Question 1

Sarah is a middle manager at Stylin' Sneakers Corporation.She is most likely responsible for the achievement of ____ goals.

Accepted Answer

A)  operational 
B)  tactical 
C)  strategic 
D)  lower-level 
E)  top-level 
A)  operational 
B)  tactical 
C)  strategic 
D)  lower-level 
E)  top-level

Question 2

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

Accepted Answer

A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategic planning. 
C)  strategic management. 
D)  strategy implementation. 
E)  strategy evaluation.

Question 3

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Accepted Answer

A) True 
 B)False

Question 4

The Internet tends to lower the bargaining power of suppliers.

Accepted Answer

A) True 
 B)False

Question 5

The first stage in crisis prevention includes setting up effective communication system.

Accepted Answer

A) True 
 B)False

Question 6

The planning process begins with which of these?

Accepted Answer

A)  The development of operational goals 
B)  The development of a mission statement 
C)  Communication of goals to the rest of the organization 
D)  A company-wide meeting 
E)  Brainstorming 
A)  The development of operational goals 
B)  The development of a mission statement 
C)  Communication of goals to the rest of the organization 
D)  A company-wide meeting 
E)  Brainstorming

Question 7

In order for companies to remain competitive,their strategies must focus on three things.Describe these three focuses.

Accepted Answer

The three focuses are core competencies,

Question 8

Scenario - SendToMe.com
SendToMe.com is a large, diversified distributing company. The company is organized into three divisions: personal products, diagnostic equipment, and office equipment. The personal products division consists primarily of toiletry products for the individual consumer. The products include shampoos, conditioners, bath soaps, and mouthwash. All of the products are sold under store brand labels; typically, the company signs an agreement with a discount store, and the products are sold under the store's label. Sales of this division (and in the industry) have been relatively stable for the past ten years, and the division enjoys a dominant market share. Due to increased efficiencies in manufacturing and distribution, profits from the division have risen.
The diagnostic equipment division specializes in developing and marketing medical equipment, specifically equipment used in blood analysis. National sales for medical diagnostic equipment have been growing over 20 percent per year for the last five years. However, sales for this division are stagnant and there has been some discussion among senior management about divesting this division.
The office equipment division manufactures a high quality line of office furniture. The products are distributed through better office equipment stores and interior design firms. Sales in this division have more than doubled over the past five years.
-Refer to the scenario above.Threats to the diagnostic equipment division's problems may lie in:

Accepted Answer

A)  new entrants into the field 
B)  the development of nanotechnology 
C) multiple core competencies 
D)  growth in the hospital industry 
E)  all of these 
A)  new entrants into the field 
B)  the development of nanotechnology 
C) multiple core competencies 
D)  growth in the hospital industry 
E)  all of these

Question 9

The ____ is the department manager's tool for daily and weekly operations.

Accepted Answer

A)  conventional goal 
B)  strategic goal 
C)  strategic plan 
D)  operational plan 
E)  targeted plan 
A)  conventional goal 
B)  strategic goal 
C)  strategic plan 
D)  operational plan 
E)  targeted plan

Question 10

Tactical plans are designed to help execute the major strategic plans and to accomplish a specific part of the company's strategy.

Accepted Answer

A) True 
 B)False

Question 11

____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Accepted Answer

A)  Incident planning 
B)  Contingency planning 
C)  Strategic planning 
D)  Crisis planning 
E)  Emergency planning 
A)  Incident planning 
B)  Contingency planning 
C)  Strategic planning 
D)  Crisis planning 
E)  Emergency planning

Question 12

Which of Porter's five forces is influenced by all of the other four?

Accepted Answer

A)  Threat of substitute products 
B)  Rivalry among competitors 
C)  Bargaining power of buyers 
D)  Potential new entrants 
E)  Bargaining power of suppliers 
A)  Threat of substitute products 
B)  Rivalry among competitors 
C)  Bargaining power of buyers 
D)  Potential new entrants 
E)  Bargaining power of suppliers

Question 13

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

Accepted Answer

A) True 
 B)False

Question 14

In what ways do plans and goals benefit an organization?

Accepted Answer

Plans and goals benefit the organization

Question 15

Differentiate between strategy formulation and strategy execution.

Accepted Answer

Strategy formulation includes the planni

Question 16

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a Business Strategic Statement.

Accepted Answer

A) True 
 B)False

Question 17

Managers must understand no plan is perfect,but should grow and change to meet new conditions.

Accepted Answer

A) True 
 B)False

Question 18

____ is primarily responsible for strategic goals/plans.

Accepted Answer

A)  Middle management 
B)  Board of directors 
C)  Consultants 
D)  Top management 
E)  Lower management 
A)  Middle management 
B)  Board of directors 
C)  Consultants 
D)  Top management 
E)  Lower management

Question 19

Which of the following is NOT one of the tools used for putting strategy into action?

Accepted Answer

A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability 
A)  Visible leadership 
B)  Diversification 
C)  Human Resources 
D)  Communication 
E)  Clear roles and accountability

Question 20

A blueprint specifying the resource allocations schedules,and other actions necessary for attaining goals is referred to as a(n)

Accepted Answer

A)  goal. 
B)  plan. 
C)  mission. 
D)  vision. 
E)  objective. 
A)  goal. 
B)  plan. 
C)  mission. 
D)  vision. 
E)  objective.

Sarah is a middle manager at Stylin' Sneakers Corporation.She is most likely responsible for the achievement of ____ goals.

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

The Internet tends to lower the bargaining power of suppliers.

The first stage in crisis prevention includes setting up effective communication system.

The planning process begins with which of these?

In order for companies to remain competitive,their strategies must focus on three things.Describe these three focuses.

The ____ is the department manager's tool for daily and weekly operations.

Tactical plans are designed to help execute the major strategic plans and to accomplish a specific part of the company's strategy.

____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Which of Porter's five forces is influenced by all of the other four?

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

In what ways do plans and goals benefit an organization?

Differentiate between strategy formulation and strategy execution.

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a Business Strategic Statement.

Managers must understand no plan is perfect,but should grow and change to meet new conditions.

____ is primarily responsible for strategic goals/plans.

Which of the following is NOT one of the tools used for putting strategy into action?

A blueprint specifying the resource allocations schedules,and other actions necessary for attaining goals is referred to as a(n)

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Appendix-Managing Human Resources and Diversity

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Exam 5: Managerial Planning and Goal Setting

Sarah is a middle manager at Stylin' Sneakers Corporation.She is most likely responsible for the achievement of ____ goals.

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

The Internet tends to lower the bargaining power of suppliers.

The first stage in crisis prevention includes setting up effective communication system.

The planning process begins with which of these?

In order for companies to remain competitive,their strategies must focus on three things.Describe these three focuses.

The ____ is the department manager's tool for daily and weekly operations.

Tactical plans are designed to help execute the major strategic plans and to accomplish a specific part of the company's strategy.

____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Which of Porter's five forces is influenced by all of the other four?

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

In what ways do plans and goals benefit an organization?

Differentiate between strategy formulation and strategy execution.

A broad definition of the organization's values,aspiration and reason for being,along with a recognition of the scope and operations that distinguishes the organization refers to a Business Strategic Statement.

Managers must understand no plan is perfect,but should grow and change to meet new conditions.

____ is primarily responsible for strategic goals/plans.

Which of the following is NOT one of the tools used for putting strategy into action?

A blueprint specifying the resource allocations schedules,and other actions necessary for attaining goals is referred to as a(n)

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Appendix-Managing Human Resources and Diversity

Filters