  produce little if any profit, and must be supported so that they perform better. 
A)  produce large profits and a strong cash flow, but have little upside potential. 
B)  may not generate much profit at the moment, but have upside potential. 
C)  produce large profits and a strong cash flow for only a short span of time and must be nurtured. 
D)  are not only high performers in the present, but they offer similar potential for the future. 
E)  produce little if any profit, and must be supported so that they perform better.

Question 19

List and describe the components of the BCG Matrix approach for portfolio planning in corporate-level strategy formulation.

Accepted Answer

Question marks - poor position, growing

Question 20

Vibgyor Inc. is a newly established organization which manufactures home appliances. The company is in the process of selecting the locations for its production facilities and an appropriate manufacturing technology. This information indicates that the company is developing its _____ strategy.

Accepted Answer

A)  contingency 
B)  competitive 
C)  business-level 
D)  marketing 
E)  tactical 
A)  contingency 
B)  competitive 
C)  business-level 
D)  marketing 
E)  tactical

A(n) ____ differentiation strategy offers a unique product to a special market segment.

The preferred strategy for Question Marks is to grow or retrench because:

In a strategic _____, organizations join in partnership to pursue an area of mutual interest.

The preferred strategy for Cash cows is:

_____ is the process of crafting strategies to guide the allocation of resources.

Process failure where the planning process becomes an end in itself, rather than a means to an end is referred to as _____.

The preferred strategy for Question Marks is:

If a company focuses on acting as a good community citizen, the company is typically operating with the ____ objective.

Decisions related to choices about product and service mix, facilities locations, and new technologies are most likely to be a part of the _____ strategy of an organization.

The purpose of corporate strategy is to guide activities within one specific area of operations.

In the context of the BCG matrix, the preferred strategy for Stars is retrenchment.

A(n) ___ statement expresses the organization's reason for existence in society.

A strategic leader needs to reduce the sense of urgency so as to achieve the best results.

The BCG matrix is a portfolio planning model.

The preferred strategy for Stars is growth because they:

List and describe the components of the BCG Matrix approach for portfolio planning in corporate-level strategy formulation.

Vibgyor Inc. is a newly established organization which manufactures home appliances. The company is in the process of selecting the locations for its production facilities and an appropriate manufacturing technology. This information indicates that the company is developing its _____ strategy.

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 10: Strategy and Strategic Management

A(n) ____ differentiation strategy offers a unique product to a special market segment.

The preferred strategy for Question Marks is to grow or retrench because:

In a strategic _____, organizations join in partnership to pursue an area of mutual interest.

The preferred strategy for Cash cows is:

_____ is the process of crafting strategies to guide the allocation of resources.

Process failure where the planning process becomes an end in itself, rather than a means to an end is referred to as _____.

The preferred strategy for Question Marks is:

If a company focuses on acting as a good community citizen, the company is typically operating with the ____ objective.

Decisions related to choices about product and service mix, facilities locations, and new technologies are most likely to be a part of the _____ strategy of an organization.

The purpose of corporate strategy is to guide activities within one specific area of operations.

In the context of the BCG matrix, the preferred strategy for Stars is retrenchment.

A(n) ___ statement expresses the organization's reason for existence in society.

A strategic leader needs to reduce the sense of urgency so as to achieve the best results.

The BCG matrix is a portfolio planning model.

The preferred strategy for Stars is growth because they:

List and describe the components of the BCG Matrix approach for portfolio planning in corporate-level strategy formulation.

Vibgyor Inc. is a newly established organization which manufactures home appliances. The company is in the process of selecting the locations for its production facilities and an appropriate manufacturing technology. This information indicates that the company is developing its _____ strategy.

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Control Processes and Systems

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters