Exam 10: Strategy and Strategic Management

The presence of strong core values helps build a clear organizational identity.

A _____ strategy primarily identifies how a division or strategic business unit will compete in its product or service domain.

Failures of substance in strategic management show up in poor analysis and bad strategy selection.

In a(n) _____ alliance, firms typically join together to sell and deliver products or services.

A _____ strategy typically concentrates attention on a special market segment in the form of a niche customer group, geographical region, or product or service line.

Which of the following is a defining characteristic of a focused differentiation strategy?

Emergence of new competitors and resource scarcities are environmental threats.

Which of the following is a defining characteristic of a focused cost leadership?

Stakeholders are individuals and groups unaffected by the organization and its strategic accomplishments.

Suppose you are the CEO of a large manufacturing firm that makes motors. Your company typically sells these motors to mining companies. List and discuss the three to five operating objectives that you recommend for your business.

A(n) _____ expresses an organization's reason for existence in society.

Which of the following is a defining characteristic of growth through diversification?

Bella Dairy Products, a company producing ice creams, has recently bought two dairy farms. This strategic action falls under the category of _____.

The less attractive the industry structure, the harder it will be to make good strategic choices.

Which of the following increases the attractiveness of a market?

In a large conglomerate, while the enterprise on a whole will have a corporate strategy, each SBU will have its own business strategy.

It is advisable to combine a cost leadership strategy with a differentiation strategy to get better results.

A(n) ____ sells off parts of the organization to refocus attention on core business areas.

Compsolute, an IT company, enters into a partnership with Double Edge Finances. The terms of the agreement state that Compsolute would purchase the service of Double Edge Finance's finance team for a period of five years. This is an appropriate example of a(n) _____ alliance.

Restructuring by divestiture primarily involves: