Question 1

Emergent strategies are ineffective and should be avoided.

Accepted Answer

A) True 
 B)False

Question 2

An international strategy in which the company manages itself as a collection of domestic markets is called a home replication strategy.

Accepted Answer

A) True 
 B)False

Question 3

The implementation stage focuses on what the strategy is.

Accepted Answer

A) True 
 B)False

Question 4

Developing a(n) ____________________ strategy is far more complex than developing a domestic one.

Accepted Answer

The answer of Developing a(n) ____________________ strategy is far more...

Question 5

Why would one organization want to purchase an SBU that has been classified as a "dog"?

Accepted Answer

A)  A need to generate large amounts of short-run cash 
B)  A desire to expand into a rapidly growing market 
C)  Possible synergistic effects on the buying organization 
D)  A decision to adopt a retrenchment strategy 
E)  A desire to complete a hostile takeover of the seller 
A)  A need to generate large amounts of short-run cash 
B)  A desire to expand into a rapidly growing market 
C)  Possible synergistic effects on the buying organization 
D)  A decision to adopt a retrenchment strategy 
E)  A desire to complete a hostile takeover of the seller

Question 6

Organizational ____________________ are areas that increase the difficulty of an organization's performing at a high level.

Accepted Answer

The answer of Organizational ____________________ are areas that increase the...

Question 7

Effective strategies

Accepted Answer

A)  develop long-range plans for resource allocation. 
B)  provide an in-depth analysis of the organization's internal strengths and weaknesses. 
C)  provide managers with a list of environmental contingency factors. 
D)  align the organization and environment to achieve goals. 
E)  focus on the competition. 
A)  develop long-range plans for resource allocation. 
B)  provide an in-depth analysis of the organization's internal strengths and weaknesses. 
C)  provide managers with a list of environmental contingency factors. 
D)  align the organization and environment to achieve goals. 
E)  focus on the competition.

Question 8

____________________ compete in dozens or even hundreds of markets.

Accepted Answer

The answer of ____________________ compete in dozens or even hundreds...

Question 9

Network news programs have been losing viewers for years. Though reporters all say they have no political bias, many believe the networks all cover stories from left of center. Fox News saw ____ and began covering stories from what many believe to be right of center.

Accepted Answer

A)  an organizational weakness 
B)  a strategic limitation 
C)  entropy 
D)  an organizational threat 
E)  an organizational opportunity 
A)  an organizational weakness 
B)  a strategic limitation 
C)  entropy 
D)  an organizational threat 
E)  an organizational opportunity

Question 10

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

Accepted Answer

Overall co

Question 11

An impulsive CEO can turn a deliberate strategy into an emergent strategy.

Accepted Answer

A) True 
 B)False

Question 12

Google bought YouTube even though it operated at a loss. The business strategy for YouTube is ____.

Accepted Answer

A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic 
A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic

Question 13

According to the BCG matrix, ____________________ are businesses whose products have a high share of a growing market.

Accepted Answer

The answer of According to the BCG matrix, ____________________ are...

Question 14

According to the Miles and Snow model of business strategy, which of these strategies is the most appropriate for use in an unstable environment?

Accepted Answer

A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer 
A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer

Question 15

Kraft Food Inc offered to buy Cadbury, a confection and beverage company. Which advantage of related diversification could result from the merging of these two businesses?

Accepted Answer

A)  Reducing overhead 
B)  Creating a distinctive competence 
C)  Innovation 
D)  Synergy 
E)  Reducing business dependence 
A)  Reducing overhead 
B)  Creating a distinctive competence 
C)  Innovation 
D)  Synergy 
E)  Reducing business dependence

Question 16

Which of the following areas does a well-conceived strategy address?

Accepted Answer

A)  The organizational chart 
B)  Scope 
C)  Suppliers and distributors 
D)  Pricing strategy 
E)  Tactical goals 
A)  The organizational chart 
B)  Scope 
C)  Suppliers and distributors 
D)  Pricing strategy 
E)  Tactical goals

Question 17

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks. It uses a(n) ____ strategy.

Accepted Answer

A)  prospector 
B)  defender 
C)  reactor 
D)  rescuer 
E)  analyzer 
A)  prospector 
B)  defender 
C)  reactor 
D)  rescuer 
E)  analyzer

Question 18

St. Luke's Hospital started offering deeply discounted computerized tomography (CT) scans for smokers worried about lung cancer. St. Luke's willingness to change the price is an example of change in

Accepted Answer

A)  alignment. 
B)  synergy. 
C)  scope. 
D)  resource deployment. 
E)  entropy. 
A)  alignment. 
B)  synergy. 
C)  scope. 
D)  resource deployment. 
E)  entropy.

Question 19

Southwest Airlines gained access to the Atlanta market when it purchased Air Tran. This is an example of a change in Southwest's

Accepted Answer

A)  industry niche. 
B)  synergy. 
C)  scope. 
D)  resource deployment. 
E)  entropy. 
A)  industry niche. 
B)  synergy. 
C)  scope. 
D)  resource deployment. 
E)  entropy.

Question 20

A(n) ____________________ is the purchase of one firm by another firm that is considerably larger.

Accepted Answer

The answer of A(n) ____________________ is the purchase of one...

Emergent strategies are ineffective and should be avoided.

An international strategy in which the company manages itself as a collection of domestic markets is called a home replication strategy.

The implementation stage focuses on what the strategy is.

Developing a(n) ____________________ strategy is far more complex than developing a domestic one.

Why would one organization want to purchase an SBU that has been classified as a "dog"?

Organizational ____________________ are areas that increase the difficulty of an organization's performing at a high level.

Effective strategies

____________________ compete in dozens or even hundreds of markets.

Network news programs have been losing viewers for years. Though reporters all say they have no political bias, many believe the networks all cover stories from left of center. Fox News saw ____ and began covering stories from what many believe to be right of center.

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

An impulsive CEO can turn a deliberate strategy into an emergent strategy.

Google bought YouTube even though it operated at a loss. The business strategy for YouTube is ____.

According to the BCG matrix, ____________________ are businesses whose products have a high share of a growing market.

According to the Miles and Snow model of business strategy, which of these strategies is the most appropriate for use in an unstable environment?

Kraft Food Inc offered to buy Cadbury, a confection and beverage company. Which advantage of related diversification could result from the merging of these two businesses?

Which of the following areas does a well-conceived strategy address?

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks. It uses a(n) ____ strategy.

St. Luke's Hospital started offering deeply discounted computerized tomography (CT) scans for smokers worried about lung cancer. St. Luke's willingness to change the price is an example of change in

Southwest Airlines gained access to the Atlanta market when it purchased Air Tran. This is an example of a change in Southwest's

A(n) ____________________ is the purchase of one firm by another firm that is considerably larger.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 7: Managing Strategy and Strategic Planning

Emergent strategies are ineffective and should be avoided.

An international strategy in which the company manages itself as a collection of domestic markets is called a home replication strategy.

The implementation stage focuses on what the strategy is.

Developing a(n) ____________________ strategy is far more complex than developing a domestic one.

Why would one organization want to purchase an SBU that has been classified as a "dog"?

Organizational ____________________ are areas that increase the difficulty of an organization's performing at a high level.

Effective strategies

____________________ compete in dozens or even hundreds of markets.

Network news programs have been losing viewers for years. Though reporters all say they have no political bias, many believe the networks all cover stories from left of center. Fox News saw ____ and began covering stories from what many believe to be right of center.

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

An impulsive CEO can turn a deliberate strategy into an emergent strategy.

Google bought YouTube even though it operated at a loss. The business strategy for YouTube is ____.

According to the BCG matrix, ____________________ are businesses whose products have a high share of a growing market.

According to the Miles and Snow model of business strategy, which of these strategies is the most appropriate for use in an unstable environment?

Kraft Food Inc offered to buy Cadbury, a confection and beverage company. Which advantage of related diversification could result from the merging of these two businesses?

Which of the following areas does a well-conceived strategy address?

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks. It uses a(n) ____ strategy.

St. Luke's Hospital started offering deeply discounted computerized tomography (CT) scans for smokers worried about lung cancer. St. Luke's willingness to change the price is an example of change in

Southwest Airlines gained access to the Atlanta market when it purchased Air Tran. This is an example of a change in Southwest's

A(n) ____________________ is the purchase of one firm by another firm that is considerably larger.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters