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

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

Susana keeps a close eye on her company's internal and external environment to discover possible opportunities for new products and to discern possible threats from the competition.In which activity is Susana engaged?

To understand your own values,you should

In the BCG matrix,_____ are companies that have high growth and high market share,and are definite keepers.

Rashid,the CEO of Top Productions,said to his new vice president of accounting,"In the past I had resistance to new ideas by employees who felt that our plans threatened their influence or their jobs.So when you tell your collections department that we just hired a collection agency to handle bad debt,you may have to sell your collections manager and his supervisors on using the agency.You also have to emphasize the fact that nobody is going to be laid off." Selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of

Contingency planning is also known as

Mountain Rescue Incorporated sells emergency safety and rescue products to ski patrols and rescue workers at prices that are below those of its competitors,which offer a larger line of more expensive products and focus on broader markets.Mountain Rescue Incorporated is pursuing a ____ strategy.

An organization's vision statement needs to describe

A company's overall ability to execute is a function of effectively executing according to three processes,but Bossidy and Charan believe that the _____ process is the most important.

What are the three sources of a unique and valuable strategic position?

Because all work ultimately entails some human interaction,effort,or involvement,Bossidy and Charan believe that focusing on organization synergy is the most important process in strategy execution.

Motherboard Technology makes and sells only one product,a high-quality processor for mainframe computers,within its market-Silicon Valley,California.Which strategy is Motherboard Technology using?

Define and describe a trend analysis.Give an example of the ways in which a department store like Macy's or Dillard's might use a trend analysis.

This question contains several parts;be sure to answer each.Describe the characteristics of a good vision statement,and list at least three of the questions that a good vision statement will ask.Finally,evaluate how well IKEA's vision statement matches each question.

A local karate studio offers many services: karate lessons to young children (under age 10),judo lessons to preteens,kickboxing courses for teenagers and adults,and self-defense courses for older people.We can say that the studio has achieved _____ because the studio's activities interact and reinforce one another.

Porter's competitive strategies of cost-leadership and differentiation focus on ____ markets,while the cost-focus and focused-differentiation strategies focus on ____ markets.

This question contains two parts;be sure to answer each.First,summarize Porter's four competitive strategies,giving examples of companies that use each of the strategies.Next,suppose you are CEO of PaperWhite,a company that produces reams of copy paper.Which strategy would you use,and why?

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.In a SWOT analysis,the changing community attitudes are an example of a(n)_____ for Christopher's Restaurant.

A forecast is a(n)

Global CEOs desire ___________ even more than profit growth,stimulating innovation,customer loyalty,and finding qualified employees.