Exam 2: Strategy, Organization Design, and Effectiveness

The ____ strategy tries to maintain a stable business while innovating on the periphery.

A(n) ____ strategy is concerned primarily with stability rather than taking risks or seeking new opportunities for innovation and growth.

A ____ strategy can reduce rivalry with competitors and fight off the threat of substitute products because customers are loyal to the company's brand.

Organization direction is the administration and execution of the strategic plan.

When using the goal approach to effectiveness, it is best to use ____ goals.

Strategic intent means that all the organization's energies and resources are directed toward a focused, unifying, and compelling overall goal.

The resource-based approach combines several indicators of effectiveness into a single framework, balancing traditional financial measures with operational measures relating to a company's critical success factors.

Innovation and change goals are decreasingly important, even though they initially cause a large increase in profits.

The primary responsibility of top management is to determine an organization's goals, strategy, and design, therein adapting the organization to a changing environment.

A plan for interacting with the competitive environment to achieve organizational goals is referred to as:

Miles and Snow's Strategy Typology is based on the notion that:

What is the specific overlap between effectiveness and efficiency?

A combination of external focus and flexible structure leads to a(n) _____. Management's primary goals are growth and resource acquisition.

The mission statement communicates legitimacy to stakeholders.

The slogan, "We're a no-frills business! When we save, you save!" exemplifies the strategy of:

List the five indicators tracked with the goal approach.

When looking for strengths and weaknesses, top management is:

Explain the role of top management and why it is important.

Which of the following pertains to the acquisition of needed material and financial resources from the environment?

Organizations using the differentiation strategy try to distinguish their products or services from others in the industry.