Question 1

There are three types of diversification strategies: single-product strategy, related diversification, and unrelated diversification.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following companies is noted primarily for employing an overall cost leadership strategy?

Accepted Answer

A)  Neiman-Marcus 
B)  Johnson & Johnson 
C)  Procter & Gamble 
D)  Wal-Mart 
E)  Tiffany's 
A)  Neiman-Marcus 
B)  Johnson & Johnson 
C)  Procter & Gamble 
D)  Wal-Mart 
E)  Tiffany's

Question 3

Google is a highly successful search engine site. It maintained that expertise and tried to expand into mobile devices. It used 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 4

AOL eliminated fees to some subscribers to try to attract more users. AOL was using a(n) ____ strategy.

Accepted Answer

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

Question 5

According to the Miles and Snow typology, organizations need to implement a(n) ____________________ strategy to encourage creativity and flexibility.

Accepted Answer

The answer of According to the Miles and Snow typology,...

Question 6

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

Accepted Answer

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

Question 7

A(n) ____________________ strategy is a plan chosen and implemented to support specific goals.

Accepted Answer

The answer of A(n) ____________________ strategy is a plan chosen...

Question 8

In general, when the level of competitive rivalry, the power of suppliers and buyers, and the possibility of substitutes and new entrants are all low, an industry has relatively few opportunities and numerous threats.

Accepted Answer

A) True 
 B)False

Question 9

In general, a well-conceived strategy addresses three areas: distinctive competence, scope, and resource deployment.

Accepted Answer

A) True 
 B)False

Question 10

SWOT analysis determines the primary strategy, wages, operations, and tactics in an organization.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

Accepted Answer

A)  Focuser 
B)  Rescuer 
C)  Aggressor 
D)  Prospector 
E)  Differentiator 
A)  Focuser 
B)  Rescuer 
C)  Aggressor 
D)  Prospector 
E)  Differentiator

Question 12

The product life cycle

Accepted Answer

A)  shows how sales volume changes over time for products. 
B)  can help managers recognize that strategies need to evolve over time. 
C)  begins when a new product or technology is first introduced. 
D)  generally consists of four stages. 
E)  All of these choices 
A)  shows how sales volume changes over time for products. 
B)  can help managers recognize that strategies need to evolve over time. 
C)  begins when a new product or technology is first introduced. 
D)  generally consists of four stages. 
E)  All of these choices

Question 13

One characteristic of an SBU classified as a star is

Accepted Answer

A)  a large share of a low-growth market. 
B)  a large amount of short-run cash support. 
C)  a very small amount of money for growth and expansion. 
D)  probable divestiture by the corporation. 
E)  the potential to achieve a large market share. 
A)  a large share of a low-growth market. 
B)  a large amount of short-run cash support. 
C)  a very small amount of money for growth and expansion. 
D)  probable divestiture by the corporation. 
E)  the potential to achieve a large market share.

Question 14

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms.  Describe those three sources of competitive advantage.

Accepted Answer

The three additional sources of competit

Question 15

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer. Trollbeads success let Pandora, Chamilia, and a slew of jewelry designers start making bead charms. Pandora used

Accepted Answer

A)  product aping. 
B)  tactical imitation. 
C)  product emulation. 
D)  product integration. 
E)  strategic imitation. 
A)  product aping. 
B)  tactical imitation. 
C)  product emulation. 
D)  product integration. 
E)  strategic imitation.

Question 16

Which of the following is NOT an example of a basis of relatedness for implementing related diversification?

Accepted Answer

A)  Similar technology 
B)  Similar human resources 
C)  Common brand name and reputation 
D)  Common customers 
E)  Common distribution and marketing skills 
A)  Similar technology 
B)  Similar human resources 
C)  Common brand name and reputation 
D)  Common customers 
E)  Common distribution and marketing skills

Question 17

Datril was introduced into the pain-reliever market as a product just like Tylenol. The makers of Datril used ____ to copy Tylenol's distinctive competence.

Accepted Answer

A)  product aping 
B)  tactical imitation 
C)  product emulation 
D)  product integration 
E)  strategic imitation 
A)  product aping 
B)  tactical imitation 
C)  product emulation 
D)  product integration 
E)  strategic imitation

Question 18

____ is the proportion of the market controlled by the product.

Accepted Answer

A)  Market growth rate 
B)  Relative market share 
C)  Competitive advantage 
D)  Tactical scope 
E)  Functional reach 
A)  Market growth rate 
B)  Relative market share 
C)  Competitive advantage 
D)  Tactical scope 
E)  Functional reach

Question 19

In reality, how do companies using unrelated diversification strategies perform? Why?

Accepted Answer

Companies using unrelated diversificatio

Question 20

Describe strategy formulation and deliberate strategy.  Use the Texas Instrument example if it is helpful.

Accepted Answer

Strategy formulation is the process of d

There are three types of diversification strategies: single-product strategy, related diversification, and unrelated diversification.

Which of the following companies is noted primarily for employing an overall cost leadership strategy?

Google is a highly successful search engine site. It maintained that expertise and tried to expand into mobile devices. It used a(n) ____ strategy.

AOL eliminated fees to some subscribers to try to attract more users. AOL was using a(n) ____ strategy.

According to the Miles and Snow typology, organizations need to implement a(n) ____________________ strategy to encourage creativity and flexibility.

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

A(n) ____________________ strategy is a plan chosen and implemented to support specific goals.

In general, when the level of competitive rivalry, the power of suppliers and buyers, and the possibility of substitutes and new entrants are all low, an industry has relatively few opportunities and numerous threats.

In general, a well-conceived strategy addresses three areas: distinctive competence, scope, and resource deployment.

SWOT analysis determines the primary strategy, wages, operations, and tactics in an organization.

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

The product life cycle

One characteristic of an SBU classified as a star is

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms. Describe those three sources of competitive advantage.

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer. Trollbeads success let Pandora, Chamilia, and a slew of jewelry designers start making bead charms. Pandora used

Which of the following is NOT an example of a basis of relatedness for implementing related diversification?

Datril was introduced into the pain-reliever market as a product just like Tylenol. The makers of Datril used ____ to copy Tylenol's distinctive competence.

____ is the proportion of the market controlled by the product.

In reality, how do companies using unrelated diversification strategies perform? Why?

Describe strategy formulation and deliberate strategy. Use the Texas Instrument example if it is helpful.

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

There are three types of diversification strategies: single-product strategy, related diversification, and unrelated diversification.

Which of the following companies is noted primarily for employing an overall cost leadership strategy?

Google is a highly successful search engine site. It maintained that expertise and tried to expand into mobile devices. It used a(n) ____ strategy.

AOL eliminated fees to some subscribers to try to attract more users. AOL was using a(n) ____ strategy.

According to the Miles and Snow typology, organizations need to implement a(n) ____________________ strategy to encourage creativity and flexibility.

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

A(n) ____________________ strategy is a plan chosen and implemented to support specific goals.

In general, when the level of competitive rivalry, the power of suppliers and buyers, and the possibility of substitutes and new entrants are all low, an industry has relatively few opportunities and numerous threats.

In general, a well-conceived strategy addresses three areas: distinctive competence, scope, and resource deployment.

SWOT analysis determines the primary strategy, wages, operations, and tactics in an organization.

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

The product life cycle

One characteristic of an SBU classified as a star is

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms. Describe those three sources of competitive advantage.

Trollbeads was the original maker of bead bracelets where beads are like individual charms and can be changed by the wearer. Trollbeads success let Pandora, Chamilia, and a slew of jewelry designers start making bead charms. Pandora used

Which of the following is NOT an example of a basis of relatedness for implementing related diversification?

Datril was introduced into the pain-reliever market as a product just like Tylenol. The makers of Datril used ____ to copy Tylenol's distinctive competence.

____ is the proportion of the market controlled by the product.

In reality, how do companies using unrelated diversification strategies perform? Why?

Describe strategy formulation and deliberate strategy. Use the Texas Instrument example if it is helpful.

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