Exam 6: Strategic Management: How Exceptional Managers Realize a Grand Design

Mona,the CEO of an auto dealership,told her managers that "based on the high sales for this year,the forecast for next year looks very good." So after completing their budget for the upcoming year,based on the forecast that predicts continued strong sales,Mona and her managers are developing a plan in case sales drop unexpectedly.This type of planning is known as contingency planning.

(True/False)

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Question 81

A growth strategy involves the increase in employee knowledge.

(True/False)

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Question 82

In the BCG matrix,organizations that have slow growth but high market share,and income from them often finances stars and question marks,are ____.

(Multiple Choice)

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Question 83

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are _____.

(Multiple Choice)

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Question 84

For over 20 years,ABC Manufacturing produced only one product,a car part for Moraine Assembly,the Moraine,Ohio,General Motors truck factory.So when GM closed the Moraine Assembly facility,ABC was an example of a vulnerable company.

(True/False)

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Question 85

Over the course of 40 years,Sal grew his company to six package shipping stores.With his retirement approaching and the increased competition,he decided to reduce the number of locations to two.Sal's reduction of effort represents a _____.

(Multiple Choice)

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Question 86

The BCG matrix is a means of evaluating strategic business units on the basis of their _____.

(Multiple Choice)

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Question 87

According to the BCG matrix,organizations that have high growth and high market share are stars and should be kept.

(True/False)

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Question 88

Regarding the results of a SWOT analysis,organizational opportunities are ____.

(Multiple Choice)

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Question 89

A forecast is a vision or projection of the future.

(True/False)

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Question 90

Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes.So when the local community became interested in eating a healthier diet,Christopher's benefited.The changing community attitudes are an example of a(n)_____ for Christopher's.

(Multiple Choice)

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Question 91

More important than profit growth,stimulating innovation,customer loyalty,and finding qualified employees,global CEOs desire ____.

(Multiple Choice)

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Question 92

Don knows that one of the reasons people do not return to his electronics store is because of the slow service.This is an example of the organization's _____.

(Multiple Choice)

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Question 93

In general,the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.

(True/False)

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(69)

Question 94

Successful controlling within an organization,according to Bossidy and Charan,demands that managers build a foundation of controlling using the three core processes of _____.

(Multiple Choice)

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Question 95

A trend analysis is a hypothetical extension of a past series of events into the future.

(True/False)

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Question 96

Instructor Services is a technology company that offers many IT services in highly populated southern Ohio.Services and products include computer training,support,monitoring,repair,network design,virus removal,and software upgrades.It even sells refurbished computers.The source of Instructor Services' strategic position is _____.

(Multiple Choice)

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Question 97

A SWOT analysis is _____.

(Multiple Choice)

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Question 98

Contingency planning is a process by which a company compares its performance with that of high-performing organizations.

(True/False)

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Question 99

Contingency planning is also known as _____.

(Multiple Choice)

4.9/5

(89)

Question 100

Showing 81 - 100 of 133

A growth strategy involves the increase in employee knowledge.

In the BCG matrix,organizations that have slow growth but high market share,and income from them often finances stars and question marks,are ____.

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are _____.

For over 20 years,ABC Manufacturing produced only one product,a car part for Moraine Assembly,the Moraine,Ohio,General Motors truck factory.So when GM closed the Moraine Assembly facility,ABC was an example of a vulnerable company.

Over the course of 40 years,Sal grew his company to six package shipping stores.With his retirement approaching and the increased competition,he decided to reduce the number of locations to two.Sal's reduction of effort represents a _____.

The BCG matrix is a means of evaluating strategic business units on the basis of their _____.

According to the BCG matrix,organizations that have high growth and high market share are stars and should be kept.

Regarding the results of a SWOT analysis,organizational opportunities are ____.

A forecast is a vision or projection of the future.

Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes.So when the local community became interested in eating a healthier diet,Christopher's benefited.The changing community attitudes are an example of a(n)_____ for Christopher's.

More important than profit growth,stimulating innovation,customer loyalty,and finding qualified employees,global CEOs desire ____.

Don knows that one of the reasons people do not return to his electronics store is because of the slow service.This is an example of the organization's _____.

In general,the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.

Successful controlling within an organization,according to Bossidy and Charan,demands that managers build a foundation of controlling using the three core processes of _____.

A trend analysis is a hypothetical extension of a past series of events into the future.

A SWOT analysis is _____.

Contingency planning is a process by which a company compares its performance with that of high-performing organizations.

Contingency planning is also known as _____.

The Exceptional Manager: What You Do,how You Do It

Management Theory: Essential Background for the Successful Manager

The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Global Management: Managing Across Borders

Planning: The Foundation of Successful Management

Individual and Group Decision Making: How Managers Make Things Happen

Organizational Culture,Structure,and Design: Building Blocks of the Organization

Human Resource Management: Getting the Right People for Managerial Success

Organizational Change and Innovation: Lifelong Challenges for the Exceptional Manager

Managing Individual Differences and Behavior: Supervising People As People

Motivating Employees: Achieving Superior Performance in the Workplace

Groups and Teams: Increasing Cooperation,reducing Conflict

Power,Influence,and Leadership: From Becoming a Manager to Becoming a Leader

Interpersonal and Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

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