Question 1

Smart cars are the only cars that can park perpendicular to the curb, which is especially beneficial in cities. This is an example of

Accepted Answer

A)  scope. 
B)  synergy. 
C)  distinctive competence. 
D)  competitive response. 
E)  resource deployment. 
A)  scope. 
B)  synergy. 
C)  distinctive competence. 
D)  competitive response. 
E)  resource deployment.

Question 2

Hewlett Packard contemplated selling its PC division. This is an example of change in ____.

Accepted Answer

A)  alignment 
B)  synergy 
C)  distinctive competence 
D)  resource deployment 
E)  scope 
A)  alignment 
B)  synergy 
C)  distinctive competence 
D)  resource deployment 
E)  scope

Question 3

In a small community in Michigan, there are two funeral homes. One of them clips all pictures from the local paper, laminates them, and mails them to the person photographed with a brief note. This is an attempt to build positive relations with potential customers during happy times. If the other funeral home chose to make similar customer contact, the competitors would have

Accepted Answer

A)  differential advantage. 
B)  strategic imitation. 
C)  emergent strategy. 
D)  distinctive competence. 
E)  competitive advantage. 
A)  differential advantage. 
B)  strategic imitation. 
C)  emergent strategy. 
D)  distinctive competence. 
E)  competitive advantage.

Question 4

Mercedes-Benz sells high quality automobiles at high prices. It uses a(n) ____ strategy.

Accepted Answer

A)  prospecting 
B)  emergent 
C)  differentiation 
D)  cost leadership 
E)  guerrilla 
A)  prospecting 
B)  emergent 
C)  differentiation 
D)  cost leadership 
E)  guerrilla

Question 5

When one disposable shaver maker introduced a three-blade shaver, the other introduced three blades within months. They repeated the process with four blades. This is an example of

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 6

In their book In Search of Excellence , Peters and Waterman found that successful companies "stuck to their knitting." In other words, they concentrated on those things that they do well. To which component of organizational strategy does this idea most directly relate?

Accepted Answer

A)  Organizational opportunity 
B)  Common strength 
C)  Distinctive competence 
D)  Resource deployment 
E)  Scope 
A)  Organizational opportunity 
B)  Common strength 
C)  Distinctive competence 
D)  Resource deployment 
E)  Scope

Question 7

Hershey Foods has essentially restricted its ____________________ to the confectionery business, with a few related activities in other food-processing areas.

Accepted Answer

The answer of Hershey Foods has essentially restricted its ____________________...

Question 8

MySpace was the first big social network, but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network. The safe perception of Facebook is a(n)

Accepted Answer

A)  organizational strength. 
B)  competitive disadvantage. 
C)  organizational opportunity. 
D)  scope. 
E)  SBUs. 
A)  organizational strength. 
B)  competitive disadvantage. 
C)  organizational opportunity. 
D)  scope. 
E)  SBUs.

Question 9

____ strategies in the Miles and Snow model represent a middle-of-the-road approach to business strategy.

Accepted Answer

A)  Analyzer 
B)  Defender 
C)  Cash cow 
D)  Prospector 
E)  Star 
A)  Analyzer 
B)  Defender 
C)  Cash cow 
D)  Prospector 
E)  Star

Question 10

Manufacturing creates the organization's products or services.

Accepted Answer

A) True 
 B)False

Question 11

An organization implementing a prospector strategy needs to

Accepted Answer

A)  create new opportunity. 
B)  remain flexible. 
C)  respond quickly. 
D)  decentralize decision making. 
E)  All of these choices 
A)  create new opportunity. 
B)  remain flexible. 
C)  respond quickly. 
D)  decentralize decision making. 
E)  All of these choices

Question 12

According to the BCG matrix, ____________________ are businesses that have a high share of a stable market.

Accepted Answer

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

Question 13

____________________ are businesses in a large organization that are grouped based on market or industry.

Accepted Answer

Strategic

Question 14

Ralston-Purina's products include a number of old standbys, but a large percentage of its revenues comes from products that did not exist five years ago. Ralston-Purina's approach represents a prospector strategy.

Accepted Answer

A) True 
 B)False

Question 15

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans.  There are many nonprofits helping veterans, but WWP is the most well known with celebrity involvement and advertising.  WWP is using a ____ strategy.

Accepted Answer

A)  differentiation 
B)  cost leadership 
C)  reactor 
D)  defender 
E)  guerrilla 
A)  differentiation 
B)  cost leadership 
C)  reactor 
D)  defender 
E)  guerrilla

Question 16

____________________ usually does not lead to high performance.

Accepted Answer

Unrelated

Question 17

The company that produced the television show, Who Wants to Marry My Dad?, had to cut cash flow when the demand for the show did not live up to expectations. According to the BCG matrix, the TV show, Who Wants to Marry My Dad?, was an example of a

Accepted Answer

A)  question mark. 
B)  rising star. 
C)  star. 
D)  dog. 
E)  cash cow. 
A)  question mark. 
B)  rising star. 
C)  star. 
D)  dog. 
E)  cash cow.

Question 18

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers. This is an example of ____ .

Accepted Answer

A)  resource deployment 
B)  strategic scope 
C)  competitive advantage 
D)  synergy in related diversification 
E)  None of these choices 
A)  resource deployment 
B)  strategic scope 
C)  competitive advantage 
D)  synergy in related diversification 
E)  None of these choices

Question 19

GE noticed that financial institutions had large profit margins. When GE entered the industry, its SBU was

Accepted Answer

A)  a question mark. 
B)  a winner. 
C)  a loser. 
D)  an average business. 
E)  a profit producer. 
A)  a question mark. 
B)  a winner. 
C)  a loser. 
D)  an average business. 
E)  a profit producer.

Question 20

____________________ is a skill or capability held by numerous competing firms.

Accepted Answer

The answer of ____________________ is a skill or capability held...

Smart cars are the only cars that can park perpendicular to the curb, which is especially beneficial in cities. This is an example of

Hewlett Packard contemplated selling its PC division. This is an example of change in ____.

Mercedes-Benz sells high quality automobiles at high prices. It uses a(n) ____ strategy.

When one disposable shaver maker introduced a three-blade shaver, the other introduced three blades within months. They repeated the process with four blades. This is an example of

In their book In Search of Excellence , Peters and Waterman found that successful companies "stuck to their knitting." In other words, they concentrated on those things that they do well. To which component of organizational strategy does this idea most directly relate?

Hershey Foods has essentially restricted its ____________________ to the confectionery business, with a few related activities in other food-processing areas.

MySpace was the first big social network, but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network. The safe perception of Facebook is a(n)

____ strategies in the Miles and Snow model represent a middle-of-the-road approach to business strategy.

Manufacturing creates the organization's products or services.

An organization implementing a prospector strategy needs to

According to the BCG matrix, ____________________ are businesses that have a high share of a stable market.

____________________ are businesses in a large organization that are grouped based on market or industry.

Ralston-Purina's products include a number of old standbys, but a large percentage of its revenues comes from products that did not exist five years ago. Ralston-Purina's approach represents a prospector strategy.

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans. There are many nonprofits helping veterans, but WWP is the most well known with celebrity involvement and advertising. WWP is using a ____ strategy.

____________________ usually does not lead to high performance.

The company that produced the television show, Who Wants to Marry My Dad?, had to cut cash flow when the demand for the show did not live up to expectations. According to the BCG matrix, the TV show, Who Wants to Marry My Dad?, was an example of a

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers. This is an example of ____ .

GE noticed that financial institutions had large profit margins. When GE entered the industry, its SBU was

____________________ is a skill or capability held by numerous competing firms.

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

Smart cars are the only cars that can park perpendicular to the curb, which is especially beneficial in cities. This is an example of

Hewlett Packard contemplated selling its PC division. This is an example of change in ____.

Mercedes-Benz sells high quality automobiles at high prices. It uses a(n) ____ strategy.

When one disposable shaver maker introduced a three-blade shaver, the other introduced three blades within months. They repeated the process with four blades. This is an example of

In their book In Search of Excellence , Peters and Waterman found that successful companies "stuck to their knitting." In other words, they concentrated on those things that they do well. To which component of organizational strategy does this idea most directly relate?

Hershey Foods has essentially restricted its ____________________ to the confectionery business, with a few related activities in other food-processing areas.

MySpace was the first big social network, but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network. The safe perception of Facebook is a(n)

____ strategies in the Miles and Snow model represent a middle-of-the-road approach to business strategy.

Manufacturing creates the organization's products or services.

An organization implementing a prospector strategy needs to

According to the BCG matrix, ____________________ are businesses that have a high share of a stable market.

____________________ are businesses in a large organization that are grouped based on market or industry.

Ralston-Purina's products include a number of old standbys, but a large percentage of its revenues comes from products that did not exist five years ago. Ralston-Purina's approach represents a prospector strategy.

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans. There are many nonprofits helping veterans, but WWP is the most well known with celebrity involvement and advertising. WWP is using a ____ strategy.

____________________ usually does not lead to high performance.

The company that produced the television show, Who Wants to Marry My Dad?, had to cut cash flow when the demand for the show did not live up to expectations. According to the BCG matrix, the TV show, Who Wants to Marry My Dad?, was an example of a

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers. This is an example of ____ .

GE noticed that financial institutions had large profit margins. When GE entered the industry, its SBU was

____________________ is a skill or capability held by numerous competing firms.

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