Question 1

Abercrombie & Fitch uses its ability to manage its supply chain more effectively than most of its competitors to create

Accepted Answer

A)  scope. 
B)  resource deployment. 
C)  a distinctive competence. 
D)  synergy. 
E)  alignment. 
A)  scope. 
B)  resource deployment. 
C)  a distinctive competence. 
D)  synergy. 
E)  alignment. C

Question 2

Most organizations start out diversified.

Accepted Answer

A) True 
 B)False  False

Question 3

MySpace was the first big social network,but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network.The safe perception of Facebook is a(n)

Accepted Answer

A)  organizational strength. 
B)  competitive disadvantage. 
C)  organizational opportunity. 
D)  scope. 
E)  SBUs. 
A)  organizational strength. 
B)  competitive disadvantage. 
C)  organizational opportunity. 
D)  scope. 
E)  SBUs. A

Question 4

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans.There are many nonprofits helping veterans,but WWP is the most well known with celebrity involvement and advertising.WWP is using a ____ strategy.

Accepted Answer

A)  differentiation 
B)  cost leadership 
C)  reactor 
D)  defender 
E)  guerrilla 
A)  differentiation 
B)  cost leadership 
C)  reactor 
D)  defender 
E)  guerrilla

Question 5

In general,when the level of competitive rivalry,the power of suppliers and buyers,and the possibility of substitutes and new entrants are all low,an industry has relatively few opportunities and numerous threats.

Accepted Answer

A) True 
 B)False

Question 6

Developing a(n)____________________ strategy is far more complex than developing a domestic one.

Accepted Answer

The answer of Developing a(n)____________________ strategy is far more complex...

Question 7

Special Exercises
Electronic Arts (EA)is a video game producer.It makes games for just about any game console,handheld game,PC,and cell phone.Sony makes games only for PlayStation platforms.Acclaim makes games primarily for massive multiplayer online game downloads.EA has the following information to begin a SWOT analysis.Determine whether each statement describes a strength,weakness,opportunity,or threat.
-Microsoft Xbox enables downloadable games.

Accepted Answer

A) Strength 
B) Weakness 
C) Opportunity 
D) Threat 
A) Strength 
B) Weakness 
C) Opportunity 
D) Threat

Question 8

Which of the following is NOT an advantage inherent in related diversification?

Accepted Answer

A)  Reducing business dependence 
B)  Reducing overhead 
C)  Scope 
D)  Synergy 
E)  Reducing risk 
A)  Reducing business dependence 
B)  Reducing overhead 
C)  Scope 
D)  Synergy 
E)  Reducing risk

Question 9

Special Exercises
Electronic Arts (EA)is a video game producer.It makes games for just about any game console,handheld game,PC,and cell phone.Sony makes games only for PlayStation platforms.Acclaim makes games primarily for massive multiplayer online game downloads.EA has the following information to begin a SWOT analysis.Determine whether each statement describes a strength,weakness,opportunity,or threat.
-EA has cutting-edge effects and graphics.

Accepted Answer

A) Strength 
B) Weakness 
C) Opportunity 
D) Threat 
A) Strength 
B) Weakness 
C) Opportunity 
D) Threat

Question 10

Dell was once a dominant brand in the PC market,commanding high prices.Now Dell is sold in Wal-Mart.This strategy is called

Accepted Answer

A)  prospector. 
B)  defender. 
C)  reactor. 
D)  rescuer. 
E)  analyzer. 
A)  prospector. 
B)  defender. 
C)  reactor. 
D)  rescuer. 
E)  analyzer.

Question 11

____________________ compete in dozens or even hundreds of markets.

Accepted Answer

The answer of ____________________ compete in dozens or even hundreds...

Question 12

Ralston-Purina's products include a number of old standbys,but a large percentage of its revenues comes from products that did not exist five years ago.Ralston-Purina's approach represents a prospector strategy.

Accepted Answer

A) True 
 B)False

Question 13

Companies should invest carefully and monitor closely a ____,which is a product that has a small share of a growing market.

Accepted Answer

A)  cash cow 
B)  question mark 
C)  defender 
D)  star 
E)  rising star 
A)  cash cow 
B)  question mark 
C)  defender 
D)  star 
E)  rising star

Question 14

Match the following.You may use a response once,more than once,or not at all.
-How the organization will use its people,money,etc.

Accepted Answer

A) Distinctive competence 
B) Resource deployment 
C) Scope 
D) Strategic management 
E) Synergy 
A) Distinctive competence 
B) Resource deployment 
C) Scope 
D) Strategic management 
E) Synergy

Question 15

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S.steel producer that regularly exports its products to Japan.This is an example of Chaparral Steel's

Accepted Answer

A)  organizational opportunity. 
B)  common strength. 
C)  distinctive competence. 
D)  resource deployment. 
E)  scope. 
A)  organizational opportunity. 
B)  common strength. 
C)  distinctive competence. 
D)  resource deployment. 
E)  scope.

Question 16

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks.It uses a(n)____ strategy.

Accepted Answer

A)  prospector 
B)  defender 
C)  reactor 
D)  rescuer 
E)  analyzer 
A)  prospector 
B)  defender 
C)  reactor 
D)  rescuer 
E)  analyzer

Question 17

In the Miles and Snow typology,the ____________________ strategy has no consistent strategic approach.

Accepted Answer

The answer of In the Miles and Snow typology,the ____________________...

Question 18

______ is(are)used to promote products or services and the overall public image of the organization.

Accepted Answer

A)  ​Accounting 
B)  ​Finance 
C)  ​Marketing and sales 
D)  ​Culture 
E)  ​Manufacturing and production 
A)  ​Accounting 
B)  ​Finance 
C)  ​Marketing and sales 
D)  ​Culture 
E)  ​Manufacturing and production

Question 19

Match the following.You may use a response once,more than once,or not at all.
-Unrelated diversification

Accepted Answer

A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy 
A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy

Question 20

Fort Howard Paper Company has a cost-saving manufacturing process that its competitors cannot imitate.Fort Howard Paper enjoys

Accepted Answer

A)  an organizational opportunity. 
B)  an organizational threat. 
C)  product integration. 
D)  a sustained competitive advantage. 
E)  product emulation. 
A)  an organizational opportunity. 
B)  an organizational threat. 
C)  product integration. 
D)  a sustained competitive advantage. 
E)  product emulation.

Abercrombie & Fitch uses its ability to manage its supply chain more effectively than most of its competitors to create

Most organizations start out diversified.

MySpace was the first big social network,but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network.The safe perception of Facebook is a(n)

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans.There are many nonprofits helping veterans,but WWP is the most well known with celebrity involvement and advertising.WWP is using a ____ strategy.

In general,when the level of competitive rivalry,the power of suppliers and buyers,and the possibility of substitutes and new entrants are all low,an industry has relatively few opportunities and numerous threats.

Developing a(n)____________________ strategy is far more complex than developing a domestic one.

Which of the following is NOT an advantage inherent in related diversification?

Dell was once a dominant brand in the PC market,commanding high prices.Now Dell is sold in Wal-Mart.This strategy is called

____________________ compete in dozens or even hundreds of markets.

Ralston-Purina's products include a number of old standbys,but a large percentage of its revenues comes from products that did not exist five years ago.Ralston-Purina's approach represents a prospector strategy.

Companies should invest carefully and monitor closely a ____,which is a product that has a small share of a growing market.

Match the following.You may use a response once,more than once,or not at all. -How the organization will use its people,money,etc.

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S.steel producer that regularly exports its products to Japan.This is an example of Chaparral Steel's

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks.It uses a(n)____ strategy.

In the Miles and Snow typology,the ____________________ strategy has no consistent strategic approach.

______ is(are)used to promote products or services and the overall public image of the organization.

Match the following.You may use a response once,more than once,or not at all. -Unrelated diversification

Fort Howard Paper Company has a cost-saving manufacturing process that its competitors cannot imitate.Fort Howard Paper enjoys

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

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

Filters

Exam 7: Managing Strategy and Strategic Planning

Abercrombie & Fitch uses its ability to manage its supply chain more effectively than most of its competitors to create

Most organizations start out diversified.

MySpace was the first big social network,but headlines about predator dangers created an opportunity for Facebook to arrive as the "safer" place to network.The safe perception of Facebook is a(n)

Wounded Warrior Project spends a lot of money telling the stories of wounded veterans.There are many nonprofits helping veterans,but WWP is the most well known with celebrity involvement and advertising.WWP is using a ____ strategy.

In general,when the level of competitive rivalry,the power of suppliers and buyers,and the possibility of substitutes and new entrants are all low,an industry has relatively few opportunities and numerous threats.

Developing a(n)____________________ strategy is far more complex than developing a domestic one.

Which of the following is NOT an advantage inherent in related diversification?

Dell was once a dominant brand in the PC market,commanding high prices.Now Dell is sold in Wal-Mart.This strategy is called

____________________ compete in dozens or even hundreds of markets.

Ralston-Purina's products include a number of old standbys,but a large percentage of its revenues comes from products that did not exist five years ago.Ralston-Purina's approach represents a prospector strategy.

Companies should invest carefully and monitor closely a ____,which is a product that has a small share of a growing market.

Match the following.You may use a response once,more than once,or not at all. -How the organization will use its people,money,etc.

Chaparral Steel is so efficient in its steel production and casting processes that it is the only U.S.steel producer that regularly exports its products to Japan.This is an example of Chaparral Steel's

3M is a highly innovative firm that is constantly seeking new markets and is oriented toward growth and taking risks.It uses a(n)____ strategy.

In the Miles and Snow typology,the ____________________ strategy has no consistent strategic approach.

______ is(are)used to promote products or services and the overall public image of the organization.

Match the following.You may use a response once,more than once,or not at all. -Unrelated diversification

Fort Howard Paper Company has a cost-saving manufacturing process that its competitors cannot imitate.Fort Howard Paper enjoys

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

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

Filters