Exam 2: Developing Successful Organizational and Marketing Strategies

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The Boston Consulting Group (BCG) business portfolio analysis requires an organization to locate the position for each of its strategic business units (SBUs) on a growth-share matrix. In a growth-share matrix, the horizontal axis of the matrix indicates

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The Boston Consulting Group's business portfolio analysis model can be used to analyze a firm's strategic business units. How is it used and what can it tell you?

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In general, a visionary organization asks which three types of questions to specify its foundation, set a direction, and formulate strategies?

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What is a mission?

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What is an organization's mission? What are some elements of a well-written mission statement?

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A campus service organization annually raises money through the sale of T-shirts. What are the major components of the marketing program it should use to increase sales? Give at least one example of each.

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Today's visionary organization uses three key elements to __________, set a direction, and formulate strategies.

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Several years ago, Black & Decker purchased General Electric's small appliances product line. Black & Decker purchased the line because it needed the cash generated from a product line that had a dominant market share in the slow-growth small appliance industry. GE's small appliances product line is most likely a __________ for Black & Decker.

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Diversification analysis refers to

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Data visualization

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The _________________ represent(s) the "what" element of a visionary organization.

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The Boston Consulting Group (BCG) has given specific names and descriptions to the four resulting quadrants in its growth-share matrix based on the amount of cash they generate for or require from the organization. Question marks are SBUs that are classified as having

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Explain what a Gantt chart is and how it is used.

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The Boston Consulting Group (BCG) has given specific names and descriptions to the four resulting quadrants in its growth-share matrix based on the amount of cash they generate for or require from the organization. Stars are SBUs that are classified as having

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Explain what a visionary organization is and the three questions (why, what, and how) that need to be answered to achieve success.

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The strategies an organization develops to provide value to the customers it serves is called

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The external-unfavorable quadrant represents __________ in a SWOT analysis.

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An organization's employees, shareholders, board of directors, suppliers, distributors, creditors, unions, government, local communities, and customers are referred to as its

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Marana Aerospace Solutions is the world's largest parking lot for unwanted commercial aircraft. Airlines pay from $750 to $5,000 monthly for the storage services provided by Evergreen. Before September 2001, the company had 140 discarded airplanes at its Arizona facilities and was growing at a rate of about six planes monthly with about two per month sold for parts or scrap metal. After calamity struck the airline industry in September 2001, airlines retired over 1,000 planes, and the actual number of planes stored at Evergreen differed significantly from its earlier prediction. Marana has enacted a new goal, widening the

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Identify and describe the three steps of the planning phase of the strategic marketing process.

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