Exam 9: Strategic Management

Colleen is successful after the first 3 years, and she is approached by a competitor who is nearing retirement age.The competitor is interested in selling his business to Colleen.For Colleen, this would be a(n) ________ strategy.

How can an organization develop strategic flexibility?

Ariel is considering forgoing the retail side of his business entirely.Instead, he will redirect his resources toward reselling hardware and software and providing systems integration services to the Latin American governmental and industrial sectors.Such a move would be most representative of which one of the following strategies?

A retrenchment strategy is a short-run renewal strategy that helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.

When conducting a SWOT analysis, threats are activities the organization doesn't do well or resources it needs but doesn't possess.

Casey majored in marketing and really enjoyed studying market research as a subject.Through research on the Internet and in the university library, she discovers that this industry appears to have significant positive external trends.She interprets this as a(n) ________.

Because of the good profits and a fear of growing too fast, you decide to keep Taco Rocket in the same business and do not change the menu.You hope to retain the same market share and return-on-investment record.This is considered a ________ strategy.

A SWOT analysis includes an analysis of an organization's environmental opportunities and threats.

What are the three main types of corporate strategies?

Your oldest holding, Taco Rocket, has not grown much in recent years, but due to low debt, it generates a huge amount of cash.According to BCG, Taco Rocket would be considered a ________.

When an organization continues serving the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations, it is following a ________ strategy.

A cost leadership strategy requires a firm to ________.

In an organization, the single independent businesses which formulate their own competitive strategies are known as ________.

________ are positive trends in the external environment.

Kiva Systems, manufacturer of robots used in flexible automation systems, demonstrates the power of ________ by "teaching" its robots to dispose of used cardboard and to assist in gift wrapping for e-commerce warehouse fulfillment.

With all the changes occurring in the computer reseller market, you advise him to stay with his present course until the market calms down.You are recommending that Ariel use a ________ strategy.

List and discuss the different types of corporate strategies.

After completing an external analysis, Patrick will become aware of the ________ of the company.

In ________, the organization becomes its own supplier so it can control its inputs.

Noting the growing popularity of South-East Asian food, you decide to open a new outlet called Rice Rocket.Which of the following, if true, could prove to be a threat to this plan?