Question 1

____ are corporate-level strategies for becoming a diversified firm.

Accepted Answer

A) Internal developments of new products 
B) Backward vertical integrations 
C) Mergers 
D) Acquisitions 
E) All of these choices 
A) Internal developments of new products 
B) Backward vertical integrations 
C) Mergers 
D) Acquisitions 
E) All of these choices

Question 2

Assuming an SBU retained its share of the market,how would it be classified if it were a star and its market subsequently became a low-growth market?

Accepted Answer

A) Still a star 
B) A defender 
C) A cash cow 
D) A dog 
E) A question mark 
A) Still a star 
B) A defender 
C) A cash cow 
D) A dog 
E) A question mark

Question 3

Organizational culture helps firms implement their strategies.

Accepted Answer

A) True 
 B)False

Question 4

In environmental SWOT analysis,the external organizational position is analyzed according to its

Accepted Answer

A) opportunities and threats. 
B) opportunities and weaknesses. 
C) strengths and threats. 
D) strengths and weaknesses. 
E) return on investment. 
A) opportunities and threats. 
B) opportunities and weaknesses. 
C) strengths and threats. 
D) strengths and weaknesses. 
E) return on investment.

Question 5

Briefly describe business portfolio analysis using the GE Business Screen.

Accepted Answer

The GE Business Screen, also known as th

Question 6

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 businesses...

Question 7

Strategy implementation is the methods by which strategies are ____________________.

Accepted Answer

The answer of Strategy implementation is the methods by which...

Question 8

A(n)____________________ is something the organization does exceptionally well.

Accepted Answer

distinctiv

Question 9

Effective strategies

Accepted Answer

A) develop long-range plans for resource allocation. 
B) provide an in-depth analysis of the organization's internal strengths and weaknesses. 
C) provide managers with a list of environmental contingency factors. 
D) align the organization and environment to achieve strategic goals. 
E) focus on the mission statement. 
A) develop long-range plans for resource allocation. 
B) provide an in-depth analysis of the organization's internal strengths and weaknesses. 
C) provide managers with a list of environmental contingency factors. 
D) align the organization and environment to achieve strategic goals. 
E) focus on the mission statement.

Question 10

____________________ is the practice of duplicating another organization's distinctive competence and thereby implementing a valuable strategy.

Accepted Answer

The answer of ____________________ is the practice of duplicating another...

Question 11

The Trump Organization operates real estate,casinos,The Miss USA pageant and Celebrity Apprentice television show.It has ____________________ diversification.

Accepted Answer

The answer of The Trump Organization operates real estate,casinos,The Miss...

Question 12

____________________ usually does not lead to high performance.

Accepted Answer

Unrelated

Question 13

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 14

Which of the following areas does a well-conceived strategy address?

Accepted Answer

A) The organizational chart 
B) Scope 
C) Suppliers and distributors 
D) Pricing strategy 
E) Tactical goals 
A) The organizational chart 
B) Scope 
C) Suppliers and distributors 
D) Pricing strategy 
E) Tactical goals

Question 15

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Accepted Answer

The answer of The ____________________-level strategy is the overall strategy...

Question 16

Philip Morris markets Marlboro cigarettes,the number-one selling cigarette brand in the world.Outside the United States,Marlboro generates huge profits that Philip Morris uses to support other less successful SBUs.According to the BCG matrix,Marlboro is an example of a

Accepted Answer

A) question mark. 
B) problem child. 
C) star. 
D) barking dog. 
E) cash cow. 
A) question mark. 
B) problem child. 
C) star. 
D) barking dog. 
E) cash cow.

Question 17

Clorox Corporation owns Kingsford charcoal,Matchlight charcoal lighter,Prime Choice steak sauce,and a restaurant chain.This is an example of ____ diversification.

Accepted Answer

A) related 
B) integrated 
C) unrelated 
D) consumer 
E) product 
A) related 
B) integrated 
C) unrelated 
D) consumer 
E) product

Question 18

One characteristic of an SBU classified as a star is

Accepted Answer

A) a large share of a low-growth market. 
B) a large amount of short-run cash support. 
C) a very small amount of money for growth and expansion. 
D) probable divestiture by the corporation. 
E) the potential to achieve a large market share. 
A) a large share of a low-growth market. 
B) a large amount of short-run cash support. 
C) a very small amount of money for growth and expansion. 
D) probable divestiture by the corporation. 
E) the potential to achieve a large market share.

Question 19

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 20

The primary concern of strategy implementation is

Accepted Answer

A) the content of the strategy. 
B) how the strategy is operationalized and executed. 
C) goal development. 
D) corporate-level strategy. 
E) functional strategy. 
A) the content of the strategy. 
B) how the strategy is operationalized and executed. 
C) goal development. 
D) corporate-level strategy. 
E) functional strategy.

Exam 8: Managing Strategy and Strategic Planning

____ are corporate-level strategies for becoming a diversified firm.

Assuming an SBU retained its share of the market,how would it be classified if it were a star and its market subsequently became a low-growth market?

Organizational culture helps firms implement their strategies.

In environmental SWOT analysis,the external organizational position is analyzed according to its

Briefly describe business portfolio analysis using the GE Business Screen.

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

Strategy implementation is the methods by which strategies are ____________________.

A(n)____________________ is something the organization does exceptionally well.

Effective strategies

____________________ is the practice of duplicating another organization's distinctive competence and thereby implementing a valuable strategy.

The Trump Organization operates real estate,casinos,The Miss USA pageant and Celebrity Apprentice television show.It has ____________________ diversification.

____________________ usually does not lead to high performance.

An organization implementing a prospector strategy needs to

Which of the following areas does a well-conceived strategy address?

The ____________________-level strategy is the overall strategy that helps define the mix of industries and markets that are of interest to the firm.

Philip Morris markets Marlboro cigarettes,the number-one selling cigarette brand in the world.Outside the United States,Marlboro generates huge profits that Philip Morris uses to support other less successful SBUs.According to the BCG matrix,Marlboro is an example of a

Clorox Corporation owns Kingsford charcoal,Matchlight charcoal lighter,Prime Choice steak sauce,and a restaurant chain.This is an example of ____ diversification.

One characteristic of an SBU classified as a star is

The primary concern of strategy implementation is

Managing and the Managers Job

Traditional and Contemporary Issues and Challenges

The Environment and Culture of Organizations

The Ethical and Social Environment

The Global Environment

The Multicultural Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing New Venture Formation and Entrepreneurship

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality, and Productivity

Managing Information and Information Technology

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